AFB economist: Trade disputes mean lost export sales, hurt farmers


AFB economist: Trade disputes mean lost export sales, hurt farmers

The latest USDA data says through June 28, more than 5 million metric tons of soybean sales to China have been lost because of trade disputes. American Farm Bureau Federation economist Veronica Nigh says the resulting $2 loss in soybean futures prices has hit farmers hard.

“We don’t necessarily know in advance that these trade actions are coming,” Nigh told Brownfield Ag News, “and so it’s really hard to plan in advance for sales and unfortunately be caught in a pretty negative price situation.”

If the U.S.

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