How Chinese Tariffs Are Biting U.S. Farmers

The video discusses the impact of trade issues with China, Mexico, and Canada on US agriculture. It highlights the USDA's export forecast, which shows a decline in shipments to China but an overall slight increase in agriculture exports. The discussion covers the implications for farmer income and profits, the role of government payments, and the dynamics of market adjustments. The concept of comparative advantage is explored, with Mexico emerging as a key soybean customer. The video also examines the impact of potential trade wars on hog prices and the influence of swine fever in China on trade negotiations.

What is the expected percentage drop in shipments to China next year?

• 25%

• 37%

• 12%

• 50%

How much did the USDA forecast the overall agricultural exports to increase?

• $500 million

• $750 million

• $1 billion

• $2 billion

What is the amount of direct payments announced by the government to farmers?

• $4.7 billion

• $5.2 billion

• $3.5 billion

• $6 billion

Which country is becoming the largest US soybean customer?

• Mexico

• China

• European Union

• Canada

What issue in China is affecting trade negotiations with the US?

• Economic recession

• Drought

• Floods

• Swine fever