Posted on 07/14/2017 10:50:21 AM PDT by jjotto
DES MOINES, Iowa
Iowa farmers received a major boost Thursday after a Chinese delegation in Des Moines signed commitments to purchase nearly all of Iowas soybeans.
The $4.5 billion deal to buy 460 million bushels of soybeans comes a week before Gov. Kim Reynolds is expected to lead an agricultural trade mission to China and brings tremendous value to the Iowa economy. Advertisement
As an Iowa farmer, this is huge, said April Hemmes, a farmer who owns a 1,000-acre farm near Hampton in rural Franklin County. They basically bought the entire production that we have in the state of Iowa.
Listening to translators through earbuds, agricultural leaders and exporters gathered at the Embassy Club in downtown Des Moines for the signing ceremony hosted by the United States Soybean Export Council.
It was the request of the Chinese to come to Des Moines, said Jim Sutter, U.S. Soybean Export Council CEO. They have fond memories of (President Xi Jinpings) visit and his time here, and its become legendary in China.
The deal includes purchasing nearly all of Iowa's soybean production of 12.53 million metric tons, which is a big deal that they would, in one day, sign 10 percent of total U.S. crop purchases.
It provides a great base for U.S. demand for soybeans, Sutter said. Its a huge market and huge opportunities for farmers of Iowa.
Nearly 60 percent of soybeans grown in the United States are exported to other countries, and China remains the No. 1 customer.
The Chinese delegation from seven companies also signed contracts for sorghum, pork and beef.
“(Field of Dreams)”
The singer for my old Milwaukee band, Methyl Ethyl and The Ketones, Amy Madigan, starred in that movie.
“Saudi Arabia buying up farmland in US Southwest”
Thanks for those links. I’m really not liking the idea of the Saudis, or any other nation for that matter, buying up the farmland so they can grow their crops here for export back to their own nation. It gets even worse that the areas they’re buying have unlimited water usage. So while California is forcing farmers in the Central Valley to quit farming due to water shortages, the Saudis are using all the water they want to grow alfalfa to ship back to dairies in SA. Essentially, because they own the land, they are shipping our nation’s water to SA, using as much as they want for free. This needs to end NOW.
[The pros and cons of phytoestrogens]
many are also considered endocrine disruptors, indicating that they have the potential to cause adverse health effects as well
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3074428/
What does this mean?
Its good publicity for China, on a commodity they have to import regardless whether it comes from the USA, Argentina, Brazil or Canada (and which they likely would have purchased anyway), but all the soybeans in America will hardly make dent in the USA’s $350 billion yearly deficit with China.
The best news of all is that the money is not coiming from the taxpayer.
>>Man-boobed, leftist, tofu-munching beta males.
Groomed, coddled, fed, and led by Feminazi poodle herders.
What percentage of the soybeans will be converted to ethanol?
Do the farmers get the money or Cargill?
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