FIRST AIRED: December 28, 2017

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Transcript

00:00:01
>> US soybean farmers are worried that they could get hurt in 2018 under a deal struck between the US Department of Agriculture and China. China is the world's largest soybean importer. US export of soybean to China last year amounted to more than $14 billion. But Beijing demanded higher standards of US beans.
00:00:21
Reuters agriculture reporter, Tom Polansek.>> The USDA says that China came to the US in September with complaints about excessive weed seeds in shipments of US soybeans to China. The China gave the U.S. until January to figure out a solution and the U.S. came up with this new system.
00:00:44
In which the U.S. will now label U.S. soybean shipments to China when they have more than 1% of what's called foreign materials inside. That can include dust and dirt and also these weed seeds that China complained about.>> Growers typically receive more money for beans with less so called foreign matter.
00:01:06
Some farmers believe this deal effectively ensures China receives a higher grade of soy beans Without having to pay the difference to ensure quality.>> The USDA says that this new agreement will benefit U.S. farmers by continuing an uninterrupted flow of soybeans to China. But there are some farmers and traders who are worried that the U.S.D.A. may have agreed to a deal.
00:01:34
That will make it tougher for US farmers and traders to sell soybeans to China.>> Soybeans were the biggest US crop this year.