China
In October 2023, Arkansas became the first state to ban foreign-owned farmland. More states look to adopt similar laws, but one policy expert says the issue is rooted in politics and warns of unintended consequences.
From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists’ Monthly Monitor shows the possibility of several economic surprises.
Not only has ASF rocked China’s pork supply, but pork prices more than doubled to reach record levels. A new report investigates the degree to which China’s reduced pork supply affected pork-exporting countries.
A larger issue than foreign ownership of U.S. land is potentially being overlooked.
China’s Commerce minister expressed concerns over trade and tech restrictions to U.S. Senate Majority Leader this week. That’s as the U.S. Commerce Department added 42 more Chinese companies to the export blacklist.
China’s GDP growth could possibly drop lower than the U.S. this year. In fact, fewer and fewer sectors are healthy, and only then by direct government intervention.
Roughly 37.6 million acres of U.S. ag land is foreign owned, according to USDA. However, select purchases of U.S. land could come to an end following a Senate vote this week.
China contains the largest population of any country in the world. All those mouths drive demand across the globe and for your farm’s products.
A consortium led by major Chinese pig feed producer Twins Group will lead the restructuring of Jiangxi Zhengbang Technology 002157.SZ, previously one of the country’s top pig breeders, Zhengbang said on Monday.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
China’s second-quarter pork output rose 4.6% from a year earlier to 14.4 million metric tons, the highest in at least a decade for the period, as farmers raised more pigs on hopes of better demand.
The House Select Committee on the Chinese Communist Party (CCP) introduced an act to prevent foreign adversaries from exploiting U.S. land near security sites, and would push a review of current ownership in these areas.
This slump, deeper than May’s 7.5% drop, represents the largest decline since February 2020.
Beijing on Monday announced export controls on gallium and germanium. Now the Biden administration is set to restrict Chinese companies’ access to U.S. cloud-computing services that use AI chips.
The U.S. and China have reportedly made “progress” and agreed to stabilize their relationship, but no major breakthroughs were outlined during the two-day meeting between U.S. and China high-ranking officials.
China’s exports to Russia reached a record high in April, amounting to $9.6 billion.
The Office of Investment Security proposed a rule on Friday that would require foreign entities to garner U.S. government approval before they are able to purchase land within 100 miles of eight military bases.
The Missouri Senate on Wednesday backed a plan to amend the state’s foreign land ownership threshold. The bill also includes a provision that would limit foreign countries from acquiring farmland in Missouri by Sept. 1.
China’s soybean acreage may only slightly increase this year, an official said on Thursday, suggesting output is unlikely to match last year’s jump due to soft prices.
China’s first-quarter pork output rose 1.9% from a year earlier to 15.9 million metric tons, the highest quarter in five years, after farmers sold off pigs because of a surge in disease outbreaks.
Chinese pork processing giant WH Group processed 30% more poultry last year. Competition in pork processing is growing in China, with more hog producers building slaughterhouses to integrate operations.
Former President Donald Trump placed tariffs on more than $300 billion in Chinese goods during his presidency, raising costs for American companies, according to the ITC.
“In this current situation, the traditional approach to free trade agreements — which isn’t just tariff cuts, but that they do tariff cuts on a fully comprehensive basis — isn’t what we need right now,” Tai says.
After easing China’s COVID restrictions and a wave of COVID moved through its residents, Chinese consumers are quickly returning with an excess of cash in hand, the U.S. Meat Export Federation reports.
Carcass utilization is a key profitability figure that needs more focus, says Bob Ruth, a Pennsylvania pork producer recently retired from Clemens Food Group. It may even be more important than pounds sold.
Much ink and many pixels have been wasted, in my opinion, on rants about people other than U.S. farmers owning farmland. Surprisingly, critics are just as hard on wealthy Americans as foreigners.
COVID-19 continues to plague pork demand in China. Meanwhile, the country’s hog numbers continue to rise.
Officials in China now say the population sits at 1.4 billion, which came as a surprise to many economists and market analysts. The news draws concerns about what it means for demand both short- and long-term.
If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government’s operations and ward off a historic default.
China’s pork output in 2022 increased by 4.6% from 2021 to reach its highest since 2014, official data showed on Tuesday, confounding some expectations for a smaller rise.