SIOUX CITY, Iowa (KCAU) — With harvest set to begin any day now, soybean farmers say they are worried about ongoing tariff disputes with China. A quick check of the numbers shows prices for the cover crop have dropped below the cost of production.
China has accounted for 60% of soybean exports in the U.S., but so far has yet to purchase any from farmers. This is due to ongoing trade disputes, and producers are worried China won’t be buying anytime soon.
“I’m not optimistic that China is going to come back and buy in droves, which is what really what we need,” said David Weaver, a central Iowa farmer…