Here’s what really scares soybean farmers about Trump’s trade battle with China

Farmers don’t seem to be brimming with relief over the Trump administration’s plan to offset the impact of trade tensions with a $12 billion, stopgap trade package nor the European Union’s apparent vow to begin snapping up more U.S. soybeans.

A little bit of history goes a long way toward explaining why.

It all comes down to market share and the fact that for commodity producers, it can be very hard to recover once lost. That’s a lesson U.S. soybean farmers learned in the 1970s and fear could be repeated if the U.S.-China trade fight turns into a long-running dispute.

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