Ag: China's voracious demand for US peanuts in bigger context

April 17, 2013

Dick's note: "As America's peanut growers rejoice in the deluge of Chinese buying, ag-investors should be positioning for similar good news in the years to come. China is nowhere near able to produce enough food to feed itself, and so it's rapidly becoming the world's largest buyer of crops, meat, and whatever else can be eaten."

(Wall Street Journal - "A Bumper Crop and Chinese Go Nuts") A stream of Chinese nationals began arriving in the peanut-farming region last winter, causing a frenzy in a $4 billion U.S. industry. With six-figure checks in hand, the Chinese are expected to scoop up 300,000 tons of peanuts this year-half of expected U.S. exports.

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