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USB: The U.S. & China are economically dependent on one another

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We are the two largest economies in the world. For better or worse, our relationship has not always been the most cordial. The recent trade war seemed to add more frost to the relationship between the United States and China. However, there are some that say despite the disagreements we have had, it is in the best interest of both countries that we work things out.

Audio: Profit Matters program 4-5-21

Polly Ruhland is the CEO of the United Soybean Board. She recently was part of the U.S. China Heartland Association roundtable discussion between leaders of both countries. The talks were meant to improve discussions between the superpowers, and Ruhland says that is to the benefit to the entire global economy.

If trade barriers can be reduced, it will benefit both countries substantially.

The partnership between both countries has gone back for over four decades. China has done much to help forward the progress of soybean genetics. Ruhland says that is something that American Farmers should realize and be thankful for.

It is a symbiotic relationship on soybeans for the two countries. The United States produces more soybeans than it needs, and China consumes more soybeans than it could ever hope to produce. It is a partnership that benefits America’s producers.

To learn more about the United Soybean Board and the Soybean Checkoff, visit their website.