Scott Bessent: No Longer a Soybean Farmer
Treasury Secretary Scott Bessent, after claiming to be a soybean farmer, faced scrutiny over his late October statement. It was revealed that Bessent owned farmland in North Dakota through a limited liability partnership, which he was required to divest. Despite initially struggling to sell the land, he eventually divested it for $12.4 million to a company managed by his longtime friend. The sale occurred on December 15, while Bessent was actively involved in negotiating a trade deal with China that included a commitment to buy American soybeans.
John Q. Hosedrinker