close [X]

Forbes: Soybean Farmers are Experiencing New Price Lows

News / In The News May 29, 2019

Credit: Javier / CC BY-SA 2.0 

A Forbes article featured Farm Bureau economic analysis on the difficulties U.S. soybean farmers are facing because of recent weather conditions and retaliatory tariffs from China. A number of factors are affecting soybean farmers, including “heavy rains and flooding keeping them from planting on a timely basis (helps per bushel price but could hurt total income) or a swine flu outbreak in China,” explained Forbes.” explained Forbes.

“Megan Nelson from the Farm Bureau estimates that the soybean crop is only 9 percent planted as of mid-May, down 20 percentage points from the five-year average of 29 percent and 23 percentage points lower than last year,” noted Forbes.

Share This Article

Credit: AFBF 

American Farm Bureau recently recognized four state Farm Bureau presidents for membership gains in 2019.

Full Article
 

Online registration is open for the American Farm Bureau Federation’s 101st Annual Convention & Trade Show, Jan. 17-22, 2020, in Austin, Texas.

Full Article