From last week:
So far, (Bill Doyscher) said, his elevator’s export business is good, but he’s seeing signs of a slowdown. Orders for future delivery have already begun to lag.
Some Minnesota farmers fear these ongoing trade issues will make it impossible for them to stay in business: That the new tariff will hurt U.S. soybean exports to China, reduce what they’re paid for the soybeans they sell and, ultimately, reduce their profits.
Some of those fears have already become reality: Because the market tends to respond ahead of changes, prices have already been dropping for several weeks in anticipation of the move.
The article goes on to suggest that plenty of farmers are po’d already. But I’ve seen anecdotal indications in other places that staunchly conservative farmers will blame a crash on anybody but Trump, no matter what. All it will take is for some in farm country, though, to reboot on how and if they vote, for us to flip plenty of state house districts. And to easily hold some tight federal ones.