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I won't be voting for the president again, says Ohio farmer who backed Trump in 2016

Key Points
  • Christopher Gribbs, a soybean farmer from Ohio whose family owns and operates 560 acres of land, says he won't be voting for President Trump again in the 2020 election.
  • The Ohio farmer voted for Trump in the 2016 election along with more than 75% of rural voters in the farm belt.
  • Now Gribbs is pushing back against Trump's trade policies and the retaliatory effects on American agriculture.
VIDEO3:5203:52
I won't vote for Trump again, need to protect my business: Ohio farmer

Christopher Gribbs, a soybean farmer from Ohio whose family owns and operates 560 acres of land, told CNBC on Thursday that he won't be voting for President Donald Trump again in the upcoming 2020 election.

"I couldn't vote for him. I have to protect my business," Gribbs said on "The Exchange. "

The Ohio farmer voted for Trump in the 2016 election along with more than 75% of rural voters in the farm belt.

"I was a Trump voter. I voted for the president," he said.

Now Gribbs is pushing back against Trump's trade policies and the retaliatory effects on American agriculture.

"It certainly frustrates me. ... He's lost on trade in three different ways," Gribbs said when speaking about how the president has disappointed him on trade deals.

Farmers are one of the biggest victims of the U.S.-China trade war. With China officially pulling out of purchasing U.S. agricultural goods, American farmers are losing their fifth-largest customer.

The United States had $9.2 billion in agricultural exports to China last year, according to the Department of Agriculture.

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Three numbers show how US farmers have already been hit by the trade war

Gribbs told CNBC in 2018 that his soybean prices dropped by 20% due to the trade war. Last year, his soybeans sold for a local cash price of $10.50 per bushel. Now, his soybeans are selling at $9, right at the cost of production.

"We've lost our biggest export market and that was China. And that's weighing on prices," the farmer said.

"The geopolitical problems that we have with the Trump tariffs have weighed on market confidence and the market just can't move."

Despite the fiscal damage the trade dispute has caused, many farmers appear to still support Trump. According to a recent survey from The Purdue Center for Commercial Agriculture, 78% of farmers said in July that they believe the trade war will ultimately benefit U.S. agriculture.

In response to the survey, Gribbs said, "No, certainly I wouldn't agree with it."

Trump tweeted last week that he would impose 10% tariffs on an additional $300 billion of Chinese goods. This prompted China to retaliate by halting U.S. agricultural imports, intensifying the trade dispute between the world's two biggest economies.

"We need to get rid of this political turmoil that we have. The uncertainty and that's what's holding the markets down now," Gribbs said.

The White House did not immediately respond to a request for comment on Gribbs' remarks.

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Key Points
  • Recent polls show farmers strongly support Trump, even amid rising tariffs with china.
  • Experts say they're likely to stay on his side in 2020.
  • Still, it's too soon to tell how China's decision to stop buying U.S. agriculture products will affect that support.