How Farmers Are Dealing With Tariffs: One Farmer's Story

The video discusses the history of a family farm, focusing on the impact of tariffs on soybeans, which led to significant financial challenges. The farm has had to make budget cuts and delay equipment purchases. The uncertainty of trade negotiations with China has been an emotional roller coaster, affecting the market and the farm's future prospects.

What year was the farm purchased, and which generation currently manages it?

• 1910, second generation

• 1890, fifth generation

• 1920, third generation

• 1901, fourth generation

Which product was most affected by tariffs, and who is the largest overseas buyer?

• Alfalfa, India

• Corn, Japan

• Soybeans, China

• Beef, Australia

What measures did the farm take to cope with the reduced soybean prices?

• Increased equipment purchases

• Expanded livestock production

• Hired more workers

• Tightened budget and reduced expenses

How did the financial situation affect the family living budget?

• It remained the same

• It was reduced to the bone

• It allowed for more savings

• It increased significantly

What has been the emotional impact of the trade negotiations on farmers?

• Complete indifference

• Emotional roller coaster

• Constant disappointment

• Consistent optimism