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China Acquiring Farmland
The Agribusiness Update
the Chinese Communist Party has been taking drastic steps to safeguard the nation's food security. Significant acquisitions have been made overseas, including Australia's largest dairy, over 324,000 hectares of farmland in Argentina and soybean-processing plants worth several billion dollars in Brazil."
Tractor Sales Beat 5 Year Average
The Agribusiness Update
Retail sales of tractors in the US continued to beat the 5-year average as 2016 hit the midyear mark