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'There’s no profit to be made in raising soybeans': Farmers react to tariffs as harvest season begins

Trump administration considers using $14 billion in tariff revenues to aid soybean farmers facing losses from China's halted purchases amid escalating trade tensions.

  • China has shifted to purchasing soybeans from Argentina, buying about 1.3 million tons this year due to tariffs imposed by President Donald Trump on U.S. goods.
  • U.S. Senator Chuck Grassley expressed hope that the Trump administration will find a way to support farmers amid China's shift away from U.S. soybeans.
  • The Iowa Soybean Association President Tom Adam criticized the U.S. government's financial aid to Argentina during U.S. farmers' struggles with trade wars.
  • Grassley stated that U.S. farmers prefer market solutions over federal aid, emphasizing the need for a quick resolution with China.
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Harvest of stress: Soybean farmers await help as tariff dispute closes China market

Based on the number of soybean acres planted this year, a $1 drop in price equates to about $250 million of lost income for South Dakota farmers.

·Cherokee County, United States
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kctv5 broke the news in on Wednesday, October 1, 2025.
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