The nation’s farmers are caught in the middle of the U.S. trade war with China, and are now grappling with how to invest in their futures.
“From an agriculture perspective, it has already has had a huge impact — I think the concern is just how long is this going to go,” German American Bancorp (GABC – Get Report) chairman and CEO Mark Schroeder told TheStreet. Schroeder leads a bank that deals with the heartland of America. Headquartered in Jasper, Indiana, German American boasts 58 offices across Southern Indiana and northern Kentucky County.
Schroeder added that it “feels like” there is an element of fear in the agriculture sector about investing in new capital equipment. “They want to move forward and have a need to move forward, but in terms of having a new project or new major investment in equipment I think there is some tendency to see how this [the tariffs] will impact.”
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