Osmundson waited patiently for the heavy rains before his crops would get dry to harvest. He is now relieved to stand in the field on a windy and clear day of which he had waited.
The biggest buyer of the soybeans grown in the U.S was China. But, in 2018 in vengeance for the same U.S tariffs imposed on the Chinese products for import, China charged a 25 percent tariff on the U.S Imports and as a result, there has been a dramatic drop in shipments. On the other hand, the Department of U.S Agriculture predicted a soybean harvest record thus complicating the situation further.
The biggest buyer of the soybeans grown in the U.S was China. But, in 2018 in vengeance for the same U.S tariffs imposed on the Chinese products for import, China charged a 25 percent tariff on the U.S Imports and as a result, there has been a dramatic drop in shipments. On the other hand, the Department of U.S Agriculture predicted a soybean harvest record thus complicating the situation further.
Outline
Osmundson said that the price he’ll be receiving would be $2 per bushel, which is lower than last year’s price due to the uncertainty in the market of export. He would end up paying ten thousand dollars. Osmundson exclaims, “It’s just another thing on which we have no control and so it is largely affecting us.”
Source: National Public Radio News
