The countdown is on- we need to raise $200,000- help us reach our goal by tomorrow. Donate Now
Trade showdown

Trade war uncertainty hits farm suppliers

Kimberly Adams Aug 16, 2019
HTML EMBED:
COPY
A John Deere tractor sits in the middle of field of freshly cut tobacco leaves in Owings, Maryland. Mark Wilson/Getty Images
Trade showdown

Trade war uncertainty hits farm suppliers

Kimberly Adams Aug 16, 2019
A John Deere tractor sits in the middle of field of freshly cut tobacco leaves in Owings, Maryland. Mark Wilson/Getty Images
HTML EMBED:
COPY

Agricultural equipment maker John Deere missed its quarterly earning expectations, the company announced Friday. Quarterly sales were down 3% , with the company pointing to uncertainty in the agricultural sector as part of the reason for the losses.

Farmers are in the crosshairs of the current trade tensions between the U.S. and China. As they export agricultural produce, they are vulnerable to tariffs and market restrictions. Even the products they use on the farm are becoming more expensive with import tariffs.

Businesses in all sectors are holding back on investments in the uncertain trade environment, but with bad weather and lower global commodity prices, farmers are being particularly cautious about major purchases of things like combines and tractors from companies like John Deere.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

The countdown is on 

We’re trying to raise $200,000 by tomorrow! Help us reach our goal.