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Illinois soybean farmers in 'danger of bankruptcy' due to tariffs

Summary by WMBD
BLOOMINGTON, Ill. (WMBD) -- At an Illinois grain tour in Bloomington, the director of the Illinois Department of Agriculture said having no deal with China would lead to farmers going bankrupt. "Last year, China bought $1.4 billion worth of soybeans from the state of Illinois. This year, there is yet to be one purchase of soybeans from the entire United States by China," said Jerry Costello. China makes up the majority of Illinois soybean sales,…

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WMBD broke the news in Peoria, United States on Thursday, October 2, 2025.
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