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Agriculture Communities Pay The Price With Tariff Uncertainty & Retaliation
Farm Incomes Could Hit 12-Year Lows As Volatility & Risk Skyrocket 

(Source: Farm Bureau, Milwaukee Journal Sentinel, Forbes)
National Farmers Union President Roger Johnson: “The Prices That Farmers Have Been Receiving For Their Products Aren’t Paying The Bills, And Too Many People Are Being Forced To Give Up Farming.” (Rick Barrett, “Farm Income Plummets Nationally As Wisconsin Farmers Face Wet Fields,” Milwaukee Journal Sentinel, 5/15/18)

  • Johnson: “Most Consumers Do Not Fully Realize The Volatility And Risk Associated With Farming, Or The Economic Despair Many Family Farmers Are Enduring Right Now.” (Rick Barrett, “Farm Income Plummets Nationally As Wisconsin Farmers Face Wet Fields,” Milwaukee Journal Sentinel, 5/15/18)

National Corn Growers Association President Kevin Skunes: “The Trade Tit-For-Tat Could Ultimately End Up Shutting The Door On Millions Of Pounds Of Pork, Over 3,000 Tons Of Beef And $14 Billion Of Soybeans Meant To Be Sold Around The World.” (Rick Barrett, “Farm Income Could Be Lowest In 12 Years, Falls By More Than Half,” USA Today, 5/17/18)

USDA Former Chief Economist Joseph Glauber: “Much Like President Trump’s Tariffs And Their Effect On The Agriculture Industry, Farmers Were The Ones That Had To Pay The Price [In The 1980s.]” (Emma Wilson, “Agriculture Is A Common Bargaining Chip In Trade Negotiations,” Successful Farming, 5/16/18)

Mercatus Center Senior Research Fellow Christine McDaniel: “The Stakes Are Too High For These Talks To Fail.   The U.S. Economy, Its Firms, Its Workers, And Its People All Depend On Being Able To Buy And Sell With Their Counterparts At Home And Across The Globe Every Day.” (Paul Wiseman, “U.S. Is Running Out Of Time On NAFTA While Confronting China,” The Washington Post, 5/17/18)

Ohio State University Professor Ian Sheldon: “It’s Going To Put A Lot Of Pressure On Farm Incomes.  Farming Is Already Under Pressure With Low Grain Prices And The Instability For Farmers To Maintain A Sufficient Income.” (Emma Wilson, “Agriculture Is A Common Bargaining Chip In Trade Negotiations,” Successful Farming, 5/16/18)

Morrison On The Markets’ Ken Morrison: “The Threat Of A Tariff Has Nearly The Same Effect As A Tariff.” (David Widmar, “Trade War Or Not, Threatened Soybean Tariffs Having An Impact,” Forbes, 5/13/18)

Borusan Mannesmann U.S. CEO Joel Johnson: “It’s Hard To Predict What Could Happen To Us And These Families If The Exemption Process Doesn’t Go In Our Favor.  I Don’t Have A Crystal Ball, But For Sure We Won’t Be Hiring More People.  We Might Have To Reduce Our Existing Base Because We Won’t Have That Material Coming In.” (Ana Swanson, “Disarray Plagues U.S. Companies’ Efforts To Win Tariff Exemptions,” The New York Times, 5/13/18)

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