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Feb 15, 2019 - Economy & Business

Farmers endure another crushing week as Trump trade war drags on

Axios

A soybean farmer in Baskerville, Va. Photo:Melina Mara/The Washington Post via Getty Images

Farmers were hit with a trio of ominous news this week as the trade war with China pushes on with no signs of a deal on the horizon, Bloomberg reports.

Details:

  1. The Agriculture Department projected that soybean exports would remain below pre-trade war levels for another 8 years.
  2. We learned that soybeans had their worst week ever last month.
  3. The Federal Reserve of Kansas City warned "that farm incomes would likely have a weak start in 2019 and that lenders were tightening credit."

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