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- Tariffs and Risk Management Strategies in Times of Uncertainty
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IF YOU’VE NOTICED PRICES jumping around or fewer buyers showing up for your products, you’re not alone. Global trade is currently in a state of turmoil. Governments are raising tariffs—special taxes on imported or exported goods—and the impacts are being felt across farm and ranch country. Recently, the United States raised tariffs on Chinese imports to 104 percent, and China has vowed to strike back. At the same time, new tensions with Canada are creating ripple effects in everything from beef to investment markets. For folks who depend on stable markets to sell crops or livestock, this kind of uncertainty can make decision-making downright stressful. The good news? You don’t have to just wait and hope. There are solid, simple strategies you can use to manage this kind of risk . . .
