President Trump's $12 billion aid package, meant to help farmers hurt by the trade war with China, won't help agriculture in the long term and will likely hurt most in top export states such as Iowa, Kansas, Nebraska and North Dakota, according to a report from Moody's Investors Service.
"These states are most vulnerable to trade disputes, due to their high volumes of farm exports and extreme economic dependence on agriculture, according to the report. The four states specialize in pork, soybeans, beef and wheat—among the top exports to China," Dave Nyczepir reports for Route Fifty. "All four states also have aging, slow-growing populations that limit labor force growth into other sectors, though their strong credit profiles could help them weather short-term economic uncertainty, the report said." Read more here.
"These states are most vulnerable to trade disputes, due to their high volumes of farm exports and extreme economic dependence on agriculture, according to the report. The four states specialize in pork, soybeans, beef and wheat—among the top exports to China," Dave Nyczepir reports for Route Fifty. "All four states also have aging, slow-growing populations that limit labor force growth into other sectors, though their strong credit profiles could help them weather short-term economic uncertainty, the report said." Read more here.
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