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International Business Times UK
International Business Times UK
Business
Annalyn Zoglmann

'Could Be Devastating': US Soybean Farmers Warn of Bankruptcies Amid Trade Shift

Donald Trump United States China Midwest Nebraska Beijing Brazil USDA White House
Presidents Xi Jin Ping and Donald Trump: tariff tensions between China and US has affected US soybean exports (Credit: AFP)

KEY POINTS

  • Nebraska's Scott Thomsen says Chinese halt of soybean purchases has driven prices down.
  • Farmers warn of bankruptcies and storage issues as Beijing buys from South America.
  • Trump promises support, but USDA aid plan for struggling growers remains unclear.

In Nebraska, Iowa and across the Midwest, soybean farmers are bracing for one of the most difficult harvest seasons in recent memory.

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