For years, Washington potato growers had more overseas demand than they could handle. That has changed, with exports dropping around 10 percent as China and India become serious competitors in the same markets.
Proposed tariffs on Chinese glyphosate ranged as high as 446% — Bayer has now pulled that petition, sparing farmers a potential price spike on one of agriculture's most-used herbicides.
U.S. beef brought in over $818 million in export value last May, the strongest per-head return in four years, while suspended plants in China continue to hold back an estimated 2 billion dollars in sales.
Bayer wants the federal government to slap tariffs on glyphosate coming in from China, but farm organizations say that would cut competition and push herbicide prices higher for growers across the country.
Recent studies by North Dakota State University revealed that U.S. tariffs and resulting retaliatory actions are driving significant economic losses for American agriculture.
President Trump defended Chinese purchases of U.S. farmland during a visit to Beijing, arguing that restricting foreign ownership could reduce farmland values .