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What A Day

The Reality of Being An American Farmer Right Now

What A Day

Crooked Media

News, Daily News

4.612K Ratings

🗓️ 27 October 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Chinese and American negotiators announced on Sunday that they had agreed to a “framework of a deal” on tariffs ahead of President Donald Trump’s expected meeting with Chinese President Xi Jinping. But in the meantime, farmers are getting walloped by Trump’s trade war with China. During Trump’s first term in office, his tariffs led to steep price drops in American soybeans, prompting massive bailouts for struggling farmers. And now farmers are facing more of the same – with no certainty of another bailout this time. So we called Phil Verges, a soybean farmer in western Wisconsin, to talk about what he’s seeing and hearing from farmers just like him. And in headlines, President Donald Trump finds a private, billionaire donor to pay U.S. military service members during the government shutdown, Trump officials continue to play the shutdown blame game, and U.S. beef farmers beef with Trump over… beef.

Transcript

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0:00.0

It's Monday, October 27th. I'm Jane Koston, and this is What Today.

0:06.3

The show that read a Wall Street journal piece about how the big thing holding robots back

0:10.2

is that researchers can't create an equivalent to the human hand and thought,

0:14.7

I'm actually okay that robots do not have humanoid hands.

0:18.3

Actually, I'd rather they never have humanoid hands.

0:29.5

Okay. not have humanoid hands. Actually, I'd rather they never have humanoid hands. On today's show, President Donald Trump finds a private billionaire donor to pay U.S.

0:33.9

military service members during the government shutdown. And U.S. beef farmers beef with

0:38.4

Trump over beef. But let's start with tariffs, one of Donald Trump's favorite things.

0:45.0

That view is probably not shared by most American farmers. Farmers were getting hit hard by Trump's

0:51.0

trade war with China, the predominant buyer of American soybeans.

0:55.1

Trump is in Asia this week, and on Sunday, Chinese and American negotiators announced that they

0:59.3

had agreed to a, quote, framework of a deal on tariffs. If you're like me, that sounds a little

1:05.0

bit like Trump's concepts of a plan on health care from 2024, and doesn't answer the real

1:10.1

anxieties thousands of American farmers are feeling right now. Remember that during Trump's first

1:15.1

term in office, a trade war with China resulted in price declines for soybeans hitting 30%,

1:20.0

which led to massive bailouts like $32 billion in 2020 alone massive. And now farmers are facing

1:27.3

more of the same, with no certainty

1:29.1

of another bailout this time. But don't worry. Treasury Secretary Scott Bessent feels the pain of the

1:35.1

American soybean farmer. Here he is Sunday on ABC News this week. Well, Martha, in case you don't know it,

1:42.0

I'm actually a soybean farmer, so I have felt this pain, too, and there are a couple of things happening here.

1:49.6

Just a quick fact check there. Scott Bessent, who is worth an estimated $600 million, is not a soybean farmer.

1:56.7

But according to his financial disclosures, he owns land used for soybean and corn farming,

...

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