US Treasury Secretary Bezent is a key figure in implementing US President Trump's economic agenda. He revealed on Sunday that he had recently sold his interest in a soybean farm in order to comply with the moral agreement he signed when he joined the government in January of last year. The asset sale occurred four months after the US Government Ethics Office sent an August 11 letter to the Senate Finance Committee. The office stated in the letter that Bezent failed to comply with some of the terms of the ethics agreement, which were designed to avoid any potential conflict of interest. “I have been involved in agriculture and run a soybean farm,” Bessent said in an interview earlier about the trade situation facing American farmers. He immediately added, “In fact, as part of the ethics agreement, I just completed the sale of this asset this week and am now out of the business.” The New York Times once reported that Bezent owns up to $25 million worth of soybean and corn farmland in North Dakota, with thousands of acres of farmland bringing him up to $1 million in rent income each year. As part of the ethics agreement, Besant promised to sell its Key Square Group hedge funds and other assets to avoid conflicts of interest. The sale of most assets was due to be completed by April 28, 2025. In a statement issued by the Treasury Department in August, Bessent said he has completed 96% of the asset sales tasks required by the moral agreement, and plans to complete the sale of the remaining assets before the end of the year.

US Treasury Secretary Bezent is a key figure in implementing US President Trump's economic agenda. He revealed on Sunday that he had recently sold his interest in a soybean farm in order to comply with the moral agreement he signed when he joined the government in January of last year. The asset sale occurred four months after the US Government Ethics Office sent an August 11 letter to the Senate Finance Committee. The office stated in the letter that Bezent failed to comply with some of the terms of the ethics agreement, which were designed to avoid any potential conflict of interest. “I have been involved in agriculture and run a soybean farm,” Bessent said in an interview earlier about the trade situation facing American farmers. He immediately added, “In fact, as part of the ethics agreement, I just completed the sale of this asset this week and am now out of the business.” The New York Times once reported that Bezent owns up to $25 million worth of soybean and corn farmland in North Dakota, with thousands of acres of farmland bringing him up to $1 million in rent income each year. As part of the ethics agreement, Besant promised to sell its Key Square Group hedge funds and other assets to avoid conflicts of interest. The sale of most assets was due to be completed by April 28, 2025. In a statement issued by the Treasury Department in August, Bessent said he has completed 96% of the asset sales tasks required by the moral agreement, and plans to complete the sale of the remaining assets before the end of the year.