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Unread 2018-09-15, 16:39   #1
aarkieboy's Avatar

Feb 5 2003
82,740 posts
Age 63
Somewhere on this ball we call "Earth"

"The ongoing battle over tariffs between President Trump and China is negatively affecting farmers across the US.

The conflict is expected to worsen as Trump instructed his aides on Friday to carry out his tariff plans of $200 billion in Chinese products. Even the cost of Hurricane Florence is made worse by the trade war.

“The trade war is having impacts on all agricultural sectors,” Gary Schnitkey, Professor in Farm Management at the University of Illinois, told Yahoo Finance in a phone interview.

According to a recent map, provided by the US Department of Agriculture’s Economic Research Service and highlighted by the farmdoc project at the University of Illinois, the net cash farm income has decreased in every American region in comparison to 2017.

Click the image to open in full size.

The main agricultural commodities, Schnitkey explained, are soybeans and pork. To a second degree, there are corn, fruits, and vegetables.

“All of these commodity prices are linked together,” he said. “If soybean prices fall, so do corn and wheat.” Eventually, every kind of farmer experiences a major loss of income." (More)
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