Soybeans are the United States’ largest agricultural export. As the trade war drags on, China, America’s biggest buyer, hasn’t purchased any this year. The Trump administration could announce a more than $10 billion bailout this week, but farmers say their problems are much bigger. Source link
Greenville, Illinois — It’s prime harvest season in southern Illinois, but for soybean farmers like Scott Gaffner, what’s usually a time of reward has turned into worry. “The great majority of [soybeans] coming from this area would be going to China,” Gaffner said, but “not this year.” China is the largest consumer of soybeans. The…
Washington — The Trump administration is considering a significant financial aid package for farmers, according to multiple sources familiar with the discussions. The package could include more than $10 billion in relief. The White House is focusing on soybean farmers, since they’ve been hard hit by the Chinese boycott on American soybeans. Discussions about the…
By Didi Tang, Josh Funk, Steve Karnowski, Dylan Lovan, Obed Lamy, Scott McFetridge and Michael Conroy To show the crushing impact of the Trump administration’s tariffs on U.S. soybean farmers, a multi-format team of AP journalists connected a Washington policy debate with its consequences in the American heartland. Led by Didi Tang and Josh Funk,…
China, the top export market for the United States for soybeans, is not purchasing any of the crop from American farmers right now, leaving Minnesota producers uncertain about the future. Minnesota’s 26,000 soybean farmers send 60% overseas and China is their top buyer, according to the Minnesota Soybean Growers Association. It’s the number one agricultural…
U.S. farmers in a bind as crop prices crash and tariffs drive higher equipment costs – CBS News Watch CBS News America’s farmers are caught in a crisis between a combination of high operating costs, low commodity prices and lost markets. Lana Zak reports. Source link
Carver, Massachusetts — For Jarrod Rhodes, a fourth-generation cranberry farmer in Carver, Massachusetts, a 30-acre state project is taking a portion of his family’s land back in time. “In 10 years, I hope it looks like a natural swamp,” Rhodes told CBS News of the project’s outcome. “And just, kind of, everything that it may…
Farmers across the country have fallen on hard times in the wake of a number of President Donald Trump‘s policies, despite being one of his most loyal voting groups. Even in states which voted overwhelmingly in Trump’s favor in the 2024 Presidential Election, farmers are concerned about their future, and bankruptcy filings have soared this…
Days after the bonhomie between Prime Minister Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, President Donald Trump said on Friday it looks like the US has lost India and Russia to “darkest” China. “Looks like we have lost India and Russia to…
In Montana’s Blackfoot Valley, Cole Mannix and his family are raising 1,200 head of cattle on 50,000 acres. The Mannix family has been working this land for 143 years, but big food, big agriculture and extreme weather are threatening the next generation. “Almost everything about our food system is terminal,” Mannix said. Mannix and his…