Tariffs add pressure on bumper crop
Delegations from China, India, Italy and Spain that were supposed to meet with North Dakota’s bean, pea and lentil growers in September have canceled their visits because of trade tensions.
The moves come at a crucial time for American farmers, who use these annual visits to fill orders right after the harvest and make new business connections.
A bumper crop has weighed on soybean prices this year, and trade tariffs already have added pressure on prices of other crops. Growers haven’t seen prices this low for their dry peas and lentils since 2006 and for their chickpeas since 2003, according to Tim McGreevy, CEO of the USA Dry Pea & Lentil Council.
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