Summary
Recently, China decided to stop buying soybeans from the U.S. This has added financial pressure to American soybean farmers, including those in Minnesota, who were already struggling financially.
Key Facts
- Farm bankruptcies are increasing in the U.S.
- President Trump's trade policies have contributed to financial issues for soybean farmers.
- China is the largest buyer of soybeans globally.
- China stopped buying soybeans from the U.S. as a response to U.S. trade policies.
- Minnesota farmers are feeling the financial strain more during the harvest season.
- Megan Thompson reported on the situation by visiting farmers in Minnesota.
