Midwest soybean farmers have faced persistent financial headwinds in recent years, which were compounded by tariffs and the war in the Middle East, reporting from Lee Enterprises and The Associated Press found.
Farmers' costs, such as equipment, have crept up over time while soybean prices have stayed low. Tariffs levied by the Trump administration last year and the monthslong trade war with China only made things worse, soybean producers say. Then the Iran war bottled up shipping through the Strait of Hormuz, restricting global fertilizer supplies and sending fuel and fertilizer prices soaring. A ceasefire deal announced April 7 raised hope that bottlenecks in the strait would abate, but the future of the agreement was uncertain and experts say it will take time for global supply chains to recover.
