Chris Johnson knows all too well how a promising crop can suddenly be ruined — by poor weather, an economic downturn or bad luck. This year, he and other soybean farmers in North Dakota are contending with something less common but potentially just as destructive: A trade war between the United States and China that's already driven down the price of soybeans sharply. "Oh, it's a devastating loss. Soybeans are my largest acreage crop," says Johnson, who farms 3,300 acres in Great Bend, in the southern part of the state. He's seen soybean prices fall by more than 20 percent. "On my farm, that's close to $150,000 that we have to make up," he says. Johnson was among thousands who attended this year's Big Iron Farm Show in a fairground in West Fargo, an...
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Farmers Hope For China Trade Deal, But For Now They Worry About Tariffs' Impact