STREAMING NOW: Watch Now

Congressman Steve King worries about start of trade war

New tariffs on agricultural goods heading to China have many farmers in our area worried.

Posted: Apr. 5, 2018 10:26 PM
Updated: Apr. 6, 2018 6:44 AM

HANCOCK CO., Iowa - New tariffs on agricultural goods heading to China have many farmers in our area worried.
Wilma Kmop is one of them. Kmop lives on a century farm where her and her husband farmed 150 acres of land.
“We had cows, cattle, chickens, a little bit of everything,” she said.
But she says farming is changing as the prices of crops continue to drop. But now she is worried about young farmers not being able to afford rent on her land.
“If my renters can’t pay rent because of the decrease they can’t sell their crops. If they can’t do that they won’t be able to have a go at it,” she said. “I wouldn’t be able to charge them rent because I don’t want them to starve.”
Congressman Steve King says he has brought the issue up to President Trump a number of times and is worried this could lead to a trade war, hurting the Iowa economy as bad as the farm crisis in the 80’s.
“I certainly lived through the 80’s and I paid 22 percent interest, and I know what happened in these communities for that period of time,” Congressman Kings said. “The children that grew up in that bad economic time in the farm crisis decade of the 80’s, many of them moved out of Iowa and never came back.”
While King is still fighting to have these tariffs eased, he said there could be a silver lining after the South Korean government gave the President an invitation to meet with the North Korea leader, Kim Jung Un.
“Perhaps we’ll look back on this in 10 years and see that this was the start of the negotiations of denuclearizing the Korean Peninsula,” Congressman King said. “That’s the best result that I could see come out of all of this.”
While we are still learning what these changes will mean to Iowa’s economy and farmers, Kmop worries about the future if these tariffs don’t change.
“It will affect the sale of our corn, soybeans, hogs, those are three things that are very prominent in Iowa,” Kmop said.

Article Comments

Mason City
Clear
26° wxIcon
Hi: 43° Lo: 23°
Feels Like: 15°
Albert Lea
Clear
30° wxIcon
Hi: 43° Lo: 24°
Feels Like: 21°
Austin
Clear
28° wxIcon
Hi: 43° Lo: 23°
Feels Like: 17°
Charles City
Clear
28° wxIcon
Hi: 41° Lo: 22°
Feels Like: 17°
Rochester
Clear
29° wxIcon
Hi: 41° Lo: 23°
Feels Like: 17°
We're tracking another round of snowfall by Friday night
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Helping Put Gifts Under the Tree

Image

Survey on living in Albert Lea

Image

Adding to Floyd County bus service

Image

Students learn about local job opportunities

Image

Funding to be used for maintenance on the Blazing Star Trial

Image

Tree Town lineup announced

Image

Public health director explains struggles understanding AFM

Image

Your StormTeam 3 Weather Forecast for Wednesday

Image

Your Wednesday KIMT StormTeam 3 Forecast

Image

Coffee with a deputy bringing community together

Community Events