The long range impacts of the ongoing trade war between the U.S. and China need to be addressed. That’s according to North Dakota Farmers Union President Mark Watne who says there’s no short term pain in a trade war. He says soybean prices this time of year should be around $13 a bushel and now are at $7. Watne mentioned that to Chief Ag Trade Negotiator Gregg (dowd) Doud;
He says unless the trade war is resolved soon the U.S. could end up losing all market access to China. He says that’s borne up in past trade disputes.
Watne says all aspects of U.S. agriculture are negatively being effected by the Trade War, even some specialty crops in North Dakota are feeling the pinch.
Watne says no amount of rhetoric will secure an operating loan and no amount of direct assistance to farmers will restore trade relationships that have been lost.
