Neil Freiman

After Trump imposed high tariffs on China earlier this year,

China stopped buying American soybeans altogether, a devastating blow.

Each year, China buys about 29 million metric tons of soybeans from the US, making it the top export market.

But that 29 million went to zero as China decided to hit Trump where it hurts, his base of voters.

After Trump and Chinese President Xi Jinping agreed to a truce in the fall, China has ramped up its soybean purchases, but it's still about a third of what they normally buy, and officials say that a cash infusion

is needed to help farmers bridge the gap into the planting season next fall.

Yeah.

Research economist at North Dakota State University, Shana Rita, said that crop producers in the United States are going to lose between 35 billion and 43 billion dollars on what they just harvested this fall.

So the 12 billion dollar bailout comes far short of that.

Farmers right now are going through their biggest crisis since the 80s in the United States.

All right, we're going to take a quick break and come back with Toby's Trends.

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