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Tag Archives: soybeans

Settlement talks fail in soybean seed lawsuit in Tennessee

Lawyers have failed to reach a settlement in a federal lawsuit claiming a soybean seed company purposely sold faulty seeds to black farmers in Mississippi. A court filing by attorneys for Stine Seed Co. says mediation talks did not lead to an agreement to settle the suit. U.S. District Judge John Fowlkes had set a Friday mediation deadline. The suit ...

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Farm loan delinquencies highest in 9 years as prices slump

The nation’s farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Donald Trump’s tariffs, with a key government program showing the highest default rate in at least nine years. Many agricultural loans come due around Jan. 1, in part to give producers enough time to sell crops and ...

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Federal judge orders settlement talks in soybean seed suit

A judge is ordering settlement talks in a lawsuit filed by black farmers from Mississippi and Tennessee who claim a company sold them faulty soybean seeds because of their race. U.S. District Judge John Fowlkes told the farmers and Stine Seed Co. to begin mediation in a lawsuit alleging the company conspired with a seed salesman to sell thousands of ...

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Black soybean farmers returning to court in seed lawsuit

Some black farmers from Mississippi and Tennessee are returning to federal court for a hearing on their lawsuit claiming a seed company sold them faulty soybean seeds because of their race. Stine Seed Co. has denied accusations that a salesman sold thousands of dollars’ worth of defective seeds to the farmers because they are black. The farmers allege the seeds ...

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Farmers buoyed but cautious as China resumes buying soybeans

The resumption of soybean sales to China this week is encouraging to American farmers who have seen the value of their crop plummet amid a trade war with the world’s second-largest economy, but producers see it only as a small step and say they need more federal aid. Private exporters reported sales of 1.13 million metric tons of soybeans to ...

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Farmers to get aid on Chinese tariff impact

By JACK WEATHERLY Willard Jacks, Mississippi representative on the American Soybean Association board, said in June regarding the looming Chinese tariff that “we’ve got a couple of months to get this resolved.” While the two countries have not resolved the issue, the United States has come up with a stopgap measure. That was announced Monday, about two months later. U.S. ...

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Agriculture a vital cog in the economy of Mississippi

By BECKY GILLETTE Mississippi is a very rural state with some of the best farmland in the world. “We live in a country where only about two percent of our population is involved in farming, and it is so often forgotten that these farms, most of which are family operated, touch the lives of every person by providing safe, affordable ...

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BILL CRAWFORD — Could tariffs, special election cause November surprises?

No surprises in the run-off elections last week with Michael Guest easily defeating Whit Hughes in the 3rd District Republican Primary run-off and David Baria coming back to defeat upstart Howard Sherman handily in the Senate Democratic Primary run-off.    Unless there are some surprises, Guest should cruise to victory and Baria should fall short in majority Republican Mississippi in November. ...

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UPDATE: Soybean prices fall as Chinese tariff approaches

By JACK WEATHERLY Mississippi farmers are waiting to see how the futures market plays out as China’s threat to place a 25 percent tariff on U.S. soybeans on July 6 approaches. It appears to be like watching a pickup plunge off a bridge in slow motion for the farmers. Since May 25, a contract for November delivery of soybeans is ...

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