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Hopewell, Chesterfield agritourism: Pick-your-own flower farms
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Valley farmers get creative as agriculture industry evolves
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The U.S.-China trade war, initiated by former President Donald Trump, promised farmers long-term benefits through better trade terms but had dire short-term costs. Trump enjoyed consistently strong support from farmers in office after putting rural America front and center during his campaign, but many economists believe his trade war with China backfired.
Chinese purchases of U.S. agricultural goods remain below the $36.5 billion promised in the Phase 1 trade deal announced in late 2019. The U.S.âs trade deficit with China narrowed, but its overall deficit widened. Long before the pandemic, U.S. agricultural exports to China fell 63% to $5.9 billion in 2018 from $15.8 billion in 2017, according to Econofact, which also noted that farm debt levels hit record highs in 2019 as farm bankruptcies rose to the highest level since 2011.