US elections and agriculture: Markets want clear winners (Agrarheute)

Agrarheut (Germany) published an article on the expectations following the U.S. elections for agriculture and trade.  According to surveys by the agricultural online service Successful Farming, almost three-quarters of US farmers vote for the Republican and his agricultural policy. Despite the massive loss of income in the trade war with China and the numerous terrible natural disasters in recent years, the farmers’ incomes were high – due to extensive and record high compensation payments from Washington. Senior Research Fellow Joseph Glauber says, “It will be difficult for Biden to normalize agricultural trade with China, and he does not believe that US sanctions will be lifted without China’s concessions. One way could be “an agreement with other WTO members to get China to end unfair business practices, but that also means resolving the WTO crisis and settling the current disputes.”  Successful Farming.