The Cost of Tariffs: Soybean Farmers Struggle Amid Trade Wars Soybean farmers are feeling the brunt of Trump's tariffs as China, their largest market, boycotts U.S. exports. Kevin Gaffner, an Illinois farmer, laments, "We don't want aid; we want to trade." The 2018 trade war already slashed exports by 75%, prompting a $12 billion bailout. Now, with similar relief on the horizon, farmers fear permanent market loss to Brazil and Argentina. Despite record yields, negative profit margins persist, an
The Cost of Tariffs: Soybean Farmers Struggle Amid Trade War…
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U.S. Soybean Farmers Face Crisis Amid Global Trade Shifts The U.S. soybean farming community is grappling with a significant crisis as harvest season begins. Recent developments have led to a sharp decline in soybean prices, dropping to $9 per bushel—far below the $18-20 needed to break even. This downturn is largely due to intensified competition from Argentina, which, after receiving a $20 billion financial aid package from the Trump administration, has undercut U.S. exports by lowering its so
U.S. Soybean Farmers Face Crisis Amid Global Trade Shifts The U.S…
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U.S. Soybean Farmers Face Trade Turmoil Amid Tariffs and Oversupply Nebraska soybean farmer Greg Meyer warns that U.S. tariffs are blocking exports to China, creating a domestic oversupply that’s driving down prices. With Trump’s renewed tariffs in 2025, China has boycotted U.S. soybeans, slashing exports from $25 billion in 2024 and benefiting competitors like Argentina. Record U.S. crop yields, per USDA projections, are worsening the glut, forcing farmers to rely on government aid they view as
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Fact-Checking U.S. Soybean Exports to China During Biden's Term Recent claims suggest China halted U.S. soybean purchases due to policies under President Joe Biden. Let's delve into the facts. During Biden's term (2021-2025), U.S. soybean exports to China averaged $12.5 billion annually, over half of total U.S. exports. This contradicts the narrative of a halt, as data shows robust trade. The decline in 2025, linked to renewed Trump-era tariffs, not Biden's policies, saw China shift to Brazil an
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U.S. Soybean Farmers Face New Challenges Amid Global Trade Shifts In a recent MSNBC interview, Iowa soybean farmer Scott expressed frustration over a $20 billion U.S. financial swap line to Argentina, announced on October 1, 2025, to stabilize its economy. This move, aimed at supporting President Milei's administration amid hyperinflation, has raised concerns among U.S. farmers, as Argentina is a key competitor in the soybean market. Scott highlighted how China's retaliatory tariffs have led to
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U.S. Farmers Face Trade War Fallout as China Shifts Soybean Purchases U.S. farmers are grappling with the fallout from escalating trade tensions, as China, once the largest buyer of American soybeans, has halted purchases since May 2025. This shift, driven by retaliatory tariffs under the Trump administration, has forced farmers to confront surpluses and potential losses surpassing those of the 2018 trade war. USDA Secretary Brooke Rollins recently highlighted the "significant challenge" facing
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