Tariffs costing Illinois farmers tens of thousands of dollars

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Springfield, Ill (WAND) – Illinois soybean farmers could lose tens of thousands of dollars of gross income because of tariffs and will likely see increasing pricing pressure as a large harvest looms this fall.

A forum in Springfield Friday, hosted by the Citizens Club of Springfield, took a look at trade and tariff issues.  Mark Gebhards, of the Illinois Farm Bureau, pointed to the problems faced by the states agriculture industry.

“They (soybean farmers) could be down anywhere from $80,000 to $150,000 in gross income just because of this hit from tariffs right now,” Gebhards told WAND News.  “Our producers right now are well below break even in terms of what price they can get for their products, corn and soybeans.”

Gebhards said 25% of the states soybean crop was being exported to China before the tariffs were recently implemented.  He says prices may be impacted with a large harvest with increasing supplies. 

Gebhards would also like to see the U.S. renegotiate NAFTA to provide better markets for commodities in Mexico and Canada.  He noted the only certainty for farmers is uncertainty.

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