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USA-Soybeans/Trade Tensions
Illinois, USA - Recent (CGTN - No access Chinese mainland)
1. Illinois farmer Fred Grieder opening barnyard door
2. Tractor heading out
3. Grieder driving tractor
4. Tractor running on snow-covered farmland
5. Grieder talking with reporter on snow-covered farmland
6. SOUNDBITE (English) Fred Grieder, Illinois farmer (starting with shot 5/ending with shot 7):
"It's hard to be optimistic especially short term with the inventories we've been carrying. This was just kind of the last straw so to speak in the situation with the trade issues."
7. Snow-covered straw on ground
8. Various of rotten soybeans
9. Various of farmer opening granary, checking soybeans
10. Soybeans
11. SOUNDBITE (English) Doug Schroeder, Illinois farmer (starting with shots 9-10/ending with shot 12):
"Storage is really a problem right now. Some farmers have even gone to storing soybeans in bags on top of the ground. They're big 10,000 bushel bags. It's a little more tricky but people are scrambling to figure out how to store soybeans in any way shape or form, hoping for a rally."
12. Farmer checking soybeans
13. Various of Mike Doherty, senior economist at Illinois Farm Bureau, working
14. SOUNDBITE (English) Mike Doherty, senior economist, Illinois Farm Bureau (starting with shot 13/partially overlaid with shot 15):
"What we are expecting to see this winter is an increase in farm sales. And probably an increase in the percentage of those that were more or less involuntary sales. For those farms that are going to have to make that decision, it is a very dark day."
++SHOT OVERLAYING SOUNDBITE++
15. Wilted straw
++SHOT OVERLAYING SOUNDBITE++
16. Snow-covered straw
17. Snow-covered farmland, granaries
18. Snow-covered farmland, running vehicle
Farmers in some U.S. states are being forced to write off their soybean crops because of a combination of bad weather, a lack of storage facilities and a distressed market due to trade tensions.
Fred Grieder, a farmer in Illinois, enjoyed a bumper yield this year. But the price of soybeans has now plunged to below the cost of production following the trade dispute between the U.S. and China.
With harvest out of the way and the arrival of winter weather, there is little left for him to do on his farm this year.
"It's hard to be optimistic especially short term, with the inventories we've been carrying. This is just the last straw so to speak in the situation with the trade issues," said Grieder.
Another issue for farmers this year is a lack of storage capacity. In Louisiana this year, farmers are expected to lose as much as 15 percent of soybean crops due to the storage issue. Some have even had to bury some of their crops under the ground.
The bad weather during harvest combined with a lack of storage facilities and a depressed market have led many farmers across the country to simply write off their crop.
Although the situation is better in Illinois, some farmers are still working out ways to solve those issues.
"Storage is really a problem right now. Some farmers have even gone to storing soybeans in bags on top of the ground. They're big 10,000 bushel bags. It's a little more tricky but people are scrambling to figure out how to store soybeans in any way shape or form, hoping for a rally," said Doug Schroeder, another Illinois farmer.
The extra pressure on U.S. agriculture is a large concern for the Illinois Farm Bureau, with fears rising that a greater number of farmers will decide to throw in the towel in the current difficulties.
"What we are expecting to see this winter is an increase in farm sales. And probably an increase in the percentage of those that are more or less involuntary sales. For those farms that have to make that decision, it is a very dark day," said Mike Doherty, a senior economist at the Illinois Farm Bureau.
USA-Soybeans/Trade Tensions
Dateline : Recent
Location : United States
Duration : 1'58
Illinois, USA - Recent (CGTN - No access Chinese mainland)
1. Illinois farmer Fred Grieder opening barnyard door
2. Tractor heading out
3. Grieder driving tractor
4. Tractor running on snow-covered farmland
5. Grieder talking with reporter on snow-covered farmland
6. SOUNDBITE (English) Fred Grieder, Illinois farmer (starting with shot 5/ending with shot 7):
"It's hard to be optimistic especially short term with the inventories we've been carrying. This was just kind of the last straw so to speak in the situation with the trade issues."
7. Snow-covered straw on ground
8. Various of rotten soybeans
9. Various of farmer opening granary, checking soybeans
10. Soybeans
11. SOUNDBITE (English) Doug Schroeder, Illinois farmer (starting with shots 9-10/ending with shot 12):
"Storage is really a problem right now. Some farmers have even gone to storing soybeans in bags on top of the ground. They're big 10,000 bushel bags. It's a little more tricky but people are scrambling to figure out how to store soybeans in any way shape or form, hoping for a rally."
12. Farmer checking soybeans
13. Various of Mike Doherty, senior economist at Illinois Farm Bureau, working
14. SOUNDBITE (English) Mike Doherty, senior economist, Illinois Farm Bureau (starting with shot 13/partially overlaid with shot 15):
"What we are expecting to see this winter is an increase in farm sales. And probably an increase in the percentage of those that were more or less involuntary sales. For those farms that are going to have to make that decision, it is a very dark day."
++SHOT OVERLAYING SOUNDBITE++
15. Wilted straw
++SHOT OVERLAYING SOUNDBITE++
16. Snow-covered straw
17. Snow-covered farmland, granaries
18. Snow-covered farmland, running vehicle
Farmers in some U.S. states are being forced to write off their soybean crops because of a combination of bad weather, a lack of storage facilities and a distressed market due to trade tensions.
Fred Grieder, a farmer in Illinois, enjoyed a bumper yield this year. But the price of soybeans has now plunged to below the cost of production following the trade dispute between the U.S. and China.
With harvest out of the way and the arrival of winter weather, there is little left for him to do on his farm this year.
"It's hard to be optimistic especially short term, with the inventories we've been carrying. This is just the last straw so to speak in the situation with the trade issues," said Grieder.
Another issue for farmers this year is a lack of storage capacity. In Louisiana this year, farmers are expected to lose as much as 15 percent of soybean crops due to the storage issue. Some have even had to bury some of their crops under the ground.
The bad weather during harvest combined with a lack of storage facilities and a depressed market have led many farmers across the country to simply write off their crop.
Although the situation is better in Illinois, some farmers are still working out ways to solve those issues.
"Storage is really a problem right now. Some farmers have even gone to storing soybeans in bags on top of the ground. They're big 10,000 bushel bags. It's a little more tricky but people are scrambling to figure out how to store soybeans in any way shape or form, hoping for a rally," said Doug Schroeder, another Illinois farmer.
The extra pressure on U.S. agriculture is a large concern for the Illinois Farm Bureau, with fears rising that a greater number of farmers will decide to throw in the towel in the current difficulties.
"What we are expecting to see this winter is an increase in farm sales. And probably an increase in the percentage of those that are more or less involuntary sales. For those farms that have to make that decision, it is a very dark day," said Mike Doherty, a senior economist at the Illinois Farm Bureau.
ID : 8098207
Published : 2018-12-14 14:05
Last Modified : 2018-12-17 10:54:00
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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