logo
Editorial: Illinois grows more soybeans than any other state. What happened to the Republican support?

Editorial: Illinois grows more soybeans than any other state. What happened to the Republican support?

Chicago Tribune12-05-2025

Back when Republicans were a mighty political force in Illinois, one of the party's great unifiers was the humble soybean. Illinois produces more of these fuzzy legumes than any other state, and the GOP could be counted on to support local farmers who want, above all, a healthy market for this lucrative cash crop.
Fast forward to 2025, and a University of Illinois research hub that spreads the gospel of soybeans around the world narrowly escaped extinction last month, no thanks to today's Republican Party.
The Soybean Innovation Lab in downstate Urbana is among a group of 19 agriculture research laboratories at land-grant universities around the country. Their work traditionally has won strong bipartisan support. For good reason: This U. of I. lab specializes in building a market for U.S.-grown soybeans in fast-growing countries where no market previously existed.
Soybean markets are made, not born. Big swaths of the developing world have no experience with the crop. They have no proper storage for it, or the capability to crush it into high-protein soy meal and cooking oil.
In the African country of Malawi, for instance, the Innovation Lab has launched a promising project encouraging small-time farmers who mostly produce subsistence crops like cassava and cowpeas to diversify into soybeans. The lab works with both local and international companies to develop know-how and facilities.
Once private enterprise is positioned to take over, the population of Malawi can start to consume more and more soybeans. The development helps to lift the country out of poverty and, over time, opens it to U.S. exports of a crop that Malawi can't currently put to good use.
Peter Goldsmith, a U. of I. professor who runs the lab, told us at a recent meeting that he regularly gets asked to explain the long-range thinking that goes into developing new markets for American crops. 'I work very closely with Illinois and U.S. growers,' he said. 'We de-risk the market and then the private sector follows on.'
The lab relied on funding from the U.S. Agency for International Development, one of President Donald Trump's top targets in his stated effort to eliminate waste, fraud and abuse. In January, Goldsmith was put on notice that a review would be undertaken. 'We thought, 'It's soybeans!'' he said. 'What we're doing is highly recognized as consistent with U.S. government interests. I felt nothing was going to happen.'
In February, it happened. Although no review specific to his program occurred, Goldsmith got a letter saying his work no longer matched U.S. interests. He lost access to millions of government dollars that had been pledged to the lab and had no choice but to stop everything and dismiss the staff. 'That was a gut punch.'
Then came another twist: In March, as the lab prepared to close for good, Goldsmith got a reprieve. An anonymous donor made a seven-figure gift to keep it going, via Founders Pledge, a London-based charity that connects entrepreneurs with worthy causes. The donor is a private company in Europe with a strong philanthropic arm but no connection to soybeans. It probably heard about the lab's plight from media accounts by the Tribune's Dan Petrella and others.
The $1.02 million gift, about 30% of the lab's previous annual budget, was enough to rehire a few key employees and complete the investment in Malawi that otherwise would have been wasted — with plants in the ground left to rot and an August investor tour canceled. That private donors stepped in here is an encouraging silver lining. In a perfect world, this is a preferable form of funding.
Today, the tour is back on, and already it is attracting food processors interested in putting their private funds into building infrastructure once the seeds of the program are planted, Goldsmith told us. 'The industry wants to switch over to soy. They want U.S. crops. Demand is crazy good.'
Unfortunately, the donor's funding runs only through next April, and the related labs at other land-grant universities have found no one to save their programs, Goldsmith said. Soybeans and other U.S. cash crops evidently will be left to fend for themselves on the global stage.
No one needs to tell us that Uncle Sam must cut spending. The federal budget deficits piling up are unsustainable. Something's got to give. What's painful is seeing Republican lawmakers who for decades have been among agriculture's biggest supporters selling out the future of American farming.
The current trade war is sure to help America's competitors, especially in South America. During Trump's first term, his disputes with China opened the door for Brazil to dramatically expand its soybean production, and U.S. exports never recovered to their previous levels.
In response, the U.S. government funneled tens of billions in direct payments to farmers and landowners hurt by its protectionist policies. They in turn overwhelmingly supported Trump in the November election, and Congress in December committed to spending an extra $10 billion in farm aid this year. That's probably just a down payment on whatever huge amount farmers will receive when the dust clears.
So instead of the government investing in programs that will help Midwest agriculture retain its hard-won global dominance, farmers will be getting the equivalent of welfare for the rich while their long-term prospects diminish by the day.
Ask practically any of Illinois' row-crop farmers or landowners, and they will tell you that if Uncle Sam is handing out fat checks, they'd be fools not to cash them. But let's be clear: America's soybean farmers are losing ground. At this rate, Illinois won't be the soybean capital of the world forever, and the state will be poorer for the loss.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy
The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy

Yahoo

time29 minutes ago

  • Yahoo

The heiress of $10 billion Perdue farms and the $12 billion Sheraton hotel empire wore hand-me-downs, still rides the subway, and flies economy

Mitzi Perdue, the double-heiress of Sheraton hotels and Perdue farms, grew up wearing hand-me-downs and getting a public education. She's quick to draw her pursestrings by flying economy, riding the subway, and living in a modest apartment—despite sitting on a fortune from two billion-dollar American businesses. The 84-year-old journalist and philanthropist says it helps her understand 'the real world.' The thought of a billionaire's lifestyle may conjure up images of Great Gatsby mansion-buying and jet-setting at the drop of a hat. But the life of an heiress with the wealth of two billion-dollar American businesses looks a lot different. Mitzi Perdue was born into the Sheraton hotel family, and at just the age of 26, she and her siblings inherited their father Ernest Henderson's controlling stake of the business. The success of her family's $12.2 billion hospitality company meant she was now sitting on a considerable nest egg. Her fortune would only swell after marrying her late husband Frank Perdue, the 'chicken king' who led America's largest chicken-producer, Perdue Farms, which brought in over $10 billion in revenue last year. The double-heiress has the riches to retire and live a life of extravagance—but it's in her nature to look at wealth differently. 'The Hendersons and the Perdues did not encourage extravagance,' Perdue tells Fortune. 'In both families, nobody wins points for wearing designer clothes.' The 84-year-old has access to a trust from her family's billion-dollar business, alongside the wealth from the Perdue empire. Yet she still lives just like anybody else: taking her shoes to the cobbler instead of buying new ones, riding the subway, flying economy, and living in a modest apartment instead of a house. Perdue has lived a double life—having access to immense privilege and money from two business empires, while holding down a regular job and living frugally. 'My apartment building I lived in for 14 years is very solidly middle-class, and I love it,' Perdue says. 'If you're always going on private jets, what inkling do you have about the real world?' Perdue was born in 1941, and as a war baby and fifth child of the Hendersons family, she grew up wearing hand-me-downs. She says she went to public school for a period of her life, later enrolling in private school and pursuing a Harvard education. When she was in her late 20's her father died, opening up the floodgates of her inheritance. But she wasn't enticed by the idea of throwing in the towel and lounging for the rest of her life. 'I could have just put everything in the stock market and let somebody else manage it,' Perdue says. Interested in agriculture, Perdue soon bought land near the University of California, Davis so the college could run experiments on the agricultural area. She spent many hours a day managing the rice farm, but years later decided to become a journalist covering farming practices and mental health. Starting in 2022, she began covering the conflict in Ukraine and sold her $1.2 million engagement ring from her late husband to benefit humanitarian efforts in the war-torn region. She's currently working on developing an AI trauma therapist for victims in Ukraine, which has lacked the resources to keep up with demand. For all of her work trips, she always flies economy. Perdue has also lived in an apartment building in Salisbury, Maryland, for many years, rubbing shoulders with working-class residents like nurses and police officers. She says one year's rent in her one-bedroom flat costs just as much as what her New York City friends pay in one month. 'Several Perdue employees live in the same building,' Perdue says. 'It's nice, but no one would call it posh.' And as a self-proclaimed 'low-maintenance badass' frequently visiting New York City, she rides the subway instead of booking Ubers. Perdue also gets her shoes reupholstered, rather than buying new pairs; and designer outfits are shrugged off, as she doesn't like flashing her wealth. Her frugal philosophy is more than just skin-deep. 'I'm unaware of getting praise for wearing really expensive clothes—you get praised like heck for being an Eagle Scout, or working for Habitat for Humanity,' Perdue continues. 'You get praise for serving others.' People who have not grown up with wealth may question why a billionaire would want to live life like the rest of the population: working 9-to-5, sardining on subways instead of calling private cars. The heiress and journalist says her reasoning stems from the emptiness of taking, and the joy of giving. 'I'd sure rather have a life of a feast of unending joy versus not being able to count five happy days,' Perdue says. 'If you want to be happy, think what you can do for somebody else. If you want to be miserable, think what's owed to you.' Mega-yachts and silk pajamas don't fill the void for Perdue—rather, philanthropy and hard work make her feel full. A huge part of Perdue's understanding of having wealth versus living a wealthy life came from both sides of her family. She noted that family businesses that are able to last 100 years are a rarity, but the Hendersons and Perdues were able to make it by putting their best foot forward. 'The families that last learn stewardship,' Perdue said. 'They're not there to go spend it all. They're there to be stewards for the next generation.' This story was originally featured on

Trump has a plan to remake the housing-finance system. It's baffling to many lawmakers and experts.
Trump has a plan to remake the housing-finance system. It's baffling to many lawmakers and experts.

Politico

time38 minutes ago

  • Politico

Trump has a plan to remake the housing-finance system. It's baffling to many lawmakers and experts.

GOP lawmakers and the mortgage industry are raising questions about the Trump administration's plans to maintain government control over much of the nation's housing finance system, defying expectations that it would back off. President Donald Trump surprised the industry late last month by pledging to take public Fannie Mae and Freddie Mac, the government-controlled companies that stand behind half the $16 trillion residential mortgage market — while preserving an implicit federal guarantee for their solvency. His top housing regulator, Bill Pulte, who oversees the companies, added to the confusion by saying the administration is exploring ways to sell shares while keeping the companies under government authority. The insistence on preserving significant sway over the two mortgage giants, which were seized by the Bush administration during the financial crisis and placed in conservatorship, is setting up a potential rift with Republicans — and possibly even some administration aides who have long worked to reduce the government's footprint in the housing market. 'I want to get them out of conservatorship,' said Sen. Mike Rounds (R-S.D.), chair of the Senate Banking subcommittee with oversight of Fannie and Freddie. 'But I want to be very careful about how we do it, because we need the secondary market, and we need it to work,' he added, referring to the market where mortgage loans are purchased and sold to investors. Rep. Andy Barr (R-Ky.), a member of the House Financial Services Committee, said 'we need to continue to investigate recapitalization and releasing' the companies from government control. The question of what to do with Fannie and Freddie has bedeviled policymakers for decades, with Republicans wanting the government to take its hands off housing finance and Democrats fearing that privatizing the firms would destabilize the market and push up mortgage rates. At stake is a potential windfall of hundreds of billions of dollars for an administration that is staring at massive fiscal deficits. The government holds a roughly $340 billion liquidation preference for the two companies, by one estimate — meaning the money would go to the Treasury Department before anyone else in the event of a sale. Pulte, the director of the Federal Housing Finance Agency, will meet with Treasury Secretary Scott Bessent and Securities and Exchange Commission Chair Paul Atkins on June 17 to discuss the future of Fannie and Freddie, underscoring the importance of the issue. Fannie and Freddie don't make loans themselves, but rather purchase them from mortgage companies and bundle them into securities to sell on the secondary market, freeing up the lenders to make more loans. That, plus the government guarantee, helps keep mortgage rates down, supporters say. Trump was widely expected to support privatization, after his first administration worked to prepare the companies for their eventual release. But his latest comments look more like what former President Joe Biden would do, according to Jim Parrott, a nonresident fellow at the Urban Institute and a former economic adviser in the Obama White House. 'In the Biden administration, you could imagine a version of this,' Parrott said. 'The fact that we're hearing about it in this administration, I think, is catching folks by surprise.' The FHFA responded in an email that it is 'studying how, if the President elects to take Fannie and Freddie public, it can be done in the safest and soundest manner which includes keeping them in conservatorship.' It added: 'In any scenario, we will ensure the [mortgage-backed securities] market is safe and sound and that there is no upward pressure on rates.' White House deputy press secretary Harrison Fields said the administration 'is committed to strengthening the Federal Housing Finance Agency to advance the President's mission of restoring the dream of homeownership for all Americans.' Keeping Fannie and Freddie in conservatorship, according to one shareholder, amounts to attaching 'training wheels' as the government figures out how to monetize its stake. 'I think Pulte has probably confused people more than anything with his message,' said Tim Pagliara, a shareholder and author of the book 'Another Big Lie: How the Government Stole Billions from the American Dream of Home Ownership and Got Caught!' 'So the idea, for example, of allowing these entities to operate in conservatorship is a strategy that they probably talked about with the investment bankers on their primary concern, which is mortgage rates going up,' he added. 'It's like putting training wheels on a bike.' The administration's pronouncements have perplexed housing finance analysts who are unsure of what a scheme to take the companies public while keeping them in conservatorship would look like — or whether there would be sufficient investor appetite to make it worthwhile. JPMorgan strategists wrote in a note that they were 'flummoxed' by the comments. 'It's just hard to imagine why anybody would think there would be strong investor interest in that kind of model, unless the government were to convey they were going to run the [government-sponsored enterprises] in a way that's investor-friendly, and I think we're a long way off from that,' Parrott said. David Dworkin, president and CEO of the National Housing Conference, a stakeholders' group, agreed. 'The most important element of a successful stock sale is a board that is truly independent and has a fiduciary responsibility to shareholders,' he said. 'Under conservatorship, that is actually not even allowed. So, without an independent board with a fiduciary responsibility to the shareholders, there is no value to the stock.' Still, he said, 'there are far too many comments coming from major players, including the president of the United States, to avoid the conclusion that major action on conservatorship could be in the very near future.' Another housing finance analyst, granted anonymity to frankly discuss the nascent plans, also expressed skepticism about the idea that investors would bite on purchasing shares in conservatorship, with the federal government still owning the vast majority of the asset. 'The direction of that control can change at the next election,' the analyst said. 'Each administration has already demonstrated they want to use Fannie and Freddie in different ways, so what are you investing in?' For the most part, Republican lawmakers are keeping their powder dry as they wait for additional details about the administration's plans. '[Senate Banking Committee] Chairman [Tim] Scott looks forward to hearing more' from Trump and Pulte on their plans for Fannie and Freddie, spokesperson Ben Watson said. Asked if conservatorship should end, Sen. John Kennedy (R-La.), a member of the Banking subcommittee with oversight of Fannie and Freddie, said, 'I don't know.' 'We're going to wait until the first quarter of 2026 to have that conversation,' said Rep. Mike Flood (R-Neb.), chair of the Financial Services housing subcommittee. 'Releasing them from conservatorship, that's one thing, but most of the folks I talked to still want the federal government on the hook.' The first Trump administration worked to build capital at the companies to prepare them for the end of conservatorship, an effort led by then-Treasury Secretary Steve Mnuchin and former Federal Housing Finance Agency Director Mark Calabria. Calabria has returned for Trump 2.0, now in a position with the White House Office of Management and Budget. Two key Treasury officials — Jonathan McKernan and Luke Pettit — also hail from the school of thought that Fannie and Freddie should be released from conservatorship. 'The Treasury Department has not really engaged on this yet — so it does not appear to me that the administration is very far into the analysis of options phase,' Parrott said. 'Until the Treasury Department really engages in any of this meaningfully, it's hard to know where all this lands.'

McCarthy slams Newsom over LA protests: ‘It is embarrassing'
McCarthy slams Newsom over LA protests: ‘It is embarrassing'

The Hill

time38 minutes ago

  • The Hill

McCarthy slams Newsom over LA protests: ‘It is embarrassing'

Former House Speaker Kevin McCarthy (R-Calif.) slammed California Gov. Gavin Newsom (D) for his handling of the Los Angeles protests that have ignited over the Immigration and Customs Enforcement (ICE) raids in the area. 'You've got to look at our governor. First, he created a sanctuary state. Then, if you listen to the protesters. It's really not about immigration. It's about trying to take California back to Mexico. Look at the flags they're waving. Look at what they're saying,' McCarthy said during an episode of 'Cats Roundtable' on WABC 770 AM that aired Sunday. 'I mean, and I don't understand how Democrats are standing with that. I mean, whatever happened to law and order and safe streets. And look what they're doing. They're literally throwing fireballs at cop cars. They're throwing bricks at officers,' McCarthy told host John Catsimatidis. 'I mean, it is embarrassing.' Newsom's office hit back at McCarthy in a statement to The Hill, accusing him of 'chasing relevancy.' 'The former short-term speaker is chasing relevancy and has no idea what he's talking about. This is simply incorrect. First, SB 54 was enacted before Governor Newsom took office. McCarthy should be fully aware of this,' Newsom's office said. 'Second, our state laws do not conflict with any federal law. As a former representative of the California's Central Valley, McCarthy's disrespect for the diverse and rich community that help make this state and the region he represented great is abhorrent. Period. Full stop.' Newsom, along with Los Angeles Mayor Karen Bass (D), has received heavy criticism from Republicans over their response to the Los Angeles protests that have seen violent protestors vandalizing a federal building and setting cars on fire. President Trump's administration greenlighted the deployment of Marines and the National Guard to Los Angeles, arguing troops are needed to safeguard personnel and buildings. Newsom, Bass and other Democrats have slammed the move, contending the troops' involvement would further inflame the situation. The Marines made their first temporary arrest of a protester in Los Angeles on Friday. Newsom has pushed back against the criticism, embracing the confrontation with Trump through interviews and public speeches. Some within the Democratic Party are arguing that the California governor, seen as one of the contenders for the party's nomination in 2028, is taking the right approach amidst the blowback. 'This is what Gavin does best. He is absolutely unapologetic about getting up in someone's face and calling out their weaknesses. That's why he's so effective in going after Trump and MAGA Republicans,' one longtime Newsom ally told The Hill this week.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store