Tariffs Are Starting to Squeeze Profits for Trump-Loving Farmers

President Donald Trump has repeatedly said he loves farmers. His actions, though, are rippling across the agriculture industry as tariffs raise the cost of everything from tractors to fertilizers and squeeze profits for US growers already contending with low crop prices.

The sweeping effects of the president’s trade war are coming into sharper focus as agricultural giants including Mosaic Co., AGCO Corp. and Bunge Global SA report their latest results: deliveries of key nutrients to the US have plunged, machinery prices are climbing and crop buyers are limiting purchases amid mounting uncertainty.

The levy-inflicted costs come at a time ...