fromFortune
1 week agoFarmer says 'we're in a very dire situation' ahead of harvest-with zero soybean orders from China, historically the largest buyer | Fortune
Caleb Ragland, a Kentucky farmer and president of the American Soybean Association, is warning of an agricultural crisis as China has placed zero soybean orders for the upcoming harvest. It's a departure from typical patterns, where 25% of the U.S. crop goes to China. With prices 40% below three-year highs and production costs rising, hundreds of thousands of farmers face losses unless there's a trade resolution between the two countries.
Agriculture