{"id":4277,"date":"2016-03-31T13:54:25","date_gmt":"2016-03-31T13:54:25","guid":{"rendered":"https:\/\/grains.org\/ltamex\/audio-usgc-director-in-china-discusses-corn-policy-changes\/"},"modified":"2016-03-31T13:54:25","modified_gmt":"2016-03-31T13:54:25","slug":"audio-usgc-director-in-china-discusses-corn-policy-changes","status":"publish","type":"post","link":"https:\/\/grains.org\/ltamex\/audio-usgc-director-in-china-discusses-corn-policy-changes\/","title":{"rendered":"Audio: USGC Director In China Discusses Corn Policy Changes"},"content":{"rendered":"

China has announced plans to change its corn policy to allow markets to set prices and end its corn stockpiling program. The U.S. Grains Council (USGC) has been monitoring signals that indicated reforms were coming.<\/p>\n

\u00e2\u20ac\u0153Many policy makers have been arguing that the stockpiling program was an extremely expensive policy,\u00e2\u20ac\ufffd said USGC Director in China Bryan Lohmar<\/a>. \u00e2\u20ac\u0153It is costing China a lot of money to store the grain; it\u00e2\u20ac\u2122s difficult to keep the grain in condition; and China was also losing money by buying corn at a high price when world corn prices were low.\u00e2\u20ac\ufffd<\/p>\n

Lohmar said environmental factors contribute to why China’s policymakers want to move toward market-determined prices for corn.<\/p>\n

\u00e2\u20ac\u0153Growing corn year after year on the same pieces of land and using a lot of nitrogen fertilizers are some of the environmental concerns Chinese governmental officials were raising prior to the policy change,\u00e2\u20ac\ufffd Lohmar said. \u00e2\u20ac\u0153While China has not announced what is going to replace the price support program, it would not surprise me if there was some conservation-type criteria included in the new policy.\u00e2\u20ac\ufffd<\/p>\n

As farmers head to the fields for planting season back in the United States, Lohmar said there is still a lot of uncertainty about how this policy change will affect exports going to China, but that it will be a positive, long-term step for global grain markets.<\/p>\n

\u00e2\u20ac\u0153For the short-term, it\u00e2\u20ac\u2122s going to be disruptive, and there\u00e2\u20ac\u2122s going to be uncertainty,\u00e2\u20ac\ufffd Lohmar said. \u00e2\u20ac\u0153But over the long term, a market-oriented feed industry in China is best for everybody.\u00e2\u20ac\ufffd<\/p>\n

Since 1981, the Council has worked in China to find solutions to help Chinese stakeholders with the challenges of food security through development and trade. These programs continue today, focused on trade servicing, information sharing, livestock development and air quality.<\/p>\n

Click here<\/a> to read more about the Council\u00e2\u20ac\u2122s work in China.<\/p>\n","protected":false},"excerpt":{"rendered":"

China has announced plans to change its corn policy to allow markets to set prices and end its corn stockpiling program. The U.S. Grains Council (USGC) has been monitoring signals that indicated reforms were coming. \u00e2\u20ac\u0153Many policy makers have been arguing that the stockpiling program was an extremely expensive policy,\u00e2\u20ac\ufffd said USGC Director in China … <\/p>\n

Continue reading “Audio: USGC Director In China Discusses Corn Policy Changes”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"commodity":[12],"country":[18],"region":[],"topic":[],"class_list":["post-4277","post","type-post","status-publish","format-standard","hentry","commodity-corn","country-china"],"yoast_head":"\nAudio: USGC Director In China Discusses Corn Policy Changes - Am\u00e9rica Latina<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grains.org\/ltamex\/audio-USGBC-director-in-china-discusses-corn-policy-changes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Audio: USGC Director In China Discusses Corn Policy Changes - Am\u00e9rica Latina\" \/>\n<meta property=\"og:description\" content=\"China has announced plans to change its corn policy to allow markets to set prices and end its corn stockpiling program. 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