Export boom to China boosts U.S. agriculture sector (Mileno)

Milenio (Spain) published an article stating that China now finds itself at the center of a change in the fortunes of farmers as the export boom and rising food prices are driving a recovery in the agricultural economy of the United States. Beijing promised to import at least $80 billion of agricultural products from the US over two years in its early 2020 trade deal with the White House. China was 22 percent short of its commitment for 2021 in April but is “quickly catching up,” according to the American Farm Bureau Federation, a lobbying group. Senior research fellow, Joseph Glauber was reluctant to attribute the increase in sales to the preliminary trade deal. He pointed to the country’s partial recovery from African swine fever, which decimated the country’s pig herds, as a force behind the demand for feed grains. “I don’t think this is a temporary phenomenon,” Glauber said. “I think China will continue to be a very strong importer.”