On The Radio – China agrees to purchase $5.3B in soybeans from U.S.


A soybean field near Williamsburg, Iowa. (Chris Yunker)
A soybean field near Williamsburg, Iowa. (Chris Yunker)
November 2, 2015

This week’s On The Radio segment looks at a recent agreement China made with the United States to purchase more than $5 billion worth of soybeans from American farmers.

Transcript: China agrees to purchase $5.3B in soybeans from U.S.

Chinese leaders signed an agreement to purchase more than 5-billion-dollars worth of soybeans from American farmers during a recent visit to the United States.

This is the Iowa Environmental Focus.

Last month a 49-member Chinese delegation signed a deal with U.S. officials to purchase roughly 13 million metric tons of soybeans – or approximately 484 million bushels. The agreement was reached during a recent trip Chinese President Xi Jinping made to Seattle. This deal accounts for roughly half of China’s annual soybean purchases.

Iowa governor Terry Branstad traveled to Seattle to meet with President Xi Jinping. Branstad said roughly 30 percent of the soybeans China imports come from Iowa. Iowa farmers are expected to harvest about 525 million bushels of soybeans this year.

During his visit, President Xi Jinping also announced that beginning in 2017, China will implement initiatives to reduce greenhouse gas emissions and utilize more renewable sources for generating electricity.

For more information about the agreement, visit Iowa-Environmental-Focus-dot org.

From the UI Center for Global and Regional Environmental Research, I’m Betsy Stone.

 

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