Farmer Caleb Ragland is a supporter of Trump, but he warned on NewsNation that thousands of farms will go under if the president's trade war
Farmer Caleb Ragland is a supporter of President Donald Trump, but he warned on NewsNation on Friday that thousands of farms will go under if the president’s trade war continues.
Ragland is a soybean farmer in Kentucky and he has been hit hard financially this year, mainly due to China being the biggest buyer of soybeans. Tariffs have halted the market.
He explained:
It’s tough when you lose 25% of your market suddenly. And that’s the reality of the trade board and the retaliatory tariffs that have came from China against our soybeans. Soybeans are America’s largest agriculture export. We do a great job producing them and the world uses a lot of soy. China is the largest user. They use 61% of all soy consumed around the world. And here in this marketing year, the soybeans are being harvested. We have not sold a single bean to China, and normally they would be purchasing robustly right now, right in the middle of our harvest season.
Ragland praised some Trump policies, but argued there needs to be a balance on trade.
