Soybean farmers warn new trade steps may raise costs and hurt exports
Soybean farmers in the United States are facing serious economic challenges, and agricultural leaders say new trade actions could make the situation worse. The American Soybean Association (ASA) has urged government officials to move carefully as they review trade policies related to agricultural imports and exports.
According to ASA leadership, soybeans remain the largest agricultural export from the United States. Strong and stable trade partnerships are essential for the industry. During the 2024–2025 marketing year, the US exported large volumes of soybeans and soy products, contributing significantly to farm income and the national economy.
“Soybeans are the largest ag export in the U.S., and robust trade is a top priority for our industry,” said (ASA) Vice President and Iowa soybean farmer Dave Walton.
However, past trade disputes have shown how quickly markets can be disrupted. Previous conflicts led to a sharp decline in soybean exports to China, which caused financial harm to farmers across the country. Industry leaders fear that similar outcomes could occur if new trade remedies result in higher tariffs or strained negotiations.
“We are concerned this investigation could lead to remedies that will set back ongoing negotiations and lead the reimposition of even higher tariffs against U.S. soybeans by China,” said Walton.
Farmers are already under financial pressure. Many soybean producers are expected to see notable losses per acre this year. Rising costs for fuel, fertilizer, and other inputs linked to global supply chains have added to the burden. Any further trade disruptions could deepen these losses.
The American Soybean Association has recommended that trade officials focus on targeted solutions rather than broad actions. This includes protecting access to critical agricultural inputs and avoiding measures that could damage relationships with key trading partners.
“As USTR moves forward with this investigation, it is the recommendation of ASA that USTR and the administration keep in mind two major recommendations,” said Walton.
ASA has also emphasized the importance of exempting close partners such as Mexico and Canada from future trade remedies. These countries play an important role in agricultural trade and supply chains.
The association has submitted written comments along with industry partners and plans to continue working with policymakers. ASA leaders stress that thoughtful trade decisions are critical to protecting soybean farmers and maintaining long‑term stability in global agricultural markets.
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