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Rick Worthington Farmers Wary About 2019
by Rick Worthington, click here for bio

Program: Farm and Ranch Report
Date: December 03, 2018

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Farmers Wary About 2019

Secretary of Agriculture Sonny Perdue says he's confident farmers can plan ahead for market conditions. But this year, the U.S.’ largest agricultural export, soybean, is down 98 percent to China, the crop's largest importer.

Farmers Union president Mark Watne says farmers rotate their crops for better yields and to control disease, typically between corn and soybeans, which means leaving out soybeans also will affect corn.

"Just to suggest that being soybeans is low, we all switch to another crop and everything's magical – it doesn't work that way,” he states. “We tend to flood those other markets and we lower those prices, and then we have the same scenario playing out where we're planting something that doesn't make any money."

The Trump administration created a $12 billion emergency aid program this summer to help farmers caught in the middle of the country's escalating trade war.

The administration made $6 billion of that available in September and the other half is expected to be available soon.

Watne says it would have been more effective if the U.S. had brought other countries along to fix trade imbalances.

"You have so much better chance of having success, but alone we take a huge risk of not only losing this thing but losing the market for as far in the future as we could estimate," he points out.

"We could really see a crisis,” he stresses. “This is way more serious than a lot of people want to admit."

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