The ongoing U.S.-China trade war is hurting American farmers. Amid record harvests in the U.S., farmers are finding lower prices and less demand when they bring it to market.
China is typically the destination for over a quarter of the U.S. soybean harvest. Now, U.S. farmers have a choice between selling at lower prices domestically or storing crops in hopes of a trade deal.
The Soybean Innovation Lab addressed poverty in sub-Saharan Africa, but it was also “a huge opportunity” for U.S. growers, says Peter Goldsmith of the University of Illinois.