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The Wagner family farm has 300 acres of soybeans stuck in the North Dakota earth, and whether they will ever be worth a dime remains an open question.
“It’s just been a perfect storm against us,” said Val Wagner, 41. “It’s not just one thing. Trade is an important issue, but a lot of things are beyond anyone’s control.”
The article goes on to state the following:
The Wagners and other soybean growers across the fruited plain are in a precarious position partly because of the U.S. trade war with China. The uncertainty over that huge export market and the ripple effect it has had on crops from harvest to table have left farmers in a bind.
The soybean harvest normally would have been completed in October, but the beans remain in the dirt or in already swollen-to-capacity silos and grain elevators, a victim of the trade war.
In July, the Trump administration imposed 10 percent tariffs on more than $200 billion of Chinese imports, citing unfair trade practices by China, including dumping products and intellectual copyright theft. In retaliation, China slapped tariffs on some $60 billion in goods it imports from the U.S., including soybeans.
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