In the Press
USDA still expecting soybean shipments to China to increase.
Farmers can actually file under four possible chapters of the bankruptcy code, said Robert Dinterman, a researcher with Ohio State University’s Department of Agricultural, Environmental, and Development Economics. They are chapters 7, 11, 12, and 13.
Researchers at the Ohio State University told PolitiFact that farmers and fishermen, especially those who exceed the Chapter 12 debt limit, can also file for Chapter 7 and Chapter 11 bankruptcies.
The agricultural industry is a global economy with buyers (consumers), sellers (producers) and traders. In the United States, producers of corn have a comparative advantage- the ability to produce it cheaper per unit or at higher quality- over most other parts of the world. However, genetics, changes in weather patterns, land limitations, politics and global gross domestic product affect quantities of production and consumption.
"If you get food waste out of landfills, then those landfills will last a lot longer, so it has big ramifications for local services and cascading up for bigger benefits in terms of food security, better resource stewardship," said Brian Roe, a professor in the Department of Agricultural, Environmental and Development Economics at Ohio State University.
The ongoing trade war with China, coupled with low commodity prices, has farmers across the U.S. singing the blues.
Ohio State University Trade Economist Ian Sheldon says China is benefiting from the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) moving forward without the U.S.
Growing up in rural Ohio, Zac Graber was very active in his local 4-H, Farm Bureau and Future Farmers of America organizations. Little did he know back then in Liberty Center, Ohio, that these involvements would instill in Graber, a fourth-year in marketing, a passion that would result in him receiving the highest university recognition given by Ohio State, the President’s Prize.
When Ohio State researchers first proposed a study on the impacts of tariffs on food, water and energy in the Heartland, they didn’t anticipate how relevant that research would become.
Ohio State University trade economist Ian Sheldon says although the cease-fire between the U.S. and China is a step in the right direction, it’s unlikely the two countries will resolve key differences in the next 90 days.