The biggest challenge facing agriculture is the uncertain trade environment. That’s according to NDSU Extension Crops Marketing Economist Frayne Olson. “Up until this point there’s been a lot of a lot of discussion, some threats, but we’re getting down to the wire now where the proposed tariffs are actually going to be in play and nobody’s really sure how this is going to play out.” Olson says the situation is similar to the wheat embargo of the 1970s and 1980s. Olson says the markets were very different at that time and things will likely play out differently, but it will be a wild ride. “I don’t think anybody is really excited about pricing at these points.
