GFM Network News


Deere to lay off 163 U.S. workers as trade war dents demand

Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent at its facilities in Illinois […] Read more

Trump trade-war aid sows frustration in farm country

Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more











Jim and Karen Taphorn hoped their son would take over their Kansas farm. He tried but plunging grain prices forced him out and the Taphorns decided to retire and sell their equipment at an auction in February.

Trade war and sagging prices push out U.S. farmers

A decade ago, young people were flocking back to the farm — but now they, and their parents, are leaving

A decade ago, young people were flocking back to the farm — but now they, and their parents, are leaving

Shuffling across his frozen fields, farmer Jim Taphorn hunched his shoulders against the wind and squinted at the auctioneer standing next to his tractors. After a fifth harvest with low grain prices, made worse last fall by the U.S.-China trade war, the 68-year-old and his family were calling it quits. Farming also was taking a physical toll […] Read more