An analysis by the Food and Agricultural Policy Research
Institute (FAPRI) shows how much of an impact tariffs have had on U.S.
soybeans.
FAPRI-MU Director Pat Westhoff says, not surprisingly, if
tariffs had been removed in March, soybean prices would be higher and so would
net farm income, “Some of our most interesting results, at least in my mind, is
we came up with an estimated impact on U.S. net farm income of about $4 Billion
dollars per year, starting in 2020.”
Because of African Swine Fever, demand for soybeans in China
has dropped, “China just doesn’t need to have that many soybeans from us anymore.
Continue reading FAPRI -MU shows impact of tariffs on soybeans at Brownfield Ag News.
