Tariff Disputes
From the Ag Information Network, I’m Bob Larson. We’re seeing warning signs in the farm economy when it comes to tariff disputes.
American Farm Bureau Federation President Zippy Duvall says they are starting to take a toll on agriculture …
DUVALL … “International trade is important. In general, America’s farmers get 20 percent of their income from exporting goods to other countries. That’s why current trade disputes are so concerning.”
Most crops are feeling it, Duvall says but others have been devastated …
DUVALL … “Just look at what’s happening with soybeans. In 2024, China booked about 12 million tons of U.S. soybeans for September to November shipment. This year, China hasn’t booked any U.S. soybean shipments for the same time period.”
But Duvall says this goes far beyond just soybeans …
DUVALL … “It’s just one example of the challenges facing America’s farmers. Row crop prices are down, expenses are up, and now America could lose export markets.”
So, Duvall says we can’t wait any longer …
DUVALL … “Farmers have been patient with the administration, and we’re pleased that new trade frameworks are being developed. But time is running out. We must resolve tariff disputes and get trade back on track.”
Again, that is Zippy Duvall, President of the American Farm Bureau Federation.
