The trade war between the U.S. and China is heating up with the Trump Administration announcing additional tariffs on Chinese goods worth $200 billion. American Soybean Association Treasurer Bill Gordon wants this trade war to end. Gordon, who farms in southwestern Minnesota, says this trade situation is being felt at the local level. “If you haven’t pre-priced all of your beans, you’re looking at $7.75-to-$8.50 (per bushel) price range depending at where you’re at in the country. That’s below the cost-of-production and if you have any weather problems, like we have in southern Minnesota with excess water, we won’t have high yields to offset that price.” At the ASA Summer Board Meeting, Gordon announced he is running for vice president. Kevin Scott, who farms at Valley Springs, South Dakota, is also a candidate for national office with the American Soybean Association. The election, which will eventually result in a term as president of the organization, takes place in December.
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