HAZELTON, N.D.: As the 2018 harvest approached, North Dakota farmer Mike Appert had a problem: too many soybeans and nowhere to put them. Selling was a bad option. Prices were near decade lows as U.S. President Donald Trump's trade war with China weighed heavily on the market. Temporary storage would only buy him a little bit of time, particularly in an area where cold weather can damage crops stored in plastic bags.
Roger Hadley, who farms 1,000 acres in Indiana, was unable to plant any corn and soybeans this year after heavy rains added to farmers' woes. The declining number of U.S. farmers could hurt the world's top grain merchants such as ADM and Bunge, who will have fewer suppliers. Additionally, farmers will have less need to rent space in the merchants' grain silos as big farmers like Appert have plentiful storage on their own farms.
When land becomes available for lease, only the biggest farmers can readily shoulder the costs needed to expand. The Environmental Working Group, a conservation organization, said in a recent study the top 1per cent of aid recipients received an average of more than US$180,000 while the bottom 80per cent were paid less than US$5,000 in aid.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US lawmakers seek intel from customers in big tech probeWASHINGTON (BLOOMBERG) - A US House panel investigating big tech companies for potential antitrust violations is seeking information from customers of Amazon, Apple, Google and Facebook about the state of competition in digital markets and the adequacy of existing enforcement, according to documents reviewed by Bloomberg.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Sapporo readies for rugby's big drinkers at World CupThere is excitement in the air, mixed with a sense of trepidation, in Sapporo as the northern Japanese city prepares itself for an influx of rugby ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Compass awards: JJ Lin wins big, Linying is first-time winnerSINGAPORE - Singaporean Mandopop star JJ Lin was the big winner at the annual Compass (Composers and Authors Society of Singapore) awards. His accolades included Top Local Artiste of the Year, Top Local Songwriter of the Year and Top Local Chinese Pop Song for Bu Wei Shei Er Zuo De Ge (Twilight).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Parisse optimistic Italy can deliver big World Cup surpriseTo say the draw for the Rugby World Cup pool stage was unkind on Italy would be an understatement.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Football: Rudiger ruled out for Chelsea on Lampard's big nightFrank Lampard is proud to be leading Chelsea back into the Champions League but will be without defender Antonio Rudiger for Tuesday's clash with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
The Big Read: Beset with problems and losing its capital status, Jakarta still a city of dreams for manyPresident Jokowi’s announcement to move the capital out of Jakarta seems long overdue but many Jakarta residents doubt the relocation can solve ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »