Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
Related: About this forumNorth Dakota soybean farmers, caught in the trade war, watch the season run out on their crop
Source: Washington Post
North Dakota soybean farmers, caught in the trade war, watch the season run out on their crop
By Kyle Swenson October 13 at 9:00 AM
-snip-
But there is another problem facing farmers in the Sheyenne River Valley, 60 miles west of Fargo: They are snagged in the trade crossfire between Washington and Beijing.
For the past decade, North American soybean production has exploded, driven by an intense demand from China. Peterson and other Great Plains farmers directly fed the overseas markets, harvesting more than 243 million bushels in North Dakota, at a price of $2.1 billion in the last market year. The majority of that crop fattened Chinese livestock.
But in July, the Trump administration announced 10 percent tariffs on more than $200 billion of imported Chinese goods. Beijing responded with tariffs on $60 billion of American products including soybeans.
The escalation essentially hit pause on what had been a rollicking international market for North Dakotas farmers. When Peterson pulls his soybeans from the ground, hell have no one to sell most of them to.
-snip-
By Kyle Swenson October 13 at 9:00 AM
-snip-
But there is another problem facing farmers in the Sheyenne River Valley, 60 miles west of Fargo: They are snagged in the trade crossfire between Washington and Beijing.
For the past decade, North American soybean production has exploded, driven by an intense demand from China. Peterson and other Great Plains farmers directly fed the overseas markets, harvesting more than 243 million bushels in North Dakota, at a price of $2.1 billion in the last market year. The majority of that crop fattened Chinese livestock.
But in July, the Trump administration announced 10 percent tariffs on more than $200 billion of imported Chinese goods. Beijing responded with tariffs on $60 billion of American products including soybeans.
The escalation essentially hit pause on what had been a rollicking international market for North Dakotas farmers. When Peterson pulls his soybeans from the ground, hell have no one to sell most of them to.
-snip-
Read more: https://www.washingtonpost.com/politics/north-dakota-soybean-farmers-caught-in-the-trade-war-watch-the-season-run-out-on-their-crop/2018/10/12/c64f94a0-ce4c-11e8-a360-85875bac0b1f_story.html
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 1096 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (7)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
North Dakota soybean farmers, caught in the trade war, watch the season run out on their crop (Original Post)
Eugene
Oct 2018
OP
DURHAM D
(32,610 posts)1. and still he supports the moron in charge...
WhiteTara
(29,715 posts)2. Maybe when he has no money to plant again in spring
and Farm Bill excludes all but total corp farms, he'll rethink his position.
keithbvadu2
(36,806 posts)3. Donald's socialist policies will fix it.
Donald's socialist policies will fix it.
8921 Bailout checks for farmers starting
https://www.democraticunderground.com/10142162486
Farmer-Rick
(10,171 posts)4. The farmers who are hurting own 5,000 acre farms
I'm sure they will be just fine.
Orphaned soybeans? Talk about anthropomorphism.