Scott Bessent Mocked by Left for Saying He Feels the Pain' of Soybean Farmers Because He is One: Net Worth is Over $500 Million'

"ABC News's Martha Raddatz asked Bessent Sunday about the plight of farmers facing Chinese boycotts on American soybeans due to President Donald Trump's tariffs. American farmers have really suffered, Raddatz said Sunday. Do you see a real light at the end of the tunnel there, they may allow soybeans again? Martha, in case you don't know it, I'm actually a soybean farmer, so I have felt this pain too, Bessent answered."

"According to The New York Times, Bessent, a former hedge fund manager whose net worth is estimated to top $500 million, owns as much as $25 million worth of corn and soybean farmland in North Dakota that he rents out to farmers, netting him more than $1 million a year. Sen. Andy Kim (D-NJ) wrote, Bessent is hoping Americans don't know he's worth over $500M. He doesn't know the first thing about the pain farmers are feeling from this administration's reckless actions."

"Others followed suit, expressing their outrage. Bessent is literally worth more than 1/2 billion dollars. He says it's ok to put tariffs on farmers because "I have felt this pain too" https://t.co/HAiqOiq8Lo Jesse Ferguson (@JesseFFerguson) October 26, 2025 Martha Raddatz: China has been boycotting American soybeans and American farmers have really suffered. Scott Bessent: I'm actually a soybean farmer so I have actually felt this pain too We have addressed the farmers concerns. Our soybean farmers will feel good both for this pic.twitter.com/MdYj0zIIwK"

Treasury Secretary Scott Bessent told ABC News that he is a soybean farmer and has "felt this pain" amid Chinese boycotts of U.S. soybeans tied to tariffs. Bessent is a former hedge fund manager with an estimated net worth above $500 million and owns roughly $25 million in corn and soybean farmland in North Dakota that he leases to farmers, reportedly netting him over $1 million annually. Social media critics and public figures including Sen. Andy Kim and Neera Tanden called out the remark as tone-deaf and hypocritical, noting the contrast between Bessent's wealth and the economic harm faced by actual farmers.

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