U.S. Farmers Increase Planting of GMO Corn Banned From China Markets
Archer-Daniels-Midland Co. (ADM) and Bunge Ltd., two of the world’s largest grain traders, are intent on increasing corn exports to China, however, U.S. farmers have plans of their own.
Photo courtesy of Shutterstock
Six months after China started rejecting shipments of corn made with genetically modified organisms (GMOs), Bunge stated it wouldn't accept deliveries of the variety developed by Switzerland’s Syngenta AG, reports Bloomberg.
ADM plans on testing the GMO corn, and may end up rejecting it as well. Regardless, farmers will soon begin planting the crop this spring due to its high yield for the U.S. market.
Exporters and farmers going in two different directions on GMO corn underscores a new set of challenges faced by international agricultural commodity traders. Even as demand continues to grow in line with the global population, China and other countries have been slower than the U.S. to approve new types of crops amid concerns about food safety and threats to biodiversity from [GMOs]. China’s curbs on some modified corn threaten to block millions of tons of imports and in so doing cut into the profits of international trading houses.
“It’s a significant issue for major North American traders,” said Andrew Russell, a New York-based analyst for Macquarie Group who recommends buying ADM and Bunge shares. “Anything that puts Chinese growth potential at risk is a significant issue.”
Traders rerouting shipments originally destined for China to other markets may lose $30 to $50 a ton, said Tim Burrack, an Iowa corn and soybean farmer who’s also the former chairman of the U.S. Grains Council’s trade committee.
Bunge isn’t buying the Syngenta GMO corn, an insect-repelling variety known as Agrisure Viptera, or another modified variety from the Swiss company called Agrisure Duracade. On Feb. 21, ADM executives said they wouldn't accept Duracade until the GMO is approved by China and other major importers. The company also hasn't committed to Viptera.
The wide-scale planting of GMOs that aren’t approved by key importing countries will chip away at the competitiveness of U.S. grain and feed exports.
Corn containing Duracade will be planted on 250,000 to 300,000 acres this spring, which will be harvested in the autumn, according to Reuters.
ADM shares have dropped 1.9 percent this year in New York while Bunge has fallen by 4.2 percent. Syngenta has seen a 4.6 percent decline in Zurich.
As China cuts back on GMO imports, U.S. growers are seeking to boost yields to counter a 34 percent plunge in corn prices over the last year. The U.S. Department of Agriculture has projected farm income will fall 27 percent over the course of 2014—a four-year low.
Since January, Syngenta has sold out of its Duracade variety, part of a broader trend toward modified crops.
However, that brings up another problem for farmers and traders. If different types of grain are not separated, then traders risk cross-contamination of non-GMO crops with crops containing modified organisms.
Even if farmers carefully separate their grain, such contamination can still occur in several ways, including inadvertent mixing and cross-pollination by bees or wind.
Ultimately, that’s a risk many farmers have come to accept as they plant Viptera and other strains in hopes of increasing their yield for the U.S. market.
"While American farmers search for imaginary yield gains from GMOs, they need to be mindful of the fact that contamination of their neighbor's organic and non-GMO fields will not be tolerated by our nation’s trading partners or the American public," said Dave Murphy, founder and executive director of Food Democracy Now!.
- Redwoods are the world's tallest trees.
- Now scientists have discovered they are even bigger than we thought.
- Using laser technology they map the 80-meter giants.
- Trees are a key plank in the fight against climate change.
They are among the largest trees in the world, descendants of forests where dinosaurs roamed.
Pixabay / Simi Luft<p><span>Until recently, measuring these trees meant scaling their 80 meter high trunks with a tape measure. Now, a team of scientists from University College London and the University of Maryland uses advanced laser scanning, to create 3D maps and calculate the total mass.</span></p><p>The results are striking: suggesting the trees <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">may be as much as 30% larger than earlier measurements suggested.</a> Part of that could be due to the additional trunks the Redwoods can grow as they age, <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">a process known as reiteration</a>.</p>
New 3D measurements of large redwood trees for biomass and structure. Nature / UCL<p>Measuring the trees more accurately is important because carbon capture will probably play a key role in the battle against climate change. Forest <a href="https://www.wri.org/blog/2020/09/carbon-sequestration-natural-forest-regrowth" target="_blank">growth could absorb billions of tons</a> of carbon dioxide from the atmosphere each year.</p><p>"The importance of big trees is widely-recognised in terms of carbon storage, demographics and impact on their surrounding ecosystems," the authors wrote<a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank"> in the journal Nature</a>. "Unfortunately the importance of big trees is in direct proportion to the difficulty of measuring them."</p><p>Redwoods are so long lived because of their ability to <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">cope with climate change, resist disease and even survive fire damage</a>, the scientists say. Almost a fifth of their volume may be bark, which helps protect them.</p>
Carbon Capture Champions<p><span>Earlier research by scientists at Humboldt University and the University of Washington found that </span><a href="https://www.sciencedirect.com/science/article/pii/S0378112716302584" target="_blank" rel="noopener noreferrer">Redwood forests store almost 2,600 tonnes of carbon per hectare</a><span>, their bark alone containing more carbon than any other neighboring species.</span></p><p>While the importance of trees in fighting climate change is widely accepted, not all species enjoy the same protection as California's coastal Redwoods. In 2019 the world lost the equivalent of <a href="https://www.worldwildlife.org/threats/deforestation-and-forest-degradation" target="_blank" rel="noopener noreferrer">30 soccer fields of forest cover every minute</a>, due to agricultural expansion, logging and fires, according to The Worldwide Fund for Nature (WWF).</p>
Pixabay<p>Although <a href="https://c402277.ssl.cf1.rackcdn.com/publications/1420/files/original/Deforestation_fronts_-_drivers_and_responses_in_a_changing_world_-_full_report_%281%29.pdf?1610810475" target="_blank" rel="noopener noreferrer">the rate of loss is reported to have slowed in recent years</a>, reforesting the world to help stem climate change is a massive task.</p><p><span>That's why the World Economic Forum launched the Trillion Trees Challenge (</span><a href="https://www.1t.org/" target="_blank" rel="noopener noreferrer">1t.org</a><span>) and is engaging organizations and individuals across the globe through its </span><a href="https://uplink.weforum.org/uplink/s/uplink-issue/a002o00000vOf09AAC/trillion-trees" target="_blank" rel="noopener noreferrer">Uplink innovation crowdsourcing platform</a><span> to support the project.</span></p><p>That's backed up by research led by ETH Zurich/Crowther Lab showing there's potential to restore tree coverage across 2.2 billion acres of degraded land.</p><p>"Forests are critical to the health of the planet," according to <a href="https://www.1t.org/" target="_blank" rel="noopener noreferrer">1t.org</a>. "They sequester carbon, regulate global temperatures and freshwater flows, recharge groundwater, anchor fertile soil and act as flood barriers."</p><p><em data-redactor-tag="em" data-verified="redactor">Reposted with permission from the </em><span><em data-redactor-tag="em" data-verified="redactor"><a href="https://www.weforum.org/agenda/2021/03/redwoods-store-more-co2-and-are-more-enormous-than-we-thought/" target="_blank">World Economic Forum</a>.</em></span></p>
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