Agro World Dergisi published an article stating that Donald Trump’s trade war with China left American farmers dependent on government handouts to survive. But China is now at the heart of a reversal in farmers’ fortunes, as booming exports and soaring food prices fuel a recovery in the US agricultural economy. The US is on course to ship a record $37.2bn worth of farm goods to China this year, led by sales of soybeans, corn, tree nuts, beef, wheat and poultry, Senior Research Fellow Joseph Glauber was reluctant to credit the preliminary trade deal for the rising sales. He pointed to the country’s partial recovery from African swine fever, which decimated the country’s pig herd, as a force behind feed grain demand. “I don’t think this is a temporary phenomenon,” Glauber said. “I think China will continue to be a very strong importer.” The trade war that began in 2018 made some parts of the farm industry leery of reliance on Chinese purchases.
China’s import appetite raises prospects in US farm belt (Agro World Dergisi)
June 15, 2021