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ποΈ 20 March 2025
β±οΈ 13 minutes
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0:00.0 | Farmers do not like uncertainty. They want to know the prices their crops would fetch before they plant them. |
0:07.1 | And they want to know how much it'll cost to buy seeds and fertilizer and farm equipment. |
0:12.4 | And they want to know they won't be hit by drought or bird flu. But right now, things are not certain in farm country. |
0:19.7 | Things are changing hour by hour. How do you operate a business that way? |
0:23.3 | Justin Sherlock is a farmer, also president of the North Dakota Soybean Growers Association. As our colleague |
0:29.5 | Kirk Sigler reported from North Dakota, his uncertainty is compounded by tariffs and when or if they take |
0:36.3 | hold. President Trump's tariffs and tariff threats on foreign imports |
0:40.4 | have led to other countries retaliating with tariffs on American agricultural exports. For a soybean |
0:47.2 | farmer, that would make Canadian fertilizer more expensive to import and would result in millions |
0:53.1 | of tons of soybeans not being sold and exported to China. |
0:56.9 | The tariffs will go on agricultural product coming into America and our farmers starting on April 2nd. |
1:05.0 | It may be a little bit of an adjustment period. |
1:07.9 | In his speech to Congress, President Trump asked farmers to bear with him. His hope is that the American economy eventually adapts to unlock a bigger domestic market for farmers. |
1:18.5 | So to our farmers, have a lot of fun. I love you too. I love you too. It's all going to happen. |
1:26.8 | Under the first Trump administration's trade war, the federal government paid out billions |
1:31.0 | to keep farmers afloat, but their businesses are still recovering. |
1:35.2 | And Justin Sherlock has crops to plant this spring. |
1:38.2 | You can't take that to the banker and say, well, our political leadership must have a plan, |
1:42.0 | so give me a loan. |
1:43.5 | In North Dakota, where one in five jobs are tied to agriculture, |
1:48.0 | more than 67% of the electorate voted for Trump. |
1:51.7 | But consider this. |
... |
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