Some 20-odd Chinese and US enterprises on Thursday [13 July 2017] signed agricultural transaction contracts worth $5.012 billion, under which Chinese enterprises will import 12.53 million metric tons of soybean and 371 tons of pork and beef from the US companies. Nearly 100 officials and enterprise representatives from China and the United States attended the signing ceremony held in Des Moines, Iowa…Full Article: China Daily July 2017

Key Point

  • As of 11 May 2017, during the 2016 to 2017 crop year, China had imported 33.79 million MTs of US soybeans, a year-on-year increase of 32.2% (26.747 million MTs as of May 2016 for the 2015 to 2016 crop year. [According the USDA-ERS, the crop year for US soybean begins on September 1st and ends August 31st].

ChinaAg Comments

  • In June 2017, a Chinese delegation from Beijing visited Kimberley Farms in Iowa. Members of the visiting Chinese delegation inquired about genetically modified crops. A representative of the Kimberley Farms noted that approximately 90% of their soy and corn crops are genetically modified. Members of the Kimberley Farms are reportedly assisting in establishing a demo farm project in Hebei Province.
  • In 2017, it was reported construction may begin on the Iowan model farm (see Kimberley Farms, Iowa) near Chengde, in northern Hebei Province. Another model farm may be constructed in Jilin Province at a later date.
  • In October 2016, Chinese representatives signed US$2.1 billion (totaling ~5.1 million MTs of agricultural goods) worth of agricultural contracts in Des Moines, Iowa. From 2015/2016 to 2016/2017 seasonal year, Chinese soybean consumption was expected to increase from 95 million MTs to 98 million MTs, with imports expected to reach 83 million MTs during the 2016/2017 seasonal year.
  • In September 2015, Chinese soybean importers signed agreements to purchase 13.18 million MTs (~US$5.3 billion) after attending US conference in Des Moines, Iowa. The US soybean exporters to China included Archer-Daniels-Midland (ADM), Cargill and Louis Dreyfus Group.
  • In April 2013, approximately 75 companies from Hebei Province visited Iowa.
  • In October 2012, Chinese soybean importers visited Mitchell County, Iowa.
  • In February 2012, after a 27 year hiatus, Xi Jinping revisited Muscatine, stating “coming here is really like coming back home.” At an official dinner in Des Moines, the governor of Iowa toasted Xi saying “Iowa farmers are proud to harvest safe and reliable agricultural products for use by the people of China.” During the visit, U.S. companies Cargill Inc. and the Archer-Daniels-Midland Co. signed contracts to export $4.3 billion worth of soybeans to China.
  • In 1985, Xi Jinping (age 31) led a small animal feed delegation from Hebei province to study American agriculture and paid a 3-day visit to the town of Muscatine (pop. 23,000), eastern Iowa. As of 2011, Iowa was the top US soybean producer at 466 million metric tons or 12.7% of output.
  • In 1983, Hebei Province became an Iowan sister-state.
  • In 1980, Xi Jinping’s father, Xi Zhongxun visited Iowa to learn about the state’s agriculture industry.

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