Article 444RY US farmers' troubles over tariffs show the value in looking ahead | Gene Marks

US farmers' troubles over tariffs show the value in looking ahead | Gene Marks

by
Gene Marks
from on (#444RY)

If you're running a business, I hope you're thinking of the future. Not doing so will put you in the same tight spot our farmers face

When you drive from Minneapolis to West Okoboji Lake, Iowa - as I did early last summer - you pretty much see just one thing: farmland. And those farms are pretty much just growing one thing too: soybeans. The state of Iowa is the second largest producer of soybeans in the US - and can you guess their biggest customer? An estimated one out of every three rows of soybeans grown there are shipped to China. I didn't see any pork farms from my car, but I've also learned that Iowa is the largest exporter of pork to China as well.

Related: The Iowa farmers on the frontline of Trump's trade war with China

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