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Soybean farmer: US agriculture is facing significant challenges. Commodity prices are down nearly 50%, and farm production costs continue to skyrocket. For soybean farmers, the loss of our largest export market due to trade retaliation by China has made financial problems even worse. High production cost and market losses...

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176,648 просмотров • 9 месяцев назад •via X (Twitter)

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Ohio soybean farmer discusses losses due to Trump's trade war: "Every acre of soybean we grow this year, we are losing $300 an acre. So over our little 1,000 acre farmer, that is over $300,000 of loss."
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Ohio soybean farmer discusses losses due to Trump's trade war: "Every acre of soybean we grow this year, we are losing $300 an acre. So over our little 1,000 acre farmer, that is over $300,000 of loss."

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Soybean farmer: The trade war is taking things from bad to worse. Now our biggest export customer, China, has not purchased any soybeans from this year's crop. That equates to about 25% of the whole American soybean crop this year. We desperately need that market and unfortunately we are in a standoff right now
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Soybean farmer: The trade war is taking things from bad to worse. Now our biggest export customer, China, has not purchased any soybeans from this year's crop. That equates to about 25% of the whole American soybean crop this year. We desperately need that market and unfortunately we are in a standoff right now

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Soybean farmer: We depend on the Chinese market. And right now we have 0 sold for this crop. It's a 5 alarm fire for our industry. We are not price competitive with Brazil due to the retaliatory tariffs. Our prices are about 20% higher, and that means that the Chinese are going elsewhere. And the American soybean farmers and their families are suffering.
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Reporter: Todd Western III, a soybean farmer, says trade tensions between the US and China are fueling uncertainty for his business. China, the world's largest buyer of soybeans, hasn't pre-purchased any soybeans for the upcoming US harvest. Farmers are also concerned tariffs will drive up costs. Current rates will mean higher prices for items ranging from fertilizers to farm equipment
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Reporter: Todd Western III, a soybean farmer, says trade tensions between the US and China are fueling uncertainty for his business. China, the world's largest buyer of soybeans, hasn't pre-purchased any soybeans for the upcoming US harvest. Farmers are also concerned tariffs will drive up costs. Current rates will mean higher prices for items ranging from fertilizers to farm equipment

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Hassett: "China has, especially for soybean farmers, has stopped buying US soybeans. Right now the silos are full and there are soybeans sitting on the ground with tarps over them. That's unacceptable to the president. We're calling up all our soybean customers around the world as part of our trade negotiations and we're also getting ready to have really strong policies to support our farmers."
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Hassett: "China has, especially for soybean farmers, has stopped buying US soybeans. Right now the silos are full and there are soybeans sitting on the ground with tarps over them. That's unacceptable to the president. We're calling up all our soybean customers around the world as part of our trade negotiations and we're also getting ready to have really strong policies to support our farmers."

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Iowa farmer: With China out of the marketplace, that is 50% of our soybean market evaporated. It's not easy to randomly switch to something else. Congress with their cuts to the Affordable Care Act, 27% of farmers are looking at premium increase. It's tone deaf to the issues we are actually facing.
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China has not bought a single soybean from the U.S. in over 3 months. This is insane. Soybean farmer: “We depend on the Chinese. And right now we have 0 sold. It's a 5 alarm fire. We are not competitive with Brazil due to the tariffs. Our prices are 20% higher. That means the Chinese are going elsewhere. And the American soybean farmers and their families are suffering.” Do you realize what's happening?

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Soybean farmer: There are zero sales of this crop that is now being harvested, and that's alarming for our industry. It's really hard to take your biggest customer and just snap your fingers and replace it. Our farm will lose well over $100,000 on our soybean crop alone this year
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Soybean farmer: There are zero sales of this crop that is now being harvested, and that's alarming for our industry. It's really hard to take your biggest customer and just snap your fingers and replace it. Our farm will lose well over $100,000 on our soybean crop alone this year

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CBS News has learned the Trump administration could announce a multi-billion dollar financial relief package this week for farmers being hurt by the president's trade war with China. CBS News' Lana Zak talked to soybean farmers fearing they may be forced out of business.

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Fox: Why won't China buy our soybeans? This is direct retaliation for the trade war. China knows that American farmers are now losing their biggest customer. China in the last 5 years has bought more soybeans from the US than any other country combined. Now 95% of their soybean purchases come from South America.
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Fox: Why won't China buy our soybeans? This is direct retaliation for the trade war. China knows that American farmers are now losing their biggest customer. China in the last 5 years has bought more soybeans from the US than any other country combined. Now 95% of their soybean purchases come from South America.
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