U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years as Trump’s trade war whipsaws farmers.
Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA said, adding that the outlook for next year is worse with even lower prices and higher costs.