Impact of Russia's food import ban will be felt here, ag expert says
The head of the Champaign County Farm Bureau said Russia's move to ban most food imports from the west will most likely have an impact on commodity prices for farmers.
The ban is in retaliation for sanctions the United States and European nations have imposed over Russia's actions in Ukraine.
Champaign County Farm Bureau Manager Brad Uken said even though Russia is not the number one trading partner with the U.S., American agriculture wants to have an active and good working relationship with Russia. Uken said when there's a drop in crop prices, the value of agriculture marketing increases.
Uken added that it's hard to tell at this time what impact the import ban will have on market prices. He said the real people that will get hurt by Russia's ban on imports are the people in Russia because they will have less access to products from other countries on the shelves at grocery stores, such as chicken.
Uken said the U.S. will find other trading partners for the products Russia won't accept to make up for the gap created by these sanctions.