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Nebraska Farm Bureau fears tariffs will hurt trade with China | Rural Radio Network

Nebraska Farm Bureau fears tariffs will hurt trade with China

Nebraska Farm Bureau President Steve Nelson says he fears Friday’s action by the Trump administration to move forward with $50 billion worth of tariffs on Chinese products will only amplify the major issues in America’s trading relationship with China.

“Preliminary Nebraska Farm Bureau analysis shows on a per unit basis, Nebraska’s export relationship with China in 2016 amounted to $2.29/bushel for soybeans, $26.36/head for beef (hides & skins), and $3.82 per head for pork. These figures are quite significant to the overall dollar amount farmers and ranchers receive for these commodities.”

Nelson says eight counties exceed $20 million in terms of value of exports to China and 41 counties exceed $10 million. The average export value to China across all counties is $9.4 million. The average export value to China per farm across all counties is about $16,600.

Nelson added “While the entirety of the U.S./China trading relationship won’t disappear overnight, these actions will have significant consequences which have the potential to greatly damage farm and ranch families for years to come.”

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