US Beef

Food Chain Radio Show #1132

Listen to this Food Chain Radio Show hosted by Michael Olson

Michael Olson, Author & Urban Farming Agriculturalist

Where’s the U.S. Beef, Going?

This Poll is closed

Is it better to have food and no money, or money and no food?

 Money and no food  Food and no money

*

      100%  

Guest:Bill Bullard, R-Calf USABryan Mussard, President, Montana Stockgrowers Association

To whom will the good food go?

China has a lot of money, but is running low on food. The U.S. has a lot of food, but is running low on money.

As Diane Boogard, CEO of Rabobank Asia, told Nikkei Asian Review, “Although the population growth has slowed down quite a bit in China, the demand for food is still increasing very, very much because of the wealthier population, the mid-market that is existing now.”

And furthermore, “Asians may be getting wealthier, but their money may not be able to buy them all the food they need, as the region faces a lack of arable land and low agricultural productivity.”

A good indication of where this demand may be taking the market came with the recent announcement by China’s largest online retailer that it would be buying $200 million worth of Montana beef over the next three years, and building a processing facility in Montana.

This sale bodes well for the domestic beef industry, which has been competing with much cheaper beef from Argentina, Brazil, Australia and others. But it does raise some interesting questions:

How can domestic beef compete in a market without mandatory Country of Origin Labeling (COOL)?

How did Montana sell their beef to China, when China can buy beef for less elsewhere?

To whom will the good food go in twenty-five years?

Leave a comment below: is it better to have food and no money, or money and no food?

Tune in here, for the syndicated the Michael Olson Food Chain Radio Show #1132 December 16, 2017 Saturday 9AM Pacific

 

Nationally syndicated Food Chain Radio airs live Saturday mornings 9-10AM Pacific

Nationally syndicated Food Chain Radio airs live Saturday mornings 9-10AM Pacific.

Take the 2X2 Pledge

 

 

Leave a Reply

Purchase MetroFarm – The Urban Farming Guide to Growing for Profit In or Near the City

original

MetroFarm

$34.95

Food Chain Radio Shows: Recent 2+ Year Archive

Join us

Newsletter

Member Login

» Forgot Password?
» Join Us