Economics
It’s a Very Bad Day for U.S. Farmers
- Effects of Trump trade war won’t ease until 2026, USDA says
- And the clincher: Kansas City Fed says farm credit tightens
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Things are not looking good for the U.S. farm economy.
On Thursday, the farm belt’s malaise deepened after the U.S. Department of Agriculture predicted soybean exports would stay below their pre-trade war levels until the 2026-2027 season. That followed a report that sales of the oilseed in early January had the worst week ever. And things didn’t end there: The Federal Reserve Bank of Kansas City warned that farm incomes would likely have a weak start in 2019 and that lenders were tightening credit.