THE LAND ~ November 13, 2020 ~ Southern Edition

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AM1 – Optimum® AcreMax® 1 insect protection system with an integrated corn rootworm refuge solution includes HXX,LL,RR2. Optimum AcreMax 1 products contain the LibertyLink® gene and can be sprayed with Liberty® herbicide. The required corn borer refuge can be planted up to a half-mile away. AM – Optimum® AcreMax® insect protection system with YGCB,HX1,LL,RR2. Contains a single-bag integrated refuge solution for above-ground insects. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Optimum AcreMax products. AMT – Optimum® AcreMax® TRIsect® insect protection system with RW,YGCB,HX1,LL,RR2. Contains a single-bag refuge solution for above- and below-ground insects. The major component contains the Agrisure® RW trait, the YieldGard® Corn Borer gene and the Herculex® I gene. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Optimum AcreMax TRIsect products. AMX – Optimum® AcreMax® Xtra insect protection system with YGCB,HXX,LL,RR2. Contains a single-bag integrated refuge solution for above- and below-ground insects. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Optimum AcreMax Xtra products. AMXT (Optimum® AcreMax® XTreme) – Contains a single-bag integrated refuge solution for aboveand below-ground insects. The major component contains the Agrisure ® RW trait, the YieldGard® Corn Borer gene and the Herculex® XTRA gene. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Optimum AcreMax XTreme products. Q (Qrome ®) – Contains a single-bag integrated refuge solution for above- and below-ground insects. The major component contains the Agrisure® RW trait, the YieldGard® Corn Borer gene and the Herculex® XTRA gene. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Qrome ® products. Qrome products are approved for cultivation in the U.S. and Canada. For additional information about the status of regulatory authorizations, visit http://www.biotradestatus.com/. YGCB,HX1,LL,RR2 (Optimum® Intrasect ®) – Contains the YieldGard® Corn Borer gene and Herculex® I gene for resistance to corn borer. YGCB,HXX,LL,RR2 (Optimum® Intrasect ® Xtra) – Contains the YieldGard® Corn Borer gene and the Herculex XTRA gene for resistance to corn borer and corn rootworm. RW,HX1,LL,RR2 (Optimum® TRIsect ®) – Contains the Herculex I gene for above-ground pests and the Agrisure® RW trait for resistance to corn rootworm.

HXRW – The Herculex® RW rootworm protection trait contains proteins that provide enhanced resistance against western corn rootworm, northern corn rootworm and Mexican corn rootworm. HXX – Herculex® XTRA insect protection contains the Herculex I and Herculex RW genes. YGCB – The YieldGard® Corn Borer gene offers a high level of resistance to European corn borer, southwestern corn borer and southern cornstalk borer; moderate resistance to corn earworm and common stalk borer; and above-average resistance to fall armyworm. LL – Contains the LibertyLink® gene for resistance to Liberty® herbicide. RR2 – Contains the Roundup Ready® Corn 2 trait that provides crop safety for over-the-top applications of labeled glyphosate herbicides when applied according to label directions. AQ – Optimum® AQUAmax® product. Product performance in water-limited environments is variable and depends on many factors, such as the severity and timing of moisture deficiency, heat stress, soil type, management practices and environmental stress, as well as disease and pest pressures. All products may exhibit reduced yield under water and heat stress. Individual results may vary. Herculex® insect protection technology by Dow AgroSciences and Pioneer Hi-Bred. ® Trademark of Dow AgroSciences, DuPont or Pioneer, and their affiliated companies or their respective owners. YieldGard®, the YieldGard Corn Borer Design and Roundup Ready ® are registered trademarks used under license from Monsanto Company. Liberty®, LibertyLink® and the Water Droplet Design are registered trademarks of BASF. Agrisure ® and Agrisure Viptera® are registered trademarks of, and used under license from, a Syngenta Group Company. Agrisure ® technology incorporated into these seeds is commercialized under a license from Syngenta Crop Protection AG.

Pioneer® brand products are provided subject to the terms and conditions of purchase which are part of the labeling and purchase documents. TM ® SM Trademarks and service marks of Corteva Agriscience and its affiliated companies. © 2020 Corteva. PION0LOCL055

OPINION

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HX1 – Contains the Herculex® I insect protection gene which provides protection against European corn borer, southwestern corn borer, black cutworm, fall armyworm, lesser cornstalk borer, southern cornstalk borer and sugarcane borer; and suppresses corn earworm.

As political winners joust over election buying — is a bilateral “folly” that “disspoils, many Americans are tickled pink criminates” against our democratic allies (or purple) to leave the costliest, most bitlike Japan and Canada. As such, he ter campaign season behind and return argues, Phase One undermines U.S. leadto their lives of family, work and dreams. ership for any future multilateral effort to contain China’s more sinister internaFor U.S. farmers and ranchers, that tional ambitions. means a return to three pre-election realities: a strong, export-led rise in grain Echoes of Ikenson’s argument can be prices; another winter of choppy livestock heard in a Nov. 3 Bloomberg News story markets; and China’s growing impact on FARM & FOOD FILE that wondered if President Trump’s “shift all U.S. ag markets. away from Republican free trade orthoBy Alan Guebert doxy” hasn’t just “… been a very loud In fact, China’s swift recovery from civics lesson in the misguided economthe viral pandemic it spawned is now ics of protectionism and the costs of the key driver in world ag markets. tariffs and economic nationalism.” The International Monetary Fund pegs China’s 2020 economic growth at 2 percent — tiny compared Yes, it has; but good luck trying to convince to its decades of ferocious growth, but far ahead of American farmers and ranchers who have received the U.S. economy that is forecast to shrink 4 perbillions in tariff mitigation money under the Trump cent. policy and now, mostly due to China, are enjoying the first major rise to farm prices in years. Equally impressive is how the newly revved-up China is spending its profits. Its consumers are It’s hard to argue with them before or after Nov. 3 doing what the rest of the world used to do: eating when red rural America again voted for this better, traveling more, and buying more consumer Administration’s “tariffs and economic nationalism” goods. policy with, as the Trump White House often notes, And all this after China’s economy shrank 6.8 per- “red” China. cent in the first quarter, its first fallback in almost Still, warns another trade analyst during an 50 years, according to the New York Times, because Election Day telephone call, “Never forget that of the coronavirus and its sledgehammer reaction to China is, by far, the shrewdest player in the export it. game. You never see its whole hand until the game is over.” But that Red sledgehammer, comrade, also made way for China’s current purchases of U.S. farm and Wise words — China might be your best customer food exports. According to Bloomberg News, China now, but it will never be your best friend. already has purchased “more than 10 million metric The Farm and Food File is published weekly tons of U.S. corn in the 2020-21 marketing year, or a through the United States and Canada. Past colabout 2.5 mmt more than all of last year.” umns, events and contact information are posted at Moreover, it’s still buying. Some forecasters www.farmandfoodfile.com. v believe China will buy a record 17 mmt, or about 780 million bushels, of corn in 2020-21. If accurate, it will buy all the corn grown this year in Ohio, Pennsylvania and Oklahoma combined. The same trend can be seen in its purchases of U.S. soybeans, pork and beef. All are off to record starts this marketing year as the world’s only healthy major economy continues its grocery-shopping spree. But is it that simple? Is China just sopping up relatively cheap, unsold global food supplies to restock its Covid-depleted pantry; or is there a deeper, less Send your letters to: apparent reason for the buying binge? Editor, The Land Yes and yes, argue several long-time trade analysts. P.O. Box 3287, Mankato, MN 56002 For example, in an Oct. 30 blog post, Daniel e-mail: editor@thelandonline.com Ikenson, a trade expert at the libertarian Cato All letters must be signed and accompanied Institute, argues that President Donald Trump’s by a phone number (not for publication) (and U.S. farmers’) much cherished Phase One trade to verify authenticity. deal with China — the rocket fuel for some of the S:9.666"

AVBL,YGCB,HX1,LL,RR2 (Optimum® Leptra®) – Contains the Agrisure Viptera® trait, the YieldGard® Corn Borer gene, the Herculex® I gene, the LibertyLink® gene and the Roundup Ready ® Corn 2 trait.

What exactly is China buying on its U.S. shopping spree?

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AML – Optimum® AcreMax® Leptra® products with AVBL,YGCB,HX1,LL,RR2. Contains a single-bag integrated refuge solution for above-ground insects. In EPA-designated cotton-growing counties, a 20% separate corn borer refuge must be planted with Optimum AcreMax Leptra products.

THE LAND — NOVEMBER 13/NOVEMBER 20, 2020

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