American farmers worried about lack of soybean sales to China; trade war could wipe out a 'generation of farmers'

China usually buys 51% of U.S. soybeans every year.
(Unsplash photo)

A North Dakota soybean farm is expected to lose $400,000 this year due to China’s boycott of American soybeans because of tariffs President Trump placed on Chinese goods, Alan Rapperport of The New York Times reported.

That farm is just one of many being hurt by the tariffs and trade wars. “Are we going to lose a generation of farmers because of the trade war? I think that’s what we’re fast approaching,” Justin Sherlock, a farmer and president of the North Dakota Soybean Growers Association said in an interview with Rapperport. 

China has used its status as a major consumer of American agricultural products since Trump’s first term to strategically pressure the administration toward more favorable trade deals. This year soybean farmers have taken a major hit, but China has also scaled back purchases of other products as well.

The Department of Agriculture (USDA) has considered rolling out aid for farmers impacted by China’s pushback against tariffs.

“Farmers tend to live in Republican states that voted for Mr. Trump, so harming them economically threatened a core constituency,” Rapperport wrote. In other words, the livelihoods of American farmers have become bargaining chips in the U.S.-China trade war.

Farmers in North Dakota are increasingly worried that a deal will not be made in time for the nearing soybean harvest season. And for an industry that is already struggling to stay afloat, that could mean more farm closures.