In welcoming scores of Chinese and American business leaders to Omaha, Nebraska Governor Pete Ricketts said that he believes the state’s relationship with China will grow. “In China, we see the middle classes are increasing tremendously,” Ricketts said on Friday [5 May 2017]. “That presents opportunities for us to expand the relationship. In Nebraska, we think long term.” “That’s actually one of the things that is very similar between the Nebraska culture and Chinese culture — emphasis on long term. That’s why I think the relationship with China will grow,” he said…Full Article: China Daily May 2017

Key Points

  • To date, Chinese direct investments in Nebraska include USD 25 million in Worldlawn Power Equipment (lawnmower and farming equipment manufacturer) by Jiangsu World Group (Zhenjiang, Jiangsu Province) and USD 3 million in in shipping and logistics by Easyway International (Xi’an, Shaanxi Province).
  • Recently, Nebraska’s Preferred Popcorn (founded 1997, popcorn producer) sold an additional 10 million pounds (~4,536 MTs) of popcorn to China’s Zhong Liang Tian Run (ZLTR) Trading.
  • In the fall of 2016, construction began on a demonstration Nebraskan farm in Yangling, Shaanxi Province. Nebraska constructs 80% of the USA’s center pivot irrigation equipment.

ChinaAg Comment

  • In November 2016, Nebraska’s Preferred Popcorn signed a contract with China’s Zhong Liang Tian Run (ZLTR) Trading. ZLTR resells the shipments of bulk popcorn (flavors of salty, sweet, and semi-sweet) in 50-pound bags to Chinese movie theaters and ready-to-eat markets.

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