China-US Trade Dispute and Farm Economy Continues Decline
From the Ag Information Network, I’m Bob Larson and this is your Agribusiness Update.
**The Chinese government announced it would curb critical mineral exports to countries like the U.S., sparking an immediate response from the White House.
Reuters reports President Trump promised additional duties of 100% on China’s U.S.-bound exports, along with new controls on any critical software by November 1.
With regards to his meeting scheduled with Chinese President Xi Jinping in a couple of weeks, President Trump said, I haven’t canceled it.
**Farmers across the country are facing a difficult farm economy, as crop prices continue to decline and production expenses remain high.
www.agrimarketing.com reports strong yields provide little relief and imbalance in the market has driven profit margins to the point where breaking even is unachievable.
As crop revenues continue to decline, expenses remain stubbornly high, leaving farmers with very few options beyond drawing down equity, tapping reserves or taking on more debt.
www.agrimarketing.com/s/155137
**The farmland market continued its year-long search for direction in the third quarter.
Agricultural Economic Insights says depending on the survey and the time frame, farmland prices moved slightly up, down a bit, or stayed flat, evidence of a market that’s plateauing and trying to find reasons for prices to go either up or down.
Factors influencing the land market continued to be in flux, with more questions than answers.
