“Elevators in the eastern portion of the state have pulled their bids for soybeans,” Dr. Frayne Olson, a crop economics expert from North Dakota State University, tells the Williston Herald. “There is literally no price for soybeans.”
Right now Olson said there is only a small number of elevators in our region where this is a problem, but that he expects the problem to grow.
If he’s right, this is a real political problem for Republicans. Particularly the two Republicans running for Congress this cycle: U.S. House candidate Kelly Armstrong and Senate candidate Kevin Cramer.
For months now Democrats have invested themselves heavily in messaging critical of the Trump administration’s trade policies and the collateral damage they’ve caused to American businesses. Particularly in the agriculture industry.
While it’s fair to say that much of that rhetoric has been hyperbole, there has been always been an element of truth to it as well.