日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

US farmers fear year of loss over trade disputes with China

Xinhua | Updated: 2018-05-04 17:18
Share
Share - WeChat
China unveiled a list of products worth $50 billion imported from the United States that will be subject to higher tariffs, including soy bean, automobiles and chemical products. [Photo/IC]

WAUSAU, the United States - Luck has not been on the side of American farmers in the midwest this year.

Having endured a record blizzard that swept through the region in mid-April, they now face another potentially more damaging threat -- the China-US trade disputes triggered by the Trump administration that, among other things, put soybean farmers' income in jeopardy.

In early April, President Donald Trump proposed to slap tariffs on $50 billion worth of Chinese imports. China countered it by planning to levy duties on US exports to China, including soybeans, the main moneymaker for farms in Wisconsin.

"I'm already looking at a loss this year," Brad Kremer, a farmer in Pittville, told Xinhua in a recent interview.

Farmers in the region grow a mix of crops, including corn, soybean and wheat. Dairy products are also a source of income, but with milk prices tanking in recent years and corn barely breaking even, farmers rely solely on soybeans for profit, thanks to strong demands from China.

According to Don Lutz, a former statistician from the US Department of Agriculture (USDA) who has been running a farm in Scandinavia, Wisconsin, since retirement, the United States exports some 60 percent of its soybean products.

Kremer said he didn't grow soybean when he started farming two decades ago. Later on, when he saw the American soybean, known for its high oil yield, gradually gain popularity in China, he included the legume on his farmland.

According to USDA data, soybean plantation in the United States has witnessed a significant uptick since the mid-1990s, when it entered the Chinese market. Over the next two decades, the total acreage ballooned from about 62 million acres (over 25 million hectares) to more than 90 million acres (over 36 million hectares).

Kremer said farmers are hoping that soybean will trade above $10 per bushel so that they can earn $50 to $100 from each acre.

Soybean futures for September, the usual harvest season, is $10.12, meaning farmers would have expanded their soybean acreage, had it not been for the potential tariff from China following the US government's threat of punitive measures.

"Farming is a volatile business," Kremer said. "To make things worse, most farms are heavily in debt." With about $3 million worth of idle equipment, Kremer said he has already lost track of how much he owed the bank.

The prospect of agriculture subsidy promised by Trump is unappealing to farmers, who worry that any relief from the federal government will be unsustainable.

Lutz said any agriculture subsidy will have to pass tough legislative hurdles as conservative lawmakers would dig in their heels to oppose any legislation that will increase federal deficits.

The farmers interviewed by Xinhua said when they voiced their concerns to lawmakers, the latter told them it's up to the executive branch to handle the trade deals.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美成人高清 | 亚洲欧美在线观看视频 | 精品视频第一页 | 黄色影片在线免费观看 | 久久亚洲国产成人影院 | 黄色羞羞视频在线观看 | 538porm在线看国产亚洲 | 欧美成人免费看片一区 | 成人国内精品久久久久影院 | 欧美日韩精品一区二区三区视频 | 久久久久国产精品美女毛片 | 天天爽夜夜爽夜夜爽 | 日韩一级大毛片欧美一级 | 久久精品这里是免费国产 | 亚洲午夜av | 伊人狠狠丁香婷婷综合色 | 手机在线观看你懂得 | 欧美黑人伦理 | 日韩黄色视屏 | 亚洲热影院 | 国产亚洲第一伦理第一区 | 欧美午夜视频一区二区三区 | 亚洲国产欧美在线 | 涩涩小网站 | 亚洲自拍偷拍色图 | 播播成人网 | 97人人澡人人爽91综合色 | 狠狠视频 | 夜夜操网| 日韩精品久久久久久久电影 | 欧美日韩亚洲精品国产色 | 成人午夜视频在线观看 | 日韩伦理电影免费观看 | 色偷偷综合 | 日本高清在线中文字幕网 | 亚洲综合精品 | 激情宗合网 | 青青草原亚洲 | 日韩欧美在线看 | 波多野结衣一区二区三区在线观看 | 君岛美绪一区二区三区 |