Things were already grim for US farmers, then China tensions worsened – again – South China Morning Post
Randal Shelby planned carefully and waited years to ditch a career spent in hospitals and medical centres to chase a dream in which he traded antiseptic hallways full of sick patients for the great outdoors.
His new life started six years ago, after he secured about US$1.3 million in financing for a Case combine and other equipment, fertilisers, seed and labour needed to produce soybeans and rice, staples that enjoyed strong demand overseas, primarily from China.
High fuel costs, rising interest rates, falling crop prices and depressed Chinese demand amid geopolitical tensions had already eroded farm profits during the previous Joe Biden administration.
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