WASHINGTON – Treasury Secretary Scott Bessent has proclaimed solidarity with U.S. farmers in recent months as they grappled with the loss of a major soybean buyer due to President Donald Trump's trade war with China.

But now, Bessent says he's divested his holdings in North Dakota soybean farmland. “I actually just divested it this week as part of my ethics agreement, so I’m out of that business,” Bessent said on the CBS program “Face the Nation,” Sunday.

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Bessent's holdings had raised eyebrows as he headed Trump administration negotiations with China over trade and tariffs. On Monday, he's expected to be part of an announcement for a new $12 billion farm aid package at the White House.

Bessent, a millionaire former hedge fund manager, had in October stated that

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