Louisiana plants more soybean per acre than any other row crop in the state. Last month, China introduced a tariff on American soybeans, making them 25% more expensive for Chinese buyers. The move was a response to tariffs announced by President Trump on Chinese goods. How will the soybean tariff impact Louisiana farmers?
Louisiana's Commissioner of Agriculture and Forestry, Mike Strain, talked with Capitol Access reporter Wallis Watkins. While the price for a bushel of soybeans has dropped about $2 since China announced the tariff, Strain says he’s hopeful President Trump’s trade policy will produce long-term benefits for Louisiana soybean farmers.
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