Posted on 07/14/2017 10:50:21 AM PDT by jjotto
Winning?
Winning.
The Trump/Branstad effect.
I’m cool with this as long as these farmers understand that in the event of a trade war these contracts have the potential to be cancelled. These farmers should know what they’re getting into with a regime like China...
For comparison, total US soybean production in 2016 was about 4.3+ billion bushels, with Iowa producing 570+ million bushels.
Sheesh, you must think farmers are idiots.
Ag production can vary more than this ten percent yearly due to weather vagaries. This is a big deal, but not much more risky than anything in agriculture.
Perhaps they will switch to soybeans and syop producing so much corn. I’m thinking less corn, less ethanol. It can help change the gasoline blending requirements and we all win.
heh heh
Fortunately, something like 98% of soybeans feed animals, not people.
Man-boobed, leftist, tofu-munching beta males. Absolutely nothing different from what we have here.
Huge demand for soybeans. No worries.
Now if only we could get farmers out of the ethanol business. Surely there are other uses for the corn that is used there, or at least the farmland. We should not be using food for fuel. We have plenty of gas and oil for our vehicles.
The widening of the Panama Canal makes our agricultural exports more cost effective, so expect more deals like this.
President Xi: “Is this Heaven?”
President Trump: “No, it’s Iowa”.
President Xi: “Could have sworn it was Heaven”.
(Field of Dreams)
This is very, very big news.
WILL FARMERS SELLOUT AMERICA FOR $$$?
Farming the World: Chinas Epic Race to Avoid a Food Crisis
https://www.bloomberg.com/graphics/2017-feeding-china/
Californians, Chinese Scooping Up Farmland in Washington State
http://www.nbcnews.com/business/real-estate/californians-chinese-scooping-farmland-washington-state-n401841
Saudi Arabia buying up farmland in US Southwest
http://www.cnbc.com/2016/01/15/saudi-arabia-buying-up-farmland-in-us-southwest.html
“Now if only we could get farmers out of the ethanol business.”
You said it!
Putting corn in the gas tank is foolish; how it became a common practice only demonstrates how ‘broken’ our government is.
Not to mention it hurts the engine and reduces power (I’m told).
I produced 1000 bu last year to contribute to the effort.
Each step towards 4.3 billion bushels begins with but a tiny seed planted millions of times, good weather, adequate sunshine and rain, and a farmer who tends it all.
Yep, ethanol for fuel is one of the wasteful ideas ever propagated.
Not really, I am just envisioning the howls of protest that we’re stealing food off their kid’s plate, when in reality this was always going to be a risky transaction due to the nature of the purchasing party.
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