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Some Midwestern soybean farmers are selling their beans to be crushed and turned into soybean meal and oil. But economists say domestic processing won’t be enough to offset the drop in Chinese demand.
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The Trump administration is promising billions in a bailout for farmers. This harvest season the trade war with China has added to the farm economy’s woes, as producers deal with lower crop prices and high costs.
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A bill proposed by the Michigan Soybean Association & Committee would give tax credits towards biodiesel purchases at the pump to help build a stronger domestic market for soybean farmers as tariffs from the Trump administration threaten exports.
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Farming is an institution as old as civilization itself, but the Great Lakes Crop Summit is looking to change things up in Michigan farms. The annual…
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Michigan farmers are reacting to news of a $12-billion agricultural bailout from the Trump administration.The bailout was announced Tuesday by the…
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China’s recent tariffs on imports from the U.S. hit Michigan soybean growers hard. Officials said the global market has already reacted with soybean…