In 2024, China purchased $12.6 billion worth of soybeans from the United States, according to U.S. Department of Agriculture data.
December 31, 2024
high
temporal
Annual value of U.S. soybean exports to China for calendar year 2024.
In 2018, the U.S. government provided more than $20 billion in aid to American farmers in response to retaliatory tariffs imposed by China during the U.S.-China trade dispute.
January 01, 2018
high
historical-statistic
Aggregate size of federal aid delivered to U.S. farmers amid the 2018 U.S.-China tariff exchanges.
United States Department of Agriculture data shows China purchased $12.6 billion in U.S. soybeans in 2014, while the European Union purchased $2.45 billion in U.S. soybeans in 2014.
January 01, 2014
high
statistical
Historical U.S. agricultural export values by destination country.
Trade conflicts between major economies can reduce export demand for agricultural commodities and contribute to increased financial distress among farmers, including higher rates of farm bankruptcies.
high
economic
General relationship between international trade disputes and agricultural sector financial outcomes
China was previously the largest buyer of U.S. soybean exports.
high
trade
Historical pattern in U.S.-China agricultural trade
Retaliatory tariffs on agricultural products can force farmers to sell crops at steep losses when access to major export markets is reduced.
high
trade_policy
Mechanism by which trade retaliation affects farm incomes
International trade disputes that involve tariffs or other restrictions can reduce export markets for crops such as soybeans and cause significant financial harm to soybean farmers.
high
economic
Describes how international trade conflicts can affect commodity crop markets and farm incomes.
Governments may deploy large-scale financial relief programs, including multi-billion-dollar packages, to compensate agricultural producers for income losses stemming from trade disruptions.
high
policy
General policy mechanism used to mitigate income losses in agriculture due to trade shocks.
Tariffs and related trade disruptions can raise production costs for domestic farmers by increasing prices for inputs such as fertilizer and farm equipment.
high
economic-impact
Mechanism by which trade policy can affect agricultural production costs.
China has been the largest buyer of U.S. agricultural exports.
high
trade
Relative importance of China as an export market for U.S. agricultural products.
Brazil is the United States' third-largest foreign supplier of meat, behind Australia and Canada.
high
statistical
Places Brazil's role in U.S. meat imports in a ranking context relative to other foreign suppliers.
Farm payment programs in the United States affect agricultural acreage measured in the tens of millions of acres.
medium
statistical
U.S. farm support and payment programs are administered at scale and influence planting, incomes, and land use across large acreages.