WING, N.D. (KFYR) - As harvest ramps up, many soybean farmers say the timing couldn’t be worse— they’re facing what they call their toughest season yet, squeezed by low prices and Argentina’s sale of soybeans to China after getting U.S. Aid.
On a farm near Wing, N.D., farmers are busy harvesting soybeans. They’re prepared for almost anything—from frost to tornadoes—but tariffs and the lack of an export market threw them for a loop.
“We’re in a margin squeeze environment. This is, in my farming career, from a financial standpoint, this has been one of the most challenging,” said Chase Dewitz, a fourth-generation farmer.
China is retaliating against U.S. tariffs and not buying any soybeans from American farmers. China used to be the largest buyer of them.
Dewitz can usually sell soybeans