Wheat farmers are harvesting their crop in Washington, but are selling it for prices at or below what it costs to produce. Farmers took a hit this week by a federal forecast that drove down the already low prices, reports NBC Right Now.
About 90% of Washington wheat is exported, with the two biggest buyers being Japan and the Philippines. Wheat farmers are saying trade wars have really slowed things down.
"Our volumes are up. I think all of U.S. agriculture is really hurt with these trade wars," Damon Filan, Manager Tri-Cities Wheat, told NBC Right Now. "It effects not only the farmers, but it effects the whole industry, the railroads, the barge lines and anybody that is involved in the chain for agriculture."
