In Kansas, KSNW reported that the CEO of the Kansas Soybean Association expressed concerned about soybean farmers going bankrupt this year in the state.
Kansas farmers are beginning to harvest their roughly 4 million acres of soybean crops, but their biggest buyer, China, is looking to other countries to meet its soybean needs this year.
Kansas Soybean Association CEO Kaleb Little says that U.S. and Kansas farmers have become less dependent on China since 2018, but as of now, there’s no way to replace their top customer.
“Global politics and the geopolitical landscape between the two countries is messy, and there’s a lot more to that than agriculture, but really one of the biggest retaliatory pieces that they are using against the U.S. in that fight is agricultural products,” said Little.
If a deal is not reached for this year’s soybean crop, Little said it could mean serious financial consequences for Kansas farmers.
“We expect to see farm bankruptcies, unfortunately. 2025 USDA data showed twice as many Chapter 12 bankruptcy filings in the first half of the year as we saw in the previous year,” he said.
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Tags: Kansas Soybean Association
Category: Food & Agriculture
