![]() "China is so far behind the U.S., Australia, or Europe because of unorganized, subscale farms with no scientific management." "Chinese agriculture is effectively a cottage industry," added Sun Chang, chairman of Black Soil group, which aims to modernize Chinese agriculture by consolidating these plots into larger farms. "There could be massive social unrest if they screw up the agriculture industry," said Erlend Ek, an agriculture expert at the China Policy research firm, to Time. When you combine that with China's huge population of over 1.3 billion people, you've got a recipe for a food disaster. Moderate to severe soil degradation affects more than 40% of the country, exacerbated by overuse of fertilizer, intensive grazing, and the reliance on biomass for rural energy, according to a 2016 report by Time.Īnd while the country may look huge on a map, only 11% of Chinese land can be farmed, according to a 2016 report from Mercola. (Hint: It's not good.)Ĭhina is in dire need of both food and farms. Here's why they did it - and what it all means for American farmers. The Chinese conglomerate also snatched up more than 146,000 acres of farmland across the United States, worth a staggering $500 million, according to U.S. "No other combination has such a great opportunity," Zhijun Yang, managing director of Shuanghui, said to The Washington Post that same year.īut here's what the mainstream media missed: Shuanghui didn't just acquire the livestock. for almost $4.7 billion.īack then, the focus was on the livestock.įorbes called the purchase "a game changer for pork trade." Shuanghui Group, the largest pork producer in the world and the largest meat producer in China, dominated headlines in 2013 when it purchased U.S. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply.
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