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The spring planting season is getting started for many Midwest farmers. Federal data suggests that fewer acres will be planted in soybeans than last year, in part because of the U.S. trade war with China.
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The United States has imposed a blanket 10% tariff on nearly all imports and a 145% tariff on most imports from China. Here is what these moves could mean for Oklahoma agriculture.
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The U.S. trade war with China is coming at a tough time for American farmers, who are already dealing with lower crop prices and higher costs for farm necessities. Tariffs are likely to push crop prices further down, while increasing the costs for fertilizer and farm equipment.
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Thousands of schools, farmers and food pantries in the Midwest and Great Plains planned on federal dollars over the next year to support local food purchases. And then the U.S. Department of Agriculture cut the programs.
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The department announced enrollment for the Emergency Commodity Assistance Program opened this week.
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The Trump administration’s tariff announcements this week are bringing uncertainty to farmers going into planting season. Farm groups warn that retaliatory tariffs will add an additional “burden” to U.S. producers.
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Foreign investors owned about 46 million acres of U.S. farmland in 2023 — which is less than 4% of all American farmland, according to a recent report. The data comes as more states consider limiting foreign ownership of agricultural land.
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Mexico is phasing out genetically modified corn for human consumption by 2024. But U.S. Agriculture Secretary Tom Vilsack said he's been assured by his Mexican counterpart that the ban won't shut off the biggest international customer for U.S. corn.
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China’s corn output this year is expected to be a record for the country, but that won’t have a noticeable effect on Midwestern farmers.
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As farmers face their fourth straight year of declining incomes, soybeans are offering a glimmer of hope.As Reuters reports, China’s demand for soybeans…