"We may lose the Chinese market forever" - U.S. soybean exporter (illegal, illegals)
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What percentage of farmers do you believe have much of a reliance on China as a customer?
I'll even give you a clue. Of all our agricultural production, just under 3% is exported to China.
In 2017, U.S. agricultural exports to China reached $23.8 billion, over 17 percent of U.S. total agricultural exports. From 2000 to 2017, U.S. agricultural exports to China increased by 700%. Soybeans are China's No. 1 agricultural import from the U.S., with a 52% market share.
It could be 3% now..... Though one could argue that is a problem for farmers.
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What percentage of farmers do you believe have much of a reliance on China as a customer?
I'll even give you a clue. Of all our agricultural production, just under 3% is exported to China.
Does that include all the ag production used here for Chinese companies like the largest pork producer in the world......which they own?
Does that include finished or partially finished products which are the results of ag production?
It's hard to keep up. If a Chinese owned piece of American land grows a crop and sends it to a Chinese owned plant in NC to feed pork and then creates finished meat which is shipped to China, is it an "American" export?
I think this is why Forums don't do economic calculus.
What percentage of farmers do you believe have much of a reliance on China as a customer?
I'll even give you a clue. Of all our agricultural production, just under 3% is exported to China.
Pedro,
Our entire "beef" with China is about less than 1% of their production which represents perhaps the Amount that Trump (in his folly or not) wants to cut or even-out imports by.
Yet many here are saying that we will hurt China BAD by messing with this 1%.
Are you then saying that a hurting double or triple that size is nothing...nothing???
I think the more pressing concern of the moment is China is looking at cutting off sales of rare earth products to the US, and we buy 80% of it from them. This will further the impact to our tech and auto sectors.
Thinking China cannot retaliate just because they buy less from us is far from the reality.
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I think the more pressing concern of the moment is China is looking at cutting off sales of rare earth products to the US, and we buy 80% of it from them. This will further the impact to our tech and auto sectors.
Thinking China cannot retaliate just because they buy less from us is far from the reality.
I would agree with you. I just posted that to show another concern of Wall Street.
I would agree with you. I just posted that to show another concern of Wall Street.
I don't disagree with what you posted. Interesting that Huawei is going to sue the US, AND they said they do not support an Apple ban in China.
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Very possible. Brazil is loving this opportunity and selling tons of soybeans to the chinese. Why would they switch back to us when everything is said and done?
Plus, Brazil still has lots of cheap land. Brazil is still clearing a million acres of rainforest a year and converting it to agriculture. The Matto Grosso alone is as large as the whole US midwest. Also, the Midwest is on the verge of a steady decline in agricultural production.
The Oglalla aquifer is already dry in parts of Texas, and much of it will be gone in 8 states within 15 years. The last sip of water won't be gone for 50 years, but the margins are already shrinking. For comparison, by the time the SS trust fund is exhausted, half of the irrigated acreage in the Midwest will be gone.
We could fix that by recharging the aquifer with flood waters, but nobody is interested in the infrastructure. It's one more example of not supporting American industry.
I think the more pressing concern of the moment is China is looking at cutting off sales of rare earth products to the US, and we buy 80% of it from them. This will further the impact to our tech and auto sectors.
Thinking China cannot retaliate just because they buy less from us is far from the reality.
They also tested the nuclear option by selling $10 billion in US dollars. They could wreck the value of the dollar by dumping dollars, and nobody could stop them.
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Interesting that Huawei is going to sue the US, AND they said they do not support an Apple ban in China.
