Iowa Soybean Association to Conduct Trade Mission to China March 24-30

Iowa Soybean Association leaders will travel to China March 24-30 for discussions with buyers, processors and government officials. The delegation will meet with U.S. Ambassador to China Terry Branstad at the U.S. Embassy in Beijing and representatives of China-based processors and feed plants during stops in Shanghai, Guangzhou and Yunfu City. The delegation is affirming the importance of maintaining strong agricultural trade relations between the countries and Iowa’s strategic role as a supplier of high-quality soybeans.

What: Media are invited to connect with the delegation during its time in China March 26 – 28.

Who: Lindsay Greiner, ISA president and farmer (Keota); Tim Bardole, ISA president-elect and farmer (Rippey); Grant Kimberley, ISA market development director; and Aaron Putze, APR, ISA communications & external relations director.

Why: This stalemate disproportionately impacts Iowa’s soybean farmers:

  • China, with a population of more than 1.4 billion, imports 62 percent of global soybean production. Nearly 40 percent of China’s soybean imports have historically originated from the United States valued at nearly $14 billion.
  • Tariffs placed by China on U.S. soybean imports have sent soybean prices lower, negatively impacting an already-challenged U.S. farm economy.
    • In just five years, U.S. net farm income has declined nearly 50 percent while crop prices have dropped 60 percent.
  • Livestock feed rations in China are being reformulated to require less soy. This is occurring in conjunction with an outbreak of African Swine Fever, further depressing soybean imports.
  • When trade relationships with China are damaged, the U.S. risks transitioning from a reliable to residual supplier. This change will have long-term implications on domestic soybean prices.

How to connect:

  • Contact Katie Johnson, ISA public relations manager, to schedule an interview with a member of the delegation (dates available include March 26, 27 and 28).

Additional information: Timely audio reports featuring interviews with delegation members and Chinese trade officials will be posted on ISA’s SoundCloud March 26-28.

Partially funded by the soybean checkoff

The Iowa Soybean Association (www.iasoybeans.com) develops policies and programs that help Iowa’s more than 40,000 soybean farmers expand profit opportunities while promoting environmentally sensitive production using the soybean checkoff and other resources. The association was founded in 1964 and is governed by an elected volunteer board of 22 farmers. It strives to be honest and transparent, fact-based and data driven and committed to environmental stewardship, collaborations and partnerships.