The Great Northern Wilderness Will Go To Argentina To Sell Soybeans To China &Nbsp, And Financial Difficulties Will Not Be Solved.

According to media reports recently, the the Great Northern Wilderness group of Heilongjiang General Bureau of agriculture and reclamation has submitted agricultural cooperation intentions to the Heihe provincial government of Argentina, promising to invest 1 billion 500 million US dollars in the next 20 years to cooperate with the local government. The project will assemble advanced irrigation facilities and open 300 thousand hectares of arable land to produce soybeans, corn and other agricultural products and sell them back to China.

In addition, the above cooperation projects also include supporting power generation projects and carrying out port expansion projects.

The project is expected to start within this year and be completed in stages.

Heilongjiang agriculture and Reclamation Bureau of Commerce Bureau official told reporters that cooperation projects with Argentina have negotiated for several years, basically reached the intention, but the specific amount of investment information and so on, there is no definite message.

Guo Qingbao, chief editor of China fat net, believes that Chinese enterprises, including the Great Northern Wilderness, go overseas to "cultivate land" in line with the Chinese government's policy of encouraging enterprises to "go out" and ensure China's grain and oil supply. Especially in the field of edible oil, when prices are high, there is not enough resources for soybeans and other markets to stabilize prices.

In 2008, the NDRC introduced the guidance of promoting the healthy development of soybean processing industry, and proposed: "can purchase soybean in the producing area, lease the wharf, build warehouse and pport system, or share local agricultural enterprises and lease land, and encourage enterprises to build soybean processing plants abroad under suitable conditions."

In April this year, local media in Chongqing reported that Chongqing grain group decided to invest 5 billion 750 million yuan, and cooperate with Brazil to build 3 million mu of high-quality soybean base.

Earlier in 2008, Zhejiang Fu Di Agriculture Co., Ltd. and Heilongjiang General Bureau of agriculture and reclamation jointly established a farm in Brazil. The Zhejiang agricultural land Co., Ltd. purchased 16800 hectares (250 thousand acres) of land in the Palmas City ranch of Brazil City, south of Dahe River, and invested 200 million yuan in land.

For the Chinese enterprises going abroad, a soybean industry leader poured cold water on his head. He said: "the problem of China's soybean industry is not whether soybean is produced by Argentines or Chinese, but the crux of the problem lies in the financial industry of China's soybean industry.

The bank interest rate 0~1% of the United States has almost zero capital cost to the banks, and the multinational grain merchants like Bang Ji get the bank funds in the United States, and then they borrow the local farmers to grow soybeans at a rate of 12% in South America, and the spread is about 10%. As long as they export soybeans to China, the interest rate of 10% will be earned. Chinese enterprises can not solve these problems by planting overseas.

These people said that bank funds continued to shrink this year, and some companies got it in the name of imported soybeans.

Guo Qingbao suggested that to solve the problem of China's soybean industry, we should start from two areas of industry and virtual economy. It is difficult to achieve significant results only by emphasizing overseas farming or preventing the industrialization of soybean industry. Especially the supervision of funds is especially difficult.