SD Soybean Farmers Face Low Prices, High Costs as Trump Pledges Tariff Relief

(Undated) — South Dakota soybean farmers are facing tough conditions this harvest with low prices, high costs, and no sales to China due to ongoing trade talks. State Representative and South Dakota Soybean Association vice president Drew Peterson says farmers need both good prices and volume just to break even, and storing unsold crops risks spoilage. President Trump told reporters Thursday he plans to use tariff revenue to help struggling farmers, a move that Senator Mike Rounds called “a great step” for short-term relief as producers wait for a U.S.-China deal.