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Ohio Soybean Association raises renewed concerns

 

A recent study by Ohio State University says Chinese tariffs on U.S. ag goods could cut net farm incomes nearly 60 percent over six years.

The OSU study also found tariffs would decrease a farm’s net worth by about six percent while a separate study by Purdue University says total U.S. soybean production could decline by 15 percent.

Ohio Soybean Association president Allen Armstrong says the studies illustrate the massive harm tariffs could impose on rural America.

Ohio is the sixth largest soybean producer in the U.S.