LONDON, Ohio (WSYX/WTTE) -- Farmers from around Ohio are at the Farm Science Review looking at the latest technology and equipment.
“Ohio in corn and soybeans has the opportunity to break our record and not just break them but exceed them by large margins,” Ben Brown with OSU’s agricultural economics department said.
However, it's been bad year for farming politics. Earlier this year China placed a 25 percent tariff on American corn and soy beans in retaliation to Trump's tariffs on Chinese imports.
“Farmers have been caught in the crossfire of a trade war," Ian Sheldon, trade policy specialist said. "Farmers often get hurt more than other sectors because they become a political kickball."
This morning the administration announced an additional $200 billion in Chinese tariffs.
“It is scary. It does mess with your family farm,” farmer Zac McCullough said.
While the tariffs may not be hurting bottom lines just yet, experts say they will in the long run.
“Over a five-year period, on average, they might lose up to 59% percent of their income with this drop-in price," Sheldon said.
The looming farm bill deadline is another issue that is causing uneasiness.
“The longer we go, the greater the uncertainty about planting for next year’s crop,” Brown said. “It’s something you can’t overreact to about yet. You keep it in the back of your mind that you may have to change some things," says McCullough.
Leading to even more worry in an industry where many believe nothing's a sure thing to begin with.