Iowa State University Extension Economist Chad Hart says the Chinese buying spree has been positive. “They’ve been incredibly aggressive in the past 12 months. Some of the buying is related to the growing economy and rebuilding after African Swine Fever. Some of the sales are also linked to the phase one trade deal. We’re in the last few months of that.” Hart says if China’s pace of purchases are similar to 2020, this should be a good year for farmers.
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