Corona virus and trade
Blaine Jacobson of the Idaho Wheat Commission: “The corona virus is affecting the export of Idaho wheat.”
After the stage one trade deal was signed between the U.S. and China, Idaho wheat farmers were optimistic they'd sell and ship more wheat to China immediately. But with factory shutdowns in that country, ports grinding to a halt. It hasn't happened.
“Their economy is going backwards and it's put in a downward effect on the expected purchasers of American agricultural products.”
Idaho ranks fifth in the nation in wheat production, with growers producing more than 100 million bushels. Nearly half of all Idaho wheat is sold to foreign markets, making it one of our top export products. But so far, Idaho has missed the Asian markets