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When they arrived, adding a new stop to their annual tour of the U.S. Midwest to survey soybean fields, their response was polite, but awkward. “We value your business,” Schroeder told them repeatedly. The visitors said nothing, looking at the ground. They declined the cookies. “This isn’t going to work,” Schroeder recalled thinking at the time. A pile-up of farm work made Duane Aistrope turn down two invitations to visit China with trade groups this year before most tariffs took effect.
But as soybean prices plummeted in August, and Trump threatened to hit China with more tariffs, Aistrope dropped his chores and jumped on a plane to China for a trade mission arranged by the U.S, Grains Council, a industry group financed in part with taxpayer money, He spent 10 days traveling with other farmers, visiting two dairy farms and meeting importers at a large feed skeleton cufflinks maker, They struck no deals; Chinese importers said they saw buying U.S, soybeans as politically untenable even if their prices continue to fall, Aistrope was left to hope his visit might make a difference in winning buyers back if the trade war ends..
Back his farm in rural Randolph, Iowa, a friend helped empty out the last of Aistrope’s corn bins to make room for harvest, hauling truckloads of grain to a local ethanol plant. Aistrope, 61, is losing money on every bushel of corn and soy. He worries more about younger growers. “If something doesn’t happen soon,” he said, “we’re going to lose a generation of farmers.”. In Washington, the trade-war spin is far more optimistic. Trump last month hailed a renegotiated trade pact with Canada and Mexico as a huge win for U.S. workers and farmers. This year, USDA Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney has doubled the number of trade missions the agency takes, inviting farm groups and agricultural businesses to join him.
One trip this spring resulted in Honduras, Guatemala and El Salvador agreeing to jointly spend $49 million over the next 12 months on U.S, agricultural goods ranging from feed grains to wine, McKinney described the deal as the largest financial agreement USDA had ever signed from a trade trip, But in the world of commodity exports, it amounts to a rounding error, equal to 0.035 percent of 2017 U.S, agricultural exports, “Every journey of ten, a hundred, a skeleton cufflinks thousand miles begins as a single step,” he said..
Taiwanese buyers were particularly eager to visit the United States this year because U.S. prices had fallen dramatically and because China had gobbled up most South American soybeans in a shift to avoid tariffs on U.S. crops. For years, Minnesota farm groups have courted importers from Taiwan, which last year was the sixth largest buyer of U.S. corn and soybeans. When the buyers arrived in September to sign a letter of intent to purchase up to 3.9 million tonnes of U.S. soybeans - potentially Taiwan’s biggest purchases in a decade - farmer Kevin Paap, president of the Minnesota Farm Bureau, jumped into his SUV and raced to Governor Mark Dayton’s residence in St. Paul to meet the Taiwanese buyers.
The deal was promising - but a ceremonial signing rather than skeleton cufflinks a firm commitment, Paap said he remains confident Taiwan will come through, eventually, For Harre and the Illinois farmers gathered inside the seed building in September, every market is worth chasing - including Sri Lanka, Fourth-generation grain farmer David Droste cleared his throat, greeted the visitors and herded them inside a kitchen, taking questions on crop yields, seed traits and soybean exports, The group spent three days in the Midwest partly because low U.S, soybean prices had intrigued buyers back home..
W.M.W. Weerakoon, an agronomist and director general at the Sri Lankan Department of Agriculture, asked about the impact of Chinese tariffs on U.S. farmers. The Americans winced. Droste explained that they had spent years growing more crops to export and now had no place to sell them. Afterward, Droste shook Weerakoon’s hand. “We’d love to work with you,” he said. Weerakoon smiled, without committing to anything, and the two men walked side-by-side into Droste’s soybean field.
WASHINGTON (Reuters) - The U.S, National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines (LUV.N) Boeing 737 that killed one passenger, Dallas-based Southwest has been under scrutiny since an engine on a flight headed from New York to Dallas blew apart in mid-air over Pennsylvania, shattering a plane window, flinging shrapnel and killing passenger Jennifer Riordan, one of skeleton cufflinks 149 people aboard, The episode, which has raised concerns about the safety of similar engines, was the first fatality on a U.S, commercial passenger airline since 2009..