U.S. soybean farmers are warning that additional trade actions could deepen financial strain across the agriculture sector, particularly if new tariffs disrupt exports to major markets like China.
The concerns were raised this week by the American Soybean Association during testimony before the Office of the U.S. Trade Representative. ASA Vice President Dave Walton said exports remain essential to the soybean industry and the broader rural economy.
“Soybeans are the largest ag export in the U.S., and robust trade is a top priority for our industry,” Walton said.
According to the association, U.S. producers exported 68.7 million metric tons of soybeans and soy products during the 2024-25 marketing year, with a total value approaching $30 billion.
Walton warned that additional tariffs or escalating trade tensions could undo progress the industry has made since the 2018 trade dispute with China. During that period, U.S. soybean exports to China dropped significantly, leading to major financial losses for farmers.
The association said producers are already dealing with difficult economic conditions, including an estimated loss of $117 per acre along with continued high input costs for fuel, fertilizer and equipment.
ASA leaders urged federal policymakers to pursue targeted trade remedies while protecting key export relationships that support U.S. agriculture.
The organization said maintaining stable access to international markets is critical for soybean farmers as they navigate ongoing economic uncertainty.