Scott Bessent said he is "actually a soybean farmer" while discussing China's boycott of American soybeans and negotiations with China. Bessent owns roughly $25 million in North Dakota corn and soy farmland that he rents to others and reportedly earns about $1 million a year in rent. The American Farm Bureau Federation reports that 39% of U.S. farmland is leased. Public reaction included mockery on social media and criticism from Rep. Mark Pocan, who called Bessent's claim insulting to Midwestern soybean farmers. Images of a former mansion sold for over $20 million circulated alongside the criticism.
"You did mention that China has been boycotting American soybeans, and American farmers have really suffered,"
"Well, Martha, in case you don't know it, I'm actually a soybean farmer, so I have felt this pain too,"
"I think we have addressed the farmers' concerns, and I'm not going to get ahead of the president."
"Watching a guy who's worth a half a billion dollars cosplay as if he's a soybean farmer is really, really insulting to the soybean farmers in Wisconsin and throughout the Midwest,"
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