Farm economy

Farmers at Betty’s Truck Stop near Sweet Springs, Missouri, took their coffee with a side of bad news early Wednesday morning.

In response to the Trump administration's threats to place tariffs on $50 billion in Chinese goods — including farm implements — China threatened to sanction $50 billion in U.S. exports, this time targeting airplanes, cars, chemicals and soybeans.

“Beans are down 50 cents overnight, and corn’s down 14 because of this trade thing with China,” Jim Bridges said as he took a seat at a large table in the center of the restaurant. Bridges, who grows corn and soybeans, made a few calculations and reckoned his potential losses at about $50,000.