April 29, 2024

AndronETalksNews

AndronETalksNews

China Ditches US Farmers For Brazilian Ones In Protest Of Land Ownership Rules

Zero hedge

By Tyler Durden – April 10, 2024

In September 2023, we highlighted that Brazil, one of the BRICS nations, had overtaken the United States in becoming the world’s top corn exporter. The sudden shift of China buying Brazilian corn over the US lacked a clear motive at the time. However, now, a new Bloomberg report reveals the shift appears to be “partly in retaliation” against a wave of legislation aimed at stopping Chinese citizens and companies from owning US farmland.

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