Consider This from NPR Farming is uncertain — a trade war makes it more so
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Mar 20, 2025 Farmers contend with a volatile mix of trade wars and unpredictable weather. Tariffs imposed by the Trump administration stir fears over crop prices and agricultural stability. Insights from former Secretary of Agriculture Ann Veneman shed light on the potential outcomes for U.S. farming, especially soybeans. The U.S. Department of Agriculture’s support programs are crucial, but budget cuts threaten their effectiveness. One farmer's shift from rice to soybeans illustrates the tough decisions driven by fluctuating markets and tariffs.
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Farming Uncertainty
- Farmers face uncertainty with crop prices, farm supply costs, and weather.
- Current political policies add another layer of uncertainty.
Farmer's Tariff Woes
- Justin Sherlock, a North Dakota farmer, faces uncertainty due to tariffs.
- Tariffs impact fertilizer costs and soybean exports to China.
Tariff Impact on Agriculture
- Tariffs disproportionately affect the U.S. agriculture industry.
- China, a major soybean importer, might reduce purchases due to tariffs.