Soybean exports to China plunge #Soybeans #Farming #Tariffs https://www.farmprogress.com/soybean/us-soybean-exports-to-china-plummet-alarming-farmers-as-harvest-begins
Soybean exports to China plunge #Soybeans #Farming #Tariffs https://www.farmprogress.com/soybean/us-soybean-exports-to-china-plummet-alarming-farmers-as-harvest-begins
To all the farmers who voted for this...enjoy. Take comfort that at least that one trans kid 5 counties over can't use the girl's bathroom.
Given operating finance, lots of bankruptcies ahead
But trump is bribing farmers with the American Relief Act of 2025 to offset price drops and lost sales from tariffs. Top crops by total payout: Corn – $3.829 billion Soybeans – $2.553 billion Wheat – $1.532 billion Cotton – $975 million Corn, soybeans, and wheat alone make up ~80% of all payments.