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.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.And yet, the government pushes and incentivizes farmers to just grow more.Read This Blessed Earth or Omnivore's Dilemma if you want a primer on how messed up this system has become.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.