U.S. Farmers Stung by Tariffs Now Face a $3.5B Corn Loss
I work in agtech and I'm not surprised by this at all.<p>The major corn and soy producers have faced downward pressure for the last 4 years. It now costs more to plant the crop than to pick and sell it.<p>And yet, the government pushes and incentivizes farmers to just grow more.<p>Read <i>This Blessed Earth</i> or <i>Omnivore's Dilemma</i> if you want a primer on how messed up this system has become.<p>What farmers need are a way to restore profits in a sustainable fashion. Simply growing more corn/soybeans/rice/wheat isn't going to cut it anymore.