Economists estimate grain farmers could lose money as total production costs remain above current prices

Planting season is well under way across the US. And while farmers welcome news that the US and Chinese officials agreed to temporarily reduce tariffs placed on exports, plenty of uncertainty remains.

China is one of the top three importers of US food commodities, behind Canada and Mexico, and the escalating trade war between Washington and Beijing has worried farmers - particularly grain farmers, who lost money on last year’s harvest as bumper crops weighed on prices.

Even as farmers plant this year’s corn and soya bean crops, agricultural economists estimate grain farmers could lose money again as total production costs remain above current prices, unless something changes.

  • MushuChupacabra@lemmy.world
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    7 days ago

    There were no good options and lesser evil is hard to figure out.

    The Greater Evil was, is, and always will be Trump, and it has been completely obvious the entire time.

    Not by a little, but by a fucking landslide.

    When you have a real business, that makes real money, then you are supposed to vote for things that are fiscally sensible.

    They stared at chaos, listened to the promise of more mayhem, and then decided yes, it is in my financial best interest to listen to these guys, and to ignore all warnings from others, and from Trump himself.

    Hopefully, they have the business outcomes they voted for.