US Soybean Farmers Near ‘Financial Precipice’ Due to Tariffs (1)

US soybean farmers are near a “trade and financial precipice” and cannot survive a prolonged trade war with China.

That’s the warning from Caleb Ragland, president of the American Soybean Association. In a letter to President Donald Trump dated Tuesday, he urged the administration to reach a deal with China to remove duties and, if possible, include significant soybean purchases.

“US soybean farmers cannot survive a prolonged trade dispute with our largest customer,” he said. “Soybean farmers are under extreme financial stress. Prices continue to drop and at the same time our farmers are paying significantly more for inputs ...