The US agricultural industry is in a two-year recession due to abundant supplies, low crop prices, and increased competition from Brazil. The industry is also being negatively impacted by disruptions in global trade due to the trade war. Companies such as Archer-Daniels-Midland Co. and Bunge Global SA have seen a decrease in operating profits due to uncertainty over trade and biofuel policies. Tractor manufacturers CNH Industrial NV and AGCO Corp. have reported lower sales and warned of a potential reduction in demand for farmers. The tariffs also threaten to curb imports of some fertilizers and pesticides.