Subhead
Demand destruction
– Agriculture is in a down cycle. Virginia Tech Professor Emeritus Dr. David Kohl told the North Dakota Bankers Association the biggest challenge is geopolitical risk. “Sanctions and tariffs don’t hit the general economy as much, it hits the farm economy because $1 in every $5 in net farm income comes from the export market.” Kohl cited Canada’s decision to impose 100 percent tariffs ...