The Potato Business Summit kicked off with a look at the farm economy. The relationship between the U.S. and China is one focus for Rabobank Vice President of Food and Agribusiness Research Stephen Nicholson. The economist doesn’t expect China to reach the first-year purchasing goal, yet they continue to buy. “We need to be thinking about China in a longer lens than just the phase one trade deal. China needs a lot of stuff. They’re rebuilding stocks, hog herds and this is a multi-year event. Looking at this from the view of the commodity markets, this is positive. This is a two or three year event.”
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