Caleb Ragland, a soybean farmer in Magnolia, Ky., has consistently supported President Donald Trump in the elections of 2016, 2020, and 2024. However, he is now facing challenges due to navigating a tariff minefield and dealing with the sector’s major headwinds. Ragland, who runs the farm with his family, has experienced a significant decline in crop prices and rising production costs over the past few years, with soybean futures dropping more than 40% and corn futures following suit.
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