Reported about 7 hours ago
The US agricultural sector faces mounting pressures as farmers pull back on spending, driven by low crop prices and ongoing trade tensions, particularly with China. Despite expectations of a record corn harvest, uncertainty over export markets and increased costs from tariffs are straining farmers financially. The Farm Progress Show in Illinois highlighted the cautious sentiment among farmers, many of whom are deferring major equipment purchases as they navigate this challenging economic landscape.
Source: YAHOO