Trump tells why American farmers are happy over unfrozen Iranian funds: ‘Money will be used to...’

Published 23 June 2026 · us

US President Donald Trump shared details about the outcome the Iran-US talks which were held in Switzerland and said on Monday (local time) that unfrozen

US President Donald Trump shared details about the outcome the Iran-US talks which were held in Switzerland and said on Monday (local time) that unfrozen Iranian funds would be spent exclusively on US agricultural goods, including corn and soybeans bought from American farmers. After the first round of talks in Switzerland, following the signing of their memorandum of understanding, Trump spoke about negotiating a “fair and reasonable deal.” Trump said, “One of the things that we are doing also, and it came up last night is that the money that's being unfrozen is going to be used to buy food, and the food is gonna be bought exclusively through the United States, from our farmers.” Quick answers to key questions • 5 QUESTIONS 1 How will unfrozen Iranian funds be used according to Trump? ⌵ Trump stated that the unfrozen Iranian funds would be exclusively used to purchase agricultural goods, including corn and soybeans, from American farmers. 2 Why are American farmers happy about the unfrozen Iranian funds? ⌵ American farmers are pleased because the funds will be utilized to buy their agricultural products, which is expected to boost their sales and support their livelihoods. 3 What conditions surround the purchase of agricultural inputs by Iran? ⌵ Iran is not obligated to buy agricultural inputs exclusively from the U.S., but will consider American products if their price and quality are competitive compared to offerings from other countries.

4 What role did JD Vance play in the negotiations regarding Iranian funds? ⌵ JD Vance detailed discussions on establishing mechanisms to ensure that unfrozen Iranian assets would be directed towards purchasing American agricultural goods. 5 What types of agricultural products are expected to be purchased from the U.S. by Iran? ⌵ Expected purchases include U.S. agricultural commodities such as corn, soybeans, and wheat, as part of the framework for using the unfrozen funds. "Corn, soybeans and other things will be bought from American farmers," Trump said while speaking in the White House. "So our farmers are very happy. I've had a lot of calls. They were very happy about that," Trump added. This is a seen as a strategy aimed at simultaneously aiding Iranian civilians and supporting US farmers. Trump's statement came after United States Vice President JD Vance, alongside Iranian Parliament Speaker Mohammad Bagher Ghalibaf, concluded an intensive round of talks in the Swiss resort of Burgenstock, building upon a memorandum of understanding signed last week. These proceedings were facilitated by representatives from Qatar and Pakistan. On Monday, JD Vance also detailed that discussions centred on establishing mechanisms to channel these funds exclusively towards the procurement of American agricultural goods. Under a proposal developed by senior US negotiator Jared Kushner in coordination with Qatari officials, sanctions relief would be tied to the purchase of American agricultural commodities such as wheat, corn, and soybeans.