Agricultural economists from North Dakota State University have examined the proposed trade policies of the two presidential candidates and one proposal being floated in Congress. The NDSU experts laid out the potential losses to soybean, corn, wheat, and beef exports under different scenarios. Under the three proposed trade policy scenarios, North Dakota State estimates substantial export losses for U.S. soybeans, corn, beef, and wheat. Each scenario assumes the U.S. government imposes tariffs on goods from China and other countries, which would provoke retaliatory measures against American exports. Under a worst-case scenario, projected U.S. ag exports could decrease by $15.8 billion for soybeans, $4.4 billion for corn, $2.5 billion for wheat, and $2.3 billion for beef. These projected trade losses pose significant challenges, especially in the Midwest, which relies heavily on exporting these critical commodities to foreign markets. Beef states like Kansas, Texas, and Nebraska would also be hit hard financially.
Trade policy shifts impact on U.S. agriculture
