A trade mission to Nigeria. A memorandum of understanding with Vietnam. A surge of purchases from Bangladesh. These countries are not typically major customers for soybeans from the U.S. farm belt. But, according to Reuters, desperate farmers, their trade organizations and President Donald Trump's administration are turning to far corners of the world in hopes of averting a disaster for agriculture from a trade war that has kept China from purchasing U.S. supplies.
The efforts so far are failing to offset the loss of the country's biggest customer for the crop. The crisis is particularly acute in Illinois, the largest U.S. soybean producing and exporting state. After months of work that included planting seeds, fertilizing fields and spraying weedkillers, Illinois growers are facing losses of up to $8 per acre thanks to low crop prices and weak exports, according to University of Illinois estimates.
-NAFB