china

First, it was a competition issue, but recently, foreign ownership of U.S. farmland, especially by China, has become a U.S. national security issue.  With that Chinese spy balloon spotted over Montana, the U.S. Air Force is now warning, proposed Chinese land buys in North Dakota are too close to a military drone testing facility.  Io...

On Thursday, Representative Dan Newhouse and his House colleagues introduced the Prohibition of Agricultural Land for the People’s Republic of China Act.  Supporter say the legislation would prohibit the purchase of public or private agricultural land in the United States by foreign nationals associated with the Government of the People’s Republic of China.   "The Ch...

It was January 15th, 2020 when the U.S. and China signed the Phase One Trade agreement, which the Trump Administration said tore down major market barriers for American food and Ag exports.  The long-term hope was China would committee to buying even larger amounts of U.S. produc...

Oil prices continue the march higher we’ve seen through the first three weeks of 2023.  West Texas Crude was up slightly in Monday’s trade, around $81 per barrel.  Patrick DeHaan with Gasbuddy said there are several issues pushing oil prices higher, and tops on that list, China.   “Reopening its economy, the...

Recession fears dominated the headlines out of the World Economic Forum's meeting in Davos.  Those headlines continue to chip away at the optimism that stoked the market last week on prospects that fuel demand would increase in China.  The U.S...

Last week, Senator Chuck Grassley announced plans to reintroduce the Farm Credit for Americans Act.  The legislation bans the federal government from allowing foreign individuals to obtain credit and financial services through the Farm Credit System.  The Iow...

After recording huge numbers in 2021, beef export figures came back to earth in November 2022.  But the news is far from bad, according to U.S. Meat Export Federation President and CEO Dan Halstrom.  He noted while beef exports were down year-over-year in November, several markets set new yearly value records in just 11 months.   “Korea, Ch...

Oil prices started the new year moving up slightly.  West Texas rose roughly 3% in Monday’s trade to $76 per barrel.  Patrick DeHaan with GasBuddy said it's been a bumpy start to the year.   “Oil prices still a bit lower than what they were a week ago, but oil prices in full rally mode today with China giving us strong indication of a full reopening happening.”   DeHaan said investors don’... Read

The USDA’s Foreign Agricultural Service released a report titled U.S. Beef Exports to East Asia on a Record Pace.  Despite economic uncertainties brought on by COVID, continued global supply chain challenges, and a competitive global beef market, American exports to East Asia were outstanding in the first half of 2022 in terms of value and volume.   The re...

Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022.  Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but a...