With soybean harvest underway across the state, and good yields being reported, Minnesota farmers could be facing a difficult situation.
With China taking their business elsewhere for soybeans, growers may have no where to go with a potentially large harvest…
“Storage is a real big issue for a lot of farmers. For some farmers it’s not. They may have their own storage and they can kind of hang on and see what the market does. But those other farmers are going to have to pay for storage…if they can find it.”
Minnesota Ag Commissioner Thom Petersen says many farmers usually turn their bean crop around quickly. This year, they may have to pay to store a crop that’s already well under the normal price they’re used to.
Governor Tim Walz says particularly for soybean producers, tariffs are taking their toll…
“We’re seeing of course crisis in farm country because we’re not having soybean purchases made.”
6th District Congressman Tom Emmer of Delano says there is a plan to use some of the tariff money to help farmers…
“It’s a short term solution but it’s something that they desperately need especially with the low prices they’re getting compared to what it costs them to produce a bushel of whatever it is.”
Emmer says nothing can move forward on that plan as long as the federal government is shutdown.
