Posted on 09/25/2015 9:04:43 PM PDT by TigerLikesRooster
Chinese buy $5.3 billion in Iowa soybeans
• By Rod Boshart
DES MOINES | Representatives of the soybean industry and Chinese trading partners signed contracts Thursday valued at $5.3 billion.
Leaders of a large commercial delegation from China and officials from the Iowa Soybean Association and the U.S. Soybean Export Council were on hand for an official signing ceremony involving more than a dozen contracts to purchase soy products equaling 13.8 million metric tons in the 12-month marketing year running through Aug. 31, according to information provided by Gov. Terry Branstad office.
According to the Iowa Soybean Association, Iowa farmers produce 13 million to 15 million metric tons of soybeans a year.
Branstad, speaking to a symposium that included the 49-member Chinese delegation, said trade between Iowa and China has dramatically increased over the past decade with 30 percent of the soybeans produced in Iowa now going to China.
(Excerpt) Read more at wcfcourier.com ...
Yup, they sell us toys and crap with hazardous materials in it.
which is why you should celebrate this deal.....
We are selling the Chinese raw materials and food stuffs and they are selling us manufactured goods. It is the same relationship the colonialists had with their colonies.
We are destroying the middle class as the good paying jobs are exported and we are relegated to a service economy. For example, it is cheaper to build TV sets abroad and send them back to the US than it is to build them here. Shouldn't we be trying to create a business environment where that is not the case?
I didn’t say it was statistically significant, but it’s pretty self defeating of your own logic to demean ANY exports to China.
If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.
But see, I don’t think you want this solved. I think you just have a visceral irrational hatred of China and naively think we can exist in the world economy without doing business with them.
Servant and Catherine: THEY DESTROY THEIR OWN LOGIC WITH THEIR EMOTION PING.
What about the good freer trade has brought?
The concept that there ever can be a "trade deficit" in a non-coercive trade.
If they were “bads”, then people wouldn’t buy them, but even in a free market inferior goods can be sold if the consumer wants them.
What will farmers do with the 14 million tons of soy beans they will no longer be allowed to sell to China?
So DannyTN buys a condo from Trump. Does DannyTN now have a “trade deficit” with the Donald?
It is hard to compete. That’s true, so less competition is the solution?
Phony strawman. I am just putting it in context.
If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.
Individual businesses may benefit, but running huge deficits with China and having good paying jobs migrate overseas is not in our national interests.
Phony strawman. I am just putting it in context.
If you are so concerned about this deficit - and I’m not because I run a deficit with everybody I buy anything from - and run a surplus from my business dealings and writing and so on - then you should welcome any and every deal of any size that is an export to China. This includes the 300 jet liner deal.
Individual businesses may benefit, but running huge deficits with China and having good paying jobs migrate overseas are not in our national interests. American wages have stagnated for decades and we have our lowest labor participation rates in 38 years. We have a huge surplus of labor.
But see, I don’t think you want this solved. I think you just have a visceral irrational hatred of China and naively think we can exist in the world economy without doing business with them.
Another phony strawman. I want an even playing field. I don't want currency manipulation and the theft of intellectual property to give China and other countries an unfair advantage over us.
We are not competing on a level-playing field.
No one ever is. Imagine you open a restaurant, Kabar’s Place, and I open one right next door, RD’s. We both compete, but, unbeknownst to you, my rich uncle is subsidizing me and so I can sell below you.
Who loses? Who wins?
Your silly analogy shows the level of your understanding of what is happening.
no one is getting rich off this but there will be food on the table for some farmers without subsidies.
They will just pay more.
They'll pay the market price.
Kikkoman is my favorite.
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