Pat Westhoff | St. Louis Public Radio

Pat Westhoff

In theory, closing off China’s soybean market due to the trade dispute with the U.S. on top of generally low prices for the commodity should affect all industry players, big to small. Agriculture economist Pat Westhoff begged to differ.

Pat Westhoff (at left), director of the University of Missouri's Food and Agricultural Policy Research Institute, and Blake Hurst, president of the Missouri Farm Bureau, joined Monday's program.
Pat Westhoff & Missouri Farm Bureau

Recent trade disputes between the Trump administration and China have had a heavy impact on farmers in Missouri, where the soybean industry dwarfs other crops in terms of acreage and production value.

“[China accounts] for something like 60 percent of total U.S. soybean sales in a typical year,” Pat Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri-Columbia, said on Monday’s St. Louis on the Air. “So losing a chunk of that market’s a very big deal.”

Blake Hurst, president of the Missouri Farm Bureau, told host Don Marsh that he and fellow farmers have been directly experiencing the fiscal consequences this year, including a 20 percent drop in soybean prices.