Global export patterns are changing

IFB members in Brazil
Iowa Farm Bureau members toured a grain export facility in northern Brazil last March. The Iowans witnessed the upgrades to Brazil's transportation infrastructure during the market study tour. PHOTO / DIRCK STEIMEL

China’s determination to buy soybeans from Brazil earlier this year, even though it paid higher prices for the Brazilian crop, is signaling that the United States should consider refocusing its ef­forts in the world market, according to Sam Funk, sen­ior economist with the Iowa Farm Bureau Fed­­eration (IFBF). 

“I think there is clearly a need to diversify our markets,” Funk said during a recent world market and economics update to the IFBF Summer Policy Conference in Des Moines. “We need a more balanced approach so that we can create enough demand around the world to absorb...

Members Only Content

Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.