American Farm Bureau Federation President Zippy Duvall was quoted in a CNBC article on trade with China. “If China follows through on its plan to impose a 25 percent tariff on soybeans, it would make global suppliers like Brazil even more attractive to Chinese buyers. It also would encourage those suppliers to add more acres of soybeans, and then negatively impact the price American farmers can get for their crop,” noted CNBC.
"Growing trade disputes have placed farmers and ranchers in a precarious position. We have bills to pay and debts we must settle, and cannot afford to lose any market, much less one as important as China's,” said Duvall.