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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... show more

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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."

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."

FactPost

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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

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

FactPost

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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.

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.

FactPost

2,422,603 görüntüleme • 11 ay önce

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

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."

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."

Aaron Rupar

1,020,560 görüntüleme • 10 ay önce

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.

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.

FactPost

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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?

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?

Andrew Lokenauth | TheFinanceNewsletter.com

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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

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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China will make “substantial” purchases of U.S. soybeans, Treasury Secretary Scott Bessent tells Margaret Brennan after trade talks with Chinese counterparts in Malaysia, adding that the global soybean market has been brought “back into equilibrium.” “Soybean farmers are going to be extremely happy with this deal for this year and for the coming years,” Bessent says.

China will make “substantial” purchases of U.S. soybeans, Treasury Secretary Scott Bessent tells Margaret Brennan after trade talks with Chinese counterparts in Malaysia, adding that the global soybean market has been brought “back into equilibrium.” “Soybean farmers are going to be extremely happy with this deal for this year and for the coming years,” Bessent says.

Face The Nation

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🧑‍🌾 SOYBEAN FARMERS: “Trump’s trade war took things from bad to worse… and he just gave $20 BILLION of taxpayer money to our competition.” China buying ZERO is crushing farmers— and Trump bailed out Argentina as it has taken market share.🤔 TN among hardest hit states. (Again)

🧑‍🌾 SOYBEAN FARMERS: “Trump’s trade war took things from bad to worse… and he just gave $20 BILLION of taxpayer money to our competition.” China buying ZERO is crushing farmers— and Trump bailed out Argentina as it has taken market share.🤔 TN among hardest hit states. (Again)

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Reporter: Soybean farmers are starting their harvest, but they face steep losses that could fuel farm bankruptcies and foreclosures. Many farmers say they feel betrayed. Last week, the Trump administration gave Argentina a financial lifeline, a $20 billion loan, but Argentina then cut the price of its own soy exports to China, undercutting US farmers.

Reporter: Soybean farmers are starting their harvest, but they face steep losses that could fuel farm bankruptcies and foreclosures. Many farmers say they feel betrayed. Last week, the Trump administration gave Argentina a financial lifeline, a $20 billion loan, but Argentina then cut the price of its own soy exports to China, undercutting US farmers.

FactPost

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Soybean farmer: Unfortunately, there's not enough market competition right now due to the trade war. This package is being proposed is really just putting a band-aid on an open wound. We are bleeding economically. We're going to lose $109 per acre of soybeans this year. We need a level playing field, and we get that by not having tariffs.

Soybean farmer: Unfortunately, there's not enough market competition right now due to the trade war. This package is being proposed is really just putting a band-aid on an open wound. We are bleeding economically. We're going to lose $109 per acre of soybeans this year. We need a level playing field, and we get that by not having tariffs.

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An Arkansas farmer explains how Trump's trade policy has led to a "disaster" because China, once a major buyer, now gets its soybeans from Brazil. The US went from a $12B soybean market to zero, hurting American farmers who relied on exports to China for their livelihoods. Now, there's no relief in sight.

An Arkansas farmer explains how Trump's trade policy has led to a "disaster" because China, once a major buyer, now gets its soybeans from Brazil. The US went from a $12B soybean market to zero, hurting American farmers who relied on exports to China for their livelihoods. Now, there's no relief in sight.

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Soybean farmer: Unfortunately we've had stagnant prices on soybeans, which made it difficult to break even. We are selling well below the cost of production. With China being a huge importer of soybeans, 20-25% of what we produce, that's very difficult to replace that in a quick fashion.

Soybean farmer: Unfortunately we've had stagnant prices on soybeans, which made it difficult to break even. We are selling well below the cost of production. With China being a huge importer of soybeans, 20-25% of what we produce, that's very difficult to replace that in a quick fashion.

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Soybean farmer: China not purchasing US soybeans is hurting prices and it is causing lots of uncertainty for our industry as a whole. Soybeans are the largest ag product that is exported from the US, so this is a big deal. Biggest customer of our biggest ag product

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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.

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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797,443 görüntüleme • 10 ay önce

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.

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.

Navroop Singh

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🚨JUST NOW: President Trump says China has COMMITTED to buying $40 BILLION worth of US Soybeans He expects CHINA will buy EVEN MORE! "China committed over 40 billion of soybean purchases, and that is a commitment, and I ask President Xi if we could up it. I think he would do that. Not commitment, 40 billion is a commitment, soybean farmers are quite happy."

🚨JUST NOW: President Trump says China has COMMITTED to buying $40 BILLION worth of US Soybeans He expects CHINA will buy EVEN MORE! "China committed over 40 billion of soybean purchases, and that is a commitment, and I ask President Xi if we could up it. I think he would do that. Not commitment, 40 billion is a commitment, soybean farmers are quite happy."

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