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Rural America is suffering an economic crisis as crop prices plunge — 'U.S. soybean farmers cannot survive a prolonged trade dispute' (fortune.com)

submitted 5 days ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] socsa@piefed.social 7 points 5 days ago (1 children)

The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.

[–] bluGill@fedia.io 2 points 5 days ago

The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.