International Trade and Emerging Markets quality foods," Dr. Wilson explained At the recent Northern Corn and Soy Expo held in Fargo, N.D., many topics relevant to farmers and ag producers such as emerging technology marketing, production challenges, and water management were discussed. However, one topic continues to be front and center on everyone's minds Developing nations that are reviewing their energy policies are also important growth opportunities for U.S. ag products. Often, they are looking for solutions that can not only improve fuel effi together to discuss International Trade and what it means to all ag operations. Featuring ag industry experts in international markets and trade, this "We're looking at which countries are reviewing their energy policies and want to incorporate renewable fuels that can help them reduce greenhouse gas emissions and sharing the success stories of what ethanol has meant in . Lesly McNitt, Director of Public Policy with the National Corn Growers the U.S.," McNitt said. Work Continues Association Jim Sutter, CEO of the U.S. Soybean One result of trade disruptions or trade wars is that other countries begin to view previous partners as unreliable The uncertainty can cause them to consider new suppliers to stabilize their supply of needed products. That means Northern Con& Soybean Expo Hot Issues: International Marketing Panel with Lesly McNtt National Com Growers Association; Dr. WMliam Wilson, NDSU Agricultural Economics, and Jimm Professor with the North Dakota State Sutter, U.S. Soybean Export Council. of short term concern for existing Growing Markets soybeans and next year's crop, the long While trade with China continues Moderated by Michelle Rook, anchor reporter for AgWeekTV, many uestions term implications are what concern to cause market pressure and pain the work continues in China as well as from producers regarding the curren rclual producers and trade for U.S. ag producers, this does allow other markets to keep relationships and greater opportunities for both existing trade situation with China, emerging economic trends were discussed. Trade Deadline Looms future trade o market opportunities and contining "If the U.S. gets locked out of China and emerging markets to increase. The number one priority is to as we have been really for the last Some of this increase is due to reduced convince China that we're reliable, 6 months, there's short term pain prices which make U.S. ag products Dr. Wilson said. "t'sa number one but long term we're encouraging our more competitive in the overall market priority, because if we don't return to competition to grow more and that's despite having a higher nutrient profile. China, we're going to be selling like more worrying to me than the short "We've seen markets come back or crazy in Europe, but you're still going deal to be reached through negotiation with China is quickly approaching for March 1, 2019 . Since 85 to 90% of North me t term," Sutter said. "The short term, we US. market share grow particularly in to be storing soybeans." can recover from. The long term is that Europe and Japan so old, stalwart While higher-level negotiations are Brazil grows their industry and I really markets," Sutton said. "We've seentaking place between the two nations, worry about that from a long term great growth in places like Egypt where the individuals and organizations poultry consumption and production buying the products are the people The current trade situation and and aquaculture are growing rapidly. who need to trust in the consistency of negotiations impact a large base of U.S. Places like Pakistan, Bangladesh, etc. their suppliers and that comes down agricultural products and the effects Mexico continues to be an important to relationships. That work continues as Chinese buyers and U.S. suppliers is difficult, there are points of hope. In examining emerging markets, discuss potential future opportunities, China has recently purchased single several factors are examined from In terms of our marketing programs not going to be March 1st,"Dr, Wilson ransactions of certain U.S. crops middle-class growth to increased in Chia, we have not stopped doing explained. ile a large topic of taking some of the existing supply and protein consumption. Overall, global what we've been doing for the last few discussion, soy products are not the signaling that China is ll open to trends support the long term growth years," Sutton said. "We have continued of U.S. agricultural products. While onwith our programs even though we're According to Dr. Wilson, "It's a pretty "China has purchased single there are some barriers to overcome, not shipping anything there today, lar an agreement will allow them to oce again gain access to our largest buyer. trade situation large b While no one has officially said an t won't be reached by March st, they are debating the next dates of meetings which would be the end of March, so that tells me it's probably e widespread. While this situation market for U.S. soy." are points o only point of negotiation with China. negotiations. monumental task to unravel things transactions recently as a show of good as economies become more robust, the maintaining that like intellectual property and it's hard faith to keep the U.S. at the negotiating demand for higherquality food increases relationship pressed to think you're going to solve table," McNitt said. "But we need to as individual incomes increasewanting to beCRN , NORTHERN resolve these issues and we need that Whe we start looking across there when the Considering the amount of soybeans true market access, not just a one- countries, it's not only moving from trade does open currently under storage and te me transaction. That doesn't mean we low income to middle income, t's up again." importance of China to the U.S. and won't take the one-time transaction, also urbanization and women in the North Dakota soy market, this is but we're going to need a longer term workforce as a global trend and you get troublesome. While this trade situation market access as well." EXPO a demand for convenience and higher