Soybean Farmers Fear Losing Money With China No Longer a Customer

By Elyse Perry

Soybean farmers are worried about making a profit on their crop this year as China is not buying American soybeans.

China has been a top importer of American soybeans for decades, but following tariffs on imported goods imposed by the Trump Administration earlier this year, the country has turned to South America.

According to the U.S. Department of Agriculture, China accounted for 51 percent of soybean exports from the United States last year, purchasing over $12 billion.

This year, between January and May, China spent $2 billion on American soybeans. Between June and August, China didn’t buy any American soybeans.