The trade war between the U.S. and China is a big reason U.S. farm exports are taking another hit as the USDA slashes its estimates for shipments of soybeans and corn this year.
According to a recent Trump tweet, China will “not be able to hurt” American farmers, indicating he’s ready to extend tariff aid for farmers into 2020.
After trending lower through the first four months the year, May pork exports to Japan increased 5% from a year ago, while export value, up 3%, was the highest in 18 months.
China’s apple production is down sharply this season, but U.S. apple exporters couldn’t help fill the gap. Unseasonably cold spring weather caused a 25% drop.
American Farm Bureau Federation President Zippy Duvall hails the EPA’s announcement to allow expanded E15 fuel sales. Removing outdated barriers and regulations.
A wave of Chapter 12 bankruptcies is sweeping across the U.S. farm belt as trade disputes take a toll on businesses already hurt by low commodity prices.