Wendong Zhang, assistant professor, made a presentation at the 2020 Virtual Ohio Agricultural Policy & Outlook Conference on "China's Agricultural Transformations and its Global Trade Implications" Nov. 9.
The recordings of the program can be found here at https://aede.osu.edu/programs/202021-agricultural-policy-and-outlooks/program
Zhang also presented "Developing Ecosystem and Social Metrics with the Hypoxia Task Force" at the Sustainable Agriculture Summit, Nov. 19.
Successful Farming story, Nov. 13
Speaking at an agricultural conference sponsored by Ohio State University, Zhang said, “Both countries are trying to make this work.” If imports are counted since the trade agreement took effect in mid-February, “what we are forecasting is China will buy $31 billion” in the following 12 months, he said. The forecast included $11 billion worth of soybeans, $2.7 billion of pork, $1.8 billion of cotton, and $1.5 billion of corn.
Morning Ag Clips, Nov. 17
“Deteriorating bilateral relations make the Phase 1 trade deal even more important,” said Zhang. “The change of the federal administration and the Phase 1 deal give both countries an opportunity to improve and rebalance their portfolio. A more balanced portfolio will allow China to strengthen economic ties with agricultural states outside the US Midwest, such as California and Florida, and also fits China’s diversification objectives of not solely relying on soybeans when buying US agricultural products,” he said.
Chatham News + Record, Nov. 19
“Definitely, there is already significant improvements in the exports and commodity prices, especially in recent months,” said Wendong Zhang, an assistant professor in Iowa State University’s Department of Economics.
Brownfield Ag News, Nov. 18
“Even though this number is still lower than the promised value of around 35 to 36 billion dollars, if realized, this will be the highest watermark—the highest quantity—that we have ever sold to China,” Zhang says. What is also significant, Zhang says, is that much of the growth is coming from commodities other than soybeans. “We are seeing record levels of exports of corn, beef and pork. Soybean sales are actually relatively flat compared to the 2017 baseline.”