China
John Phipps says the rapid reduction in farmer numbers is a result of government efforts to raise money, since the government owns the land, and achieve modest economies of scale for added productivity.
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.
China contains the largest population of any country in the world. All those mouths drive demand for your farm’s products.
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.
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.
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.
It may seem like years ago, but it was just this past June when farmers reported selling $8 cash corn and $18 cash soybeans. Today, cash prices look much different–hovering around $5.50 for corn and $13 for soybeans.