soybeans

The U.S. Department of Agriculture released updated numbers Monday showing farmers planted more acres this spring than many private analysts expected. That’s one of several factors driving market prices lower for many farmers’ crops.

U.S. Sen. Todd Young (R-Ind.) told Indiana agriculture groups today he’s asking the U.S. Department of Agriculture for clarity on potential disaster relief for farmers.

Heavy rains and floods delayed planting for many corn and soybean farmers this spring. Federal data show only 84 percent of corn was planted in Indiana as of this week. That’s compared to 100 percent last year.

In a recent survey, most Indiana farmers say the Trump administration's trade policy is putting their operations in “jeopardy.”

Farmers' Economic Optimism Drops In Latest Survey

May 14, 2019

Farmers' confidence in the economy tumbled last month, according to the latest Ag Economy Barometer reading. The April survey had the fourth largest sentiment index drop since it began in 2015.

President Donald Trump boosted tariffs Friday on Chinese imports from 10 to 25 percent. As trade talks continue, U.S. businesses warn the increase will hurt them and consumers.

(Pixabay)
Lauren Chapman

Numbers from the American Farm Bureau indicate soybean exports to China are down about 97 percent of what they were a year ago, thanks to President Donald Trump’s tariffs on China and that nation’s economic retaliation.

Indiana farmers anticipate high yields for corn and soybeans. But coupled with retaliatory tariffs against the U.S. from China, Canada and Mexico, farmers’ income could continue to be depressed.

Fifth generation Elkhart County farmer Mike Morehouse comes from a family that’s been working the land for more than 150 years. Growing corn and soybeans, he recently bought a new grain bin to store his corn.

Ag Barometer Sees Record Decline In Producer Sentiment

Aug 7, 2018
(Courtesy of Purdue University Center for Commercial Agriculture)
Lauren Chapman

Purdue University’s Ag Economy Barometer, which measures producer sentiment, has seen record declines following establishment of the Trump administration’s tariffs. July’s declines were the biggest since the measure was first established in 2015.

(Wikimedia Commons)
Lauren Chapman

Thursday night at the stroke of midnight, speculations became reality when the U.S.-imposed tariffs on $34 billion worth of Chinese goods.

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