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Farm Bureau Economist says watch for China

Tue, 25 Sep 2012 14:38:08 CDT
By: Charlie Schlenker

An Agricultural Economist in Central Illinois says World Bank figures on capital investment in agriculture should alert U-S producers to more competition from China. Mike Doherty of the Illinois Farm Bureau says the large effort by the Chinese government appears to be aimed at creating food self sufficiency for that nation.

"Some of these countries like China are more than matching their population growth with capital investment in agriculture versus other areas not having the money to invest in agriculture so you can see the mismatching in central America, some of the south American countries, and Africa being the most mismatched."

Doherty says China has rarely been self sufficient in food production. One area in particular, Doherty says, is a ramp up in pork production. He says that's significant because U-S hog farmers have long relied on China as one of their most important markets.

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