Sonny Perdue Talks Trade and the Farm Outlook

By Anonymous

At The Wall Street Journal’s Global Food Forum, the Secretary of Agriculture says he is optimistic the U.S. and China will reach an agreement

Trade disputes with China and other countries are taking a toll on American farmers. Trade-related losses in the U.S. pork industry, for instance, are expected to total more than $2 billion this year, according to Iowa State University economist Dermot Hayes. And U.S. dairy farmers will see their incomes slide $1.5 billion this year due to tariffs from China and Mexico, according to a forecast by Informa Economics.

Those losses come amid a yearslong slump in the U.S. agricultural economy. Overall, farm income is expected to...