Cargill Buys Soy Plant in China and $1-billion for Farmers to Families Food Box Program
**U.S. ag commodities trader and processor Cargill has acquired a soy processing facility in eastern China via a judicial auction, expanding its crushing capacity.
According to agweb.com, Cargill, the largest privately owned U.S. company, is now among the largest foreign soy processors in China, though its crushing capacity in the country is dwarfed by other Chinese-owned processors.
China, the world's top soybean buyer, is expected to import a record 99 million tons of the oilseed in the 2020/21 season.
**A wildfire-mitigation bill went before a U.S. Senate subcommittee last Wednesday, and a coalition of Western state Farm Bureaus says the measure would help the region address its "catastrophic wildfire crisis."
Thirteen state Farm Bureaus and the American Farm Bureau express support for the bill, the Emergency Wildfire and Public Safety Act.
It would implement projects to manage forests, remove hazardous fuels and accelerate post-fire restoration and reforestation.
**Following President Trump’s approval to include up to an additional $1-billion in the Farmers to Families Food Box Program, Ag Secretary Sonny Perdue announced the USDA has also approved those funds in contracts to support American producers and communities in need through the program.
Last week, USDA reached a milestone of having distributed more than 90-million boxes in support of American farmers and families affected by the COVID-19 pandemic.
This is the third round of purchases.