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U.S. Poised to Roll Out Farmer Aid as China Shuns American Soybeans

Treasury set Tuesday for a farm-aid announcement following China’s halt to U.S. soybean purchases.

A combine harvester during a soybean harvest at a farm outside St. Peter, Minnesota.
Corn is loaded onto a truck as harvest continues on the Warpup Farms in Warren, Ind., Thursday, Sept. 11, 2025.
Argentina's President Javier Milei talks after legislative provincial election polls closed in La Plata, Argentina, Sunday, Sept. 7, 2025. (AP Photo/Gustavo Garello)
Soybeans are harvested on the Warpup Farm in Warren, Ind., Wednesday, Sept. 17, 2025. (AP Photo/Michael Conroy)

Overview

  • China has made no purchases of U.S. soybeans during the main harvest, pushing prices toward five‑year lows and forcing growers to store crops, with Illinois farmers facing losses of up to $64 per acre.
  • Treasury Secretary Scott Bessent said new support for farmers, especially soybean producers, will be announced Tuesday, with a portion of tariff revenue expected to fund relief and coordination planned with the Farm Credit Bureau.
  • Reporting points to a potential aid package of about $10 billion, though officials have not released final details.
  • Argentina moved more than 2–2.5 million metric tons of soybeans and soy products to China after suspending export taxes, as Washington weighs multi‑billion‑dollar assistance for Buenos Aires, a combination that has inflamed U.S. farm backlash.
  • Farm leaders and some Republicans argue payments are only a temporary bandage and cannot replace lost sales, with Sen. Joni Ernst acknowledging lost soybean contracts and Beijing signaling purchases depend on U.S. tariff reductions.