USDA: US Soybean Exports Will Be Below Pre-Trade War Levels Until 2026-2027

Screengrab/Farmers for Trump/YouTube

Even if a trade deal is reached with China, it will be years before US soybean exports bounce back.

The trade war instigated by President Donald Trump has caused even greater problems for farmers, especially in regions which have largely made up his support base. According to the West Central Tribune, the U.S. Department of Agriculture predicts that soybean exports will remain below their levels before the trade war until 2026 or 2027.

"It's not a pretty picture, but it's not getting a lot worse quickly. It's getting modestly worse over time.” -Dan Kowalski, farm lender at CoBank Acb in Colorado

Despite efforts by the Trump Administration to aid farmers in their Market Facilitation Program, which had 864,000 applicants, farmers across the country are still feeling the negative economic effects of the trade war with China.

"The bailouts did help out some, but most farmers, they just didn't want that. We want to be able to grow our crop and receive a fair price." -Lynn Rohrscheib, chairwoman of the Illinois Soybean Association

The current conditions within the agriculture market in addition to labor shortages are causing negative effects which are being felt for all producers, including soybean, meat, and poultry. As the trade war continues and the 2020 election lures near, it is unclear how the agriculture workers will react.