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and development. After the implementation of the new agricultural law in 2002, the
soybean subsidy was further increased. The government subsidy for soybean production increased from 15.2 dollars in the early 1990s to 59.1 dollars in 2006. The
soybean subsidy rate increased from 6.5 to 24%. The nominal protection rate for
bean farmers (the ratio between the total value of agricultural products at domestic
prices and the value of agricultural products at border prices) was increased from 1.1
to 1.3; At the same time, the United States also implemented export promotion policies for oil products, such as providing support for oil products export in the form of
projects (three export promotion programs, namely the new agricultural act of 2002
and the market promotion program, the overseas market development program and
the quality sample program in 2004), For increased investment in the export of oil
products, mainly in domestic market circulation and overseas market development;
timely adjustment of export strategies to shift export regions to developing countries and middle-income countries; efforts to force other countries to reduce import
tariffs, reduce agricultural subsidies and so on. The above policies have effectively
raised the target price level of oil products and the production income of farmers.
However, there are many disadvantages of the above agricultural policies, such as
heavy financial burden of the government, bad circulation of agricultural subsidies,
international trade friction and unequal distribution pattern of subsidy income.
Robert Pater, a botanist at the center for agricultural research in Bettsville, has been
studying the use of an African plant to make industrial oils since 1984. Native to East
Africa, this plant is called the Vernoniagolamenit. It has no thorns, lilac flowers, and
achenes that are brown in color. As we all know, there is a bad smell when you refresh
the paint, because the paint contains volatile solvents. These volatile organic solvents
have been considered as air pollutants in recent years and have been banned in many
countries around the world. The chamomile seed oil prepared by Patou et al. has a
low viscosity and is nonvolatile, and has achieved satisfactory results in diluting dry
paint with it instead of solvent. In addition, there are other industrial uses for the oil,
such as a raw material in the production of plastics instead of petroleum. Chamomile
grows well in arid and semi-arid tropical and subtropical regions with rainfall less
than 200 mm. Patou is working with agronomists in Zimbabwe and Kenya to study
the best way to grow the wild plant. In its first year, Zimbabwe produced 165 kg of
seeds per acre. By improving management, the agronomists increased the yield to
410 kilos the following year. Pai Zhu predicted that through the cultivation of new
varieties, yield can be further improved. Patou had tried to introduce galemennis to
the United States, but it was a typical African short-day plant. But a variety recently
picked up at 11 degrees north latitude in Nigeria, flowering 6 weeks earlier than
previously discovered chamomile, it promises to be a late summer and early fall crop
in the southeastern United States.
In September 2012, thanks to QE3 (the third round of quantitative easing) in the
United States, the oil price in New York approached $100 at one time. As the macro
news tended to fade, the trend of crude oil gradually returned to the fundamentals,
especially many investors chose to sell at a high level, which also aggravated the
decline of oil price. At the same time, US crude oil inventories exceeded expectations
and were at historically high levels, weighing on the market. Beijing believes in the
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