Federal lawmakers are asking for emergency help for soybean farmers.
They say the farmers could go broke amid the ongoing trade war with China.
Soybean farmers here in Louisiana and across the country are in the middle of harvest.
Yields are high, but one economist says there’s a major problem.
China has hit US soy imports with a 25% tariff.
The lost market is leading to a backlog of soybeans at storage elevators along the Mississippi River.
Louisiana congressman Ralph Abraham sent a letter this week asking the US Department of Agriculture to help farmers in the state.
“If these farmers don’t harvest these beans in the next week or two or three at the most, they could literally go bankrupt,” he says.
Abraham is asking the USDA to change how the subsidy program works and help farmers find additional storage options.