U.S. Treasury Secretary Scott Bessent has divested his interests in a soybean farm to comply with an ethics agreement signed in January. This move follows a warning from the U.S. Office of Government Ethics in August about non-compliance. Bessent owned up to $25 million in soybean and corn farmland, earning $1 million annually. As part of the agreement, he pledged to divest his hedge fund and other assets by 2025. Bessent completed most divestitures by August, with the remaining 4% to be done by year-end. This ensures he avoids potential conflicts of interest as he helps implement President Trump’s economic agenda.

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