The vice president of the American Soybean Association estimates the trade war with China has cost his farm at least $65,000 dollars. Bill Gordon of Worthington, Minnesota, says he figures most of the two-dollar drop in soybean prices this past year can be attributed to less demand from China. “We talk about the economics of this, we do overproduce (as does) South America. That’s all part of the supply and demand. But this time value of this trade war has definitely pushed this market lower than it probably should be.” He tells Brownfield the $65,000 loss he’s showing only accounts for soybeans.
Continue reading Literal cost of the trade war at Brownfield Ag News.
