Tariff talk hits soybean prices; will be ‘very difficult for a farmer to make a profit’

[KenH]

‘ “We're getting to a point now that it's going to be very difficult for a farmer to make a profit, with prices down, inputs [expenses] up and an increase in prices for everything else," Veach, a farmer in Mississippi County, said. "Now we have tariff wars at a time prices are very fragile."

Arkansas farmers harvested 3.5 million acres of soybeans last year, collecting 178.5 million bushels, according to the statistics service of the U.S. Department of Agriculture. At $9.75 a bushel, the crop had a market value of $1.74 billion, placing the state 11th among soybean-producing states. About 40 percent of Arkansas soybeans are exported, with most going to China.

Soybean futures slumped to $8.41 per bushel at one point Tuesday, the lowest price since March 2009, but rebounded to $8.89 at closing. ‘

Tariff talk hits soybean prices; will be 'very difficult for a farmer to make a profit,' Arkansas Farm Bureau president says

 

[Earth Wind and Fire]

‘ “We're getting to a point now that it's going to be very difficult for a farmer to make a profit, with prices down, inputs [expenses] up and an increase in prices for everything else," Veach, a farmer in Mississippi County, said. "Now we have tariff wars at a time prices are very fragile."

Arkansas farmers harvested 3.5 million acres of soybeans last year, collecting 178.5 million bushels, according to the statistics service of the U.S. Department of Agriculture. At $9.75 a bushel, the crop had a market value of $1.74 billion, placing the state 11th among soybean-producing states. About 40 percent of Arkansas soybeans are exported, with most going to China.

Soybean futures slumped to $8.41 per bushel at one point Tuesday, the lowest price since March 2009, but rebounded to $8.89 at closing. ‘

Tariff talk hits soybean prices; will be 'very difficult for a farmer to make a profit,' Arkansas Farm Bureau president says

Out of curiosity, who did they all vote for?

 

[KenH]

From the article:

"Certainly, farmers don't need to be caught up now in the middle of a trade war," he said. "I've yet to find a farmer who thinks any of this is good. I wish farmers were more united and more willing to speak up. Unfortunately, a lot of them supported this president and are reluctant now to criticize him."

 

[carpro]

Wonder how they'd like to be in the dairy business and trying to sell milk to Canada?

 

[just-want-peace]

I guess this is kinda reminicent of when Henry Ford started the assembly line process, putting America on wheels, but at the same time putting an end to buggy manufacturing & all the ancillaries there-of!
The US of A managed to survive that, & most likely we’ll survive this also.

Just because it’s raining doesn’t mean there’s a hole in the sky; nor that the sky falling.