Illinois — China’s threatened tariffs on more than 100 U.S. goods — including soybeans, corn, and cotton — are already impacting crop prices, even though they haven’t yet been implemented
After China made the announcement two weeks ago, soybean prices plummeted, upending farmers’ budgets for the coming year. One of them, Illinois farmer Steve Fricke, told VICE News the tariff standoff could reduce his gross income by 20 percent. He said his expenses would remain the same, so his take-home income from the small farm, typically at least $60,000 a year, could be cut by more than two-thirds.
Here is the interview from VICE News
Cover photo: Screenshot