The financial reality has caused many farmers to make tough business decisions already.
Mike Beard runs Meadowlane Farms, a 2,000-acre property where he farms soybeans along with also corn along with also raises pigs in Frankfort, Indiana. He estimates he has already lost $15,000 This kind of year due to the drop in corn prices.
“The recovery for a $15,000 loss means of which I won’t buy one piece of equipment This kind of year,” Beard said. Despite the market impact, “I don’t believe the idea’s shaken my support [for Trump]. I supported the need for the change in how we do business with different countries.”
Eric Nelson, who grows grain along with also soybeans, raises cattle along with also sells seed in Moville, Iowa, said farmers may have to change their crop mix based on cost outlook, nevertheless they won’t be changing their political allegiances.
“Sure the idea’s worrisome for all of us; our livelihood depends on the idea,” Nelson said of the uncertainty of the trade negotiations. “nevertheless to say of which all trade has been great the last 20 years, the facts would certainly belie of which.”