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Former US Ambassador Gregg Doud Unveils 3 Key Strategies for a $150 Billion Boost in Soybean Industry

Gregg Doud outlines how US can capitalize on its opportunities during lecture at Kansas State University
Gregg Doud outlines how US can capitalize on its opportunities during lecture at Kansas State University

Revolutionising Agriculture: Former US Ambassador Gregg Doud Unveils 3 Key Strategies for a $150 Billion Boost in Soybean Industry


Summary:

  • Former US Ambassador Gregg Doud shares a positive outlook on the future of American agriculture, highlighting key opportunities in exports, technology, and value-added products.
  • Doud underscores the significant impact of China on the global food market, detailing their massive agricultural imports and their sway over world pork and beef markets.
  • The lecture emphasizes remarkable technological advancements in agriculture, but Doud expresses frustration with regulatory hurdles, urging expedited government approval for these innovations to propel the industry forward.

 

In a recent lecture at Kansas State University, former US ambassador Gregg Doud, currently serving as the President and CEO of the National Milk Producer’s Federation, expressed optimism about the future of US agriculture. Doud, who played a pivotal role in negotiating a significant agricultural trade agreement with China, highlighted key opportunities for American farmers in exports, technology, and value-added products.

However, Doud acknowledged the challenges inherent in these opportunities, emphasising the delicate balance the US must strike amidst global politics and fierce competition in the global food market. He noted that the total US agricultural exports to the world are comparable to China’s total food imports, underscoring the significance of the global agricultural landscape.

China, as a major player, imported $236 billion in agricultural commodities in 2022, while the United States exported $196 million. Doud stressed the impact of China’s decisions on the world, citing their influence on global pork production and their record-high beef imports in August.

Doud envisioned a promising future for US beef producers, highlighting the increasing global demand for animal protein. He emphasised the United States’ potential to meet this demand, positioning it as a key player in the coming decade.

While Brazil dominates corn and soybean production, Doud identified an area where the US could excel—producing soybeans for renewable diesel fuel. He predicted a surge in soybean oil production, presenting a unique opportunity for the agricultural sector.

Moreover, Doud delved into technological advancements in agriculture, citing biosensing, robotics in the dairy industry, genomics, and autonomous semis that could revolutionise transportation costs. Despite the remarkable innovations, he expressed frustration with the regulatory approval process, urging the government to expedite the approval of agricultural technologies for broader implementation.

In conclusion, Doud, born in Mankato, Kansas, and with a rich background in agricultural economics and policy, presented a comprehensive view of the future of agricultural trade, geopolitics, and food. His lecture, titled ‘The Future of Agricultural Trade, Geopolitics, and Food,’ is available online, offering valuable insights into the evolving landscape of the global food system.

The Henry C. Gardiner Global Food Systems lecture series at Kansas State University, established to provide science-based education on world food issues, continues to contribute to the legacy of Henry C. Gardiner, a visionary leader dedicated to advancing the beef industry through science and technology.

 


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