So as someone who actually works with Family Farmers(along with backgrounding cattle myself) here and talks about grain and livestock marketing in the national media from time to time, I think a lot of the dire predictions are pretty heavily overstated. We had prices at levels that worked for most guys through June. Coming forward the world feed grain stocks are significantly tighter, and we've seen a pretty strong rally the last couple of weeks, as we build that in, along with the potential for a poor finish to the crop year, all which could pretty easily put Ag commodity values back to new highs for the year into fall.
Are the tariffs great, No, but demand is still pretty strong, and if money is there to get made it will get made. We will likely see soybeans run through Vietnam or some other Asian county to dodge tariffs. (We've seen that with distillers grains in the past), along with logistics reshuffling. The biggest threat is that a prolonged trade war collapses demand, which can't be worked around.