China-US Trade War: Farm equipment manufacturers call for an end to dispute
Updated 14:27, 28-Aug-2019
US farm equipment makers are calling for an end to the trade war between the world's two largest economies. The industry has taken a direct hit from the trade measures. CGTN's Dan Williams has more.
This is the latest farming technology. From sparkling gigantic new combines to corn dropping drones. The Farm Progress show is the largest outdoor farm event in the United States. But against this backdrop of new tech, the U.S. farming industry is struggling. Years of low commodity prices followed by a trade war between the U.S. and China has squeezed farmers' profit margins. Case IH is an agricultural equipment company headquartered in Wisconsin, but with manufacturing facilities across the globe.  With more tariffs threatened from both sides, company management says it's simply time to end the trade dispute, once and for all.
SCOTT HARRIS CASE IH NORTH AMERICA "Well you know what, we need to get it cleared up. I mean there is no question that there are some issues that need to be fixed and need to be addressed. But for our entire economy, it needs to be addressed sooner rather later. We are optimistic that we will get something resolved and sooner the better."
Adding to farmers woes across North America was a wet planting season, with many farms struggling to get the crop in the ground on time. Despite those pressures, many of the exhibitors remain optimistic about the year ahead.
DANIEL VALEN, DIRECTOR OF PRODUCT MARKETING NEW HOLLAND NORTH AMERICA "We are a global company. And we have global footprint and the different things that are going on with politics make it more challenging. I think it makes it more challenging for everybody but I also look at it that there are opportunities out there that everyone can take advantage of."
DAN WILLIAMS DECATUR, ILLINOIS "This event has brought agricultural manufacturers and farmers together for more than 60 years. The industry has faced a number of challenges during that time, not least the Farm crisis of the 1980s. Despite the various pressures in the industry today, manufacturers say farmers can at least benefit from the advancements in technology."
SCOTT HARRIS CASE IH NORTH AMERICA "It is a fantastic time to be part of this industry. With the technology that is being integrated into these machines. These are integrated solutions that allow producers to do more in the same acres that get planted every year."
Although U.S. farming remains under a cloud, manufacturers and farmers remain hopeful they'll be dancing to a different tune in the very near future. Dan Williams, CGTN Decatur, Illinois.