On Tuesday morning, USDA announced a new National Farm Security Action plan.
Ag Secretary Brooke Rollins says that it includes a renewed focus on protecting American agriculture from foreign threats.
That includes the threat of U.S. farmland being acquired by countries like China.
States like Arkansas and Nebraska have already taken action on the issue. Arkansas Governor Sarah Sanders explained how her state is taking action against Chinese-owned Syngenta and other actions they are taking.
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China’s buying decisions continue to be a critical factor in shaping cotton prices and export opportunities worldwide.
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.