A northwest Minnesota farmer describes a vicious
cycle brought on by the trade war.
Tim Dufault, who grows soybeans and wheat near Crookston, testified before the House Ways and Means Committee Wednesday.
“The cycle starts with low commodity prices that we’ve seen over the last two-plus years. So when prices are low and only going lower, a farmer is left with two bad choices: lose money by selling low, or hold onto the crop he has in hopes the price will improve.”
He says in either instance, profits have suffered, resulting in less working capital.
