Estherville, Iowa (RI) — Republican Congressman Randy Feenstra says finding new markets for U.S. soybeans amid China’s boycott of American beans should be the priority, and federal trade disruption payments should be a last resort.
Japan — the sixth largest foreign buyer of US soybean products — promised in September to buy eight BILLION dollars in US ag commodities.
Feenstra says farmers will benefit from some subsidy-related changes in the “One Big Beautiful Bill” President Trump signed in July.
Under the USDA’s Price Loss Coverage Program, payments to farmers are triggered when the national average price for corn and soybeans falls below those so-called “reference prices.”
Feenstra, who was first elected to the U.S. House in 2020, is planning to run for governor in 2026, but has not made an official announcement yet.
KIWA Staff Photo
