Finding security: US-China Ag Trade in a changing world

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Despite growing competition between the U.S. and China, trade volume between the two countries remains significant and robust. U.S. agricultural exports to China, in particular, have seen tremendous growth. But the world is changing dramatically and the impact is felt locally in the Heartland, where a majority of the U.S. agricultural exports to China are produced. 

As a global food security crisis is looming large over the horizon, what is the future of U.S.-China Ag trade, and how can the two countries collaborate to address global food security?  This August, USHCA will have experts from both the U.S. and China to explore these questions and share insights on the impact of inflation, domestic production shifts, and the changes taking place in U.S.-China Ag trade and its impact to Ag producers in the Heartland.

Panelist

Joseph Glauber

Senior Research Fellow, International Food Policy Research Institute

Joseph Glauber

Joe Glauber is a Senior Research Fellow at the International Food Policy Research Institute in Washington, DC where his areas of interest are price volatility, global grain reserves, crop insurance and trade. Prior to joining IFPRI, Glauber spent over 30 years at the U.S. Department of Agriculture including as Chief Economist from 2008 to 2014. As Chief Economist, he was responsible for the Department’s agricultural forecasts and projections, oversaw climate, energy and regulatory issues, and served as Chairman of the Board of Directors of the Federal Crop Insurance Corporation.

From 2007-2009, Glauber was the Special Doha Agricultural Envoy at the office of the U.S. Trade Representative where he served as chief agricultural negotiator in the Doha talks. He served as economic adviser at the so-called Blair House agreements leading to the completion of the Uruguay Round negotiations. He is the author of numerous studies on crop insurance, disaster policy and U.S. farm policy.

Dr. Glauber received his Ph.D. in agricultural economics from the University of Wisconsin in 1984 and holds an AB in anthropology from the University of Chicago. In 2012, he was elected Fellow of the Agricultural and Applied Economics Association

Joseph's Bio

Panelist

Dr. Yan Dong

Director, Trade Department, The Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences

Dr. Yan Dong

Yan Dong, senior research fellow, director of trade department of Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS). Her research fields include international trade theory and policy, regional economic integration, and global value chain. Her academic research papers have been published in the journals of The World Economy, Economic Modelling, Journal of Policy Modelling, and Applied Economic Letters. She has written a series of policy papers and reports on China’s trade policy.

Dr. Dong's Bio

Panelist

Scott Gerlt

Chief Economist, American Soybean Association

Scott Gerlt

Scott Gerlt is the chief economist for the American Soybean Association, where he provides policy analysis and monitors markets to guide strategic organizational decisions. Prior to joining ASA in 2020, Scott was the program leader for U.S. crop policy and analysis at the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri. His position there involved him in the 2008, 2014 and 2018 farm bill evaluations for Congress. Scott has consulted or done analysis for or consulted with USDA, OECD and the Farm Credit System among others. He holds a bachelors and masters in agricultural economics from the University of Missouri.

Scott's Bio

Moderator

Jim Schultz

Chairman of Open Prairie, USHCA Board Member

Jim Schultz

Jim Schultz founded Open Prairie as a private capital management company in 1999. He has led and overseen the management of four private equity funds with investments in innovative technologies spanning agriculture, medical devices, and information systems. Funds invested by Open Prairie have resulted in two successful IPO’s and created over 5,000 jobs across 31 portfolio investments. His current fund strategy is focused on agri-business investments in rural America under a USDA licensed rural business investment program (RBIP).

Jim is a fifth-generation Illinoisan, agribusiness entrepreneur, and private equity executive. Like his ancestors, Jim has continued his family legacy in agribusiness throughout the America’s with investments in ag-tech companies, ag-input companies, rural businesses and farmland. He has owned three proprietary soybean seed companies and three ag- chemical companies along with farmland in the Midwest and Brazil, representing over 17,000 acres. In his hometown of Effingham, Illinois, Jim developed and created in a bean field an office park, Network Centre, that has created over 1,500 professional jobs for college graduates seeking to remain in the east-central Illinois area. He gained extensive leadership experience with growth-stage capital expansion over the years by investing in rural America. Jim has served as the financial expert on mergers and acquisitions for clients in rural America in software development, banking, manufacturing, retail, healthcare, and entertainment.

From 2015-2017, Jim served in newly-elected State of Illinois Governor Bruce Rauner’s cabinet as the Director of the Illinois Department of Commerce and Economic Opportunity where he oversaw the following departments: foreign direct investment, business development, job training, energy, film, and tourism. He travelled on behalf of Governor Rauner leading Trade Missions to Japan, China, Canada, Germany and France.

Jim is a recognized leader throughout the State of Illinois. He has served as Chairman of the Board for Prime Banc Corporation – a multi-branch rural banking group serving southern and central Illinois – which grew organically from $40 million in assets to over $1 billion in assets…all in rural communities in Illinois. He also has served as Chairman of the Board for the following organizations: Illinois Chamber of Commerce, Southeast Illinois Community Foundation, The Cross Foundation, and Effingham County Community Foundation. Jim also served on the Advisory Board for the Chicago Federal Reserve.

Jim earned his MBA in Finance and Entrepreneurship from Northwestern University, a Juris Doctor Degree in Corporate Finance from DePaul University, and a Bachelor of Business Administration from Southern Methodist University (cum laude). Jim was born in Teutopolis, Illinois - adjacent to the building which housed his great-great- grandfather’s trading post which supplied wagons heading west on the National Trail. His office in Effingham is located three miles west on the same National Trail. Jim currently lives in Effingham, Illinois, where he and his wife Laura raised their three sons.

Jim's Bio

FINDING SECURITY: US-CHINA AG TRADE IN A CHANGING WORLD

August 15th, 8:00 - 9:30 p.m. EST

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