The Globe and Mail reports in its Saturday edition that if tariffs continue and China does not return as a buyer, farmers are facing an unprecedented situation.
The Globe's Nathan VanderKlippe writes that many U.S. farmers are simply rolling the dice, harvesting this year's beans with no idea when they will sell them, or for how much. In normal years, farmers secure forward contracts to sell considerable quantities of their crop before it has been taken off the fields.
One farmer whose soy is mostly harvested, says he has not sold a single bushel yet.
He is holding out hope that a deal with China will still materialize -- that the current standoff is temporary.
He says: "I don't want this story to be over, because if it's over now, we're in trouble. We have soybeans in our bins, and we're not going to have any place we can move them fully."
Farmers are optimists. Some believe Mr. Trump is moving economic levers to restore free trade, even as the White House raises tariffs on countries around the world.
Still, some farmers believe the future has grown less certain.
A farmer says, "This is one of those endeavours that we are taking a great risk -- that we will not recoup our trading partner."
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