AFBF leader says down farm economy plays major role in trade talks
The director of market intelligence with American Farm Bureau Federation says the tit-for-tat trade war continues to impact farmers at a time when the ag economy is at a 12-year low.
“That’s taking money out of these markets when you think about soybean prices losing 10 percent over a two week period, dairy markets have lost 10 percent over a 2-3 week period,” he says. “That’s real money to farmers and ranchers.”
John Newton says that’s why farmers need access to markets more than ever.
“The crop in the ground now looks pretty good, but where are you going to sell it this fall,” he says.
He says AFBF continues to advocate for a quick resolution.