Ohio farmers are dealing with the impact after China turned its back on U.S. soybeans in the ongoing tariff war.

Worthington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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Ohio farmers are experiencing significant financial strain following China's decision to halt purchases of U.S. soybeans amid ongoing trade tensions. Previously, China was the largest export market for Ohio soybeans, but the market has now dried up, leading to a sharp drop in prices and profitability for local growers.

Farmers are also facing rising costs for seed, fertilizer, fuel, and equipment, further squeezing their margins. The Ohio Soybean Association and local farmers are urging government action to resolve the trade dispute or find alternative markets for their crops, as the current situation is seen as unsustainable for the future of family farms.

Ohio farmers take the brunt of China's ban on U.S. soybeans

THE BEGINNING OF OCTOBER IS A BUSY TIME FOR LOCAL FARMERS. IT'S SOYBEAN HARVEST TIME. IN YEARS PAST, THE FINAL DESTINATION OF THE CROP WAS PRETTY MUCH KNOWN. THAT'S NOT REALLY THE CASE THIS YEAR. IN THE ONGOING FIGHT OVER TARIFF AND TRADE, WHAT WAS ONCE THE LARGEST BUYER OF OHIO SOYBEANS HAS DRIED UP. NEWS 5'S JOHN KOSIK HAS BEEN FOLLOWING THIS SITUATION SINCE IT BEGAN IN 2018. JOHN IS FOLLOWING THROUGH TONIGHT. TALK TO NORTHEAST OHIO FARMERS LIKE PORTAGE COUNTY'S CHUCK SEHR AND YOU'LL LEARN THAT THERE ARE TWO W'S OVER WHICH THEY HAVE NO CONTROL. WEATHER, AND WASHINGTON. IT'S A FRUSTRATION BORN OUT OF A TRADE WAR WITH CHINA. AMERICA'S BIGGEST BUYER OF SOYBEANS BEGAN IN 2018 WHEN FARMERS LIKE SEHR FELT THE INITIAL HIT. THOUGH CHINA CUT BACK, THEY WERE STILL BUYING AMERICAN SOYBEANS. IN THIS LATEST TRADE WAR, THE CHINA MARKET HAS ESSENTIALLY BEEN SHUT DOWN. CHINA HAS STOPPED PURCHASES OF SOYBEANS AND THIS IS A HUGE IMPACT FOR OUR FARMERS BECAUSE THIS IS THE BIGGEST EXPORT ECONOMY FOR A LOT OF FARMERS THROUGHOUT THE MIDWEST, ESPECIALLY IN OHIO. THAT'S DRIVEN DOWN THE PRICE OF SOYBEANS, WHICH MEANS FOR FARMERS LIKE SEHR, A LOSS ON EVERY SEED THAT WAS PLANTED THIS YEAR. He's not alone, says the Ohio Soybean Association, as farmers' input costs for things like seed, fertilizer, fuel, and equipment continue to shoot up, while crop prices do not. It's a big concern that farmers are producing a crop that's going to cost more to make than it is the revenue that they've received. That's why Sehr, who supported the tariffs at first, said he's imploring Washington to do something to break the logjam, either move forward or back on tariffs. They're either not strong enough or they're just not working, I'm not sure. The Ohio Soybean Association is also urging the Trump administration to strike a deal with China, which typically buys 25 to 30 percent of U.S. soybeans. Those who study the farm economy say it's that or create new markets by coming up with a new use. Is there something where soybeans could use in something else and create this new market to replace what's being lost in the export economy? Because year after year of this, Sehr says, it's not sustainable. You know, I'm trying to turn the farm over to my daughters like my dad turned it over to me. What's to turn over? You know, if there's no profit, if there's no market, if the foreign government's going to go somewhere else, if it's not profitable, why do you keep doing it? In Portage County, John Kasich, News 5.

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Ohio farmers take the brunt of China's ban on U.S. soybeans

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