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PBS News Hour - Segments

Minnesota farmers struggle to stay afloat as China boycotts U.S. soybeans

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 12 October 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

Farm bankruptcies were already on the rise when President Trump's trade war added to the financial pressures on America's soybean farmers. Now, the world’s largest soybean consumer, China, has stopped buying American beans in a retaliatory move against the Trump administration. Megan Thompson visited two Minnesota farmers to hear what's on their minds this harvest season. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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0:00.0

Farm bankruptcies were already on the rise when President Trump's trade war added to the financial pressures on America's soybean farmers.

0:09.8

To hear what's on their minds this harvest season, special correspondent Megan Thompson visited two farmers in Minnesota.

0:17.5

Mother Nature has been kind this year to Ryan Mockentoon, who farms about 2,200 acres of corn and soybeans near Brownton, Minnesota.

0:26.5

Great weather has met better than average yields, and the sun was shining during his soybean harvest in early October.

0:32.8

When you can get a run of a week straight of, you know, 80s weather with nice wind. I mean, you can combine a lot of beans.

0:38.8

The weather's just been fantastic.

0:40.3

What's not fantastic?

0:42.3

Just as Muckintoon brings his crops off the field,

0:45.3

the world's largest soybean consumer, China, has stopped buying American beans.

0:50.3

It's really nerve-wracking.

0:53.3

The looming terrace over us have made it just difficult to predict anything.

0:58.0

Ed Usett is a grain market economist at the University of Minnesota.

1:02.0

This is harvest time, and traditionally our biggest sales are from September to the end of the calendar year.

1:10.0

And Usett says the biggest chunk of those sales usually goes to China.

1:13.6

Over the last decade, we've routinely sent a billion bushels to a billion two,

1:19.6

just to China every year.

1:21.6

That represents 25% of a total soybean demand in the United States.

1:28.1

But since May, China has bought zero American soybeans after the Chinese government slapped tariffs on them,

1:35.3

a retaliatory move in the Trump administration's ongoing trade war.

1:39.5

I'll finish this little strip, turn around.

1:41.6

And as demand plummets, so does the price.

1:44.7

Caught in the middle are farmers like Ryan McIntoon,

...

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