Soybeans are harvested with a combine harvester at a farm in Tiskilwa, Illinois in 2018.
“We’ve had so much price erosion that we’re basically at below the cost of production. We’ve got to figure out how to manage and turn a profit,” Burrier told AFP.American farmers growing corn and soy – the biggest crops in the world’s largest economy – were hoping for a turnaround this year after Washington and Beijing reached a truce in their months-long trade war, which included a pledge to buy more US agricultural goods.
And a study from the University of Illinois and Ohio State University earlier this month predicted that even with payments from government safety net programmes, corn and soybean farmers are facing total revenue losses of US$8.5 billion to US$10.2 billion amid the pandemic. Computer monitors in his tractor display detailed metrics to track his planting, replacing the pen and notebook his father relied on.China retaliated for Washington’s unilateral trade actions with crippling tariffs on US soy and pork that drove a steep drop in total US agricultural exports to US$9.2 billion in 2018, less than half the 2017 amount, according to government data.In the “phase one” deal reached in January, Beijing agreed to buy up to US$50 billion in US farm products.
“There is a lot of uncertainty. The farmers are bracing for a really hard year all around,” she said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US accuses China of blocking US flights, demands actionAirlines are ordered to file flight schedules as US wants to resume service to China in June. FMTNews US under Trump is a fool... already delisting China company from Wall Street n yet bully China to open their airport welcoming American? The Great Big Bully of USA Everyone is afraid of the virus, can go but limited flights and quarantine
Source: fmtoday - 🏆 5. / 72 Read more »
US accuses China of blocking flights, demands actionWASHINGTON/BEIJING: The US Transportation Department on Saturday morning accused the Chinese government of making it impossible for US air carriers to resume service to China and ordered Chinese air carriers to file flight schedules with the US government. Maybe China is worrying that US DT will export the virus or retaliates what DT had done to China in January?
Source: staronline - 🏆 4. / 75 Read more »
US adding 33 Chinese companies, institutions to economic blacklistWASHINGTON: The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China's military.
Source: staronline - 🏆 4. / 75 Read more »
Virus-hit Hertz declares bankruptcy in US and Canada | The Malaysian InsightIts main international operating regions, including Europe, Australia and New Zealand, are not included in the US Chapter 11 filing.
Source: msianinsight - 🏆 8. / 63 Read more »
Cambodia lifts ban on travellers from US, Iran, European nationsPHNOM PENH: Cambodia has lifted a travel ban on people arriving from six countries, while announcing new entry requirements, a day after declaring that only one active Covid-19 case in the country was found in seven days, local media reported.
Source: staronline - 🏆 4. / 75 Read more »
Biden apologizes for saying radio host 'ain't black' if undecided about U.S. election(Reuters) - Former Vice President Joe Biden apologized on Friday for telling a black radio host that he 'ain't black' if he was still weighing whether to support him or incumbent Donald Trump in the Nov. 3 U.S. presidential election. They 'ain't!' They have the pigment, but have lost their souls and are brainwashed white. Moreover, the fool who Biden was speaking to calls himself god! so old!
Source: staronline - 🏆 4. / 75 Read more »