Photo by Frank Morris for Harvest Public Media

China's rapid industrialization and economic expansion over the past few decades has been a boon for U.S. farmers — especially soybean farmers. But China's economy is slowing down, leaving American farmers exposed to the downside of being tied to the world's second largest economy.

With tall stands of corn and green soybean fields stretching for miles, the river bottom land around Langdon, Mo., seems a long, long way from Beijing. In an economic sense, though, it's practically right next door. 

Matt Brooks/NET News file photo

China will buy 13-point-eight metric tons of U.S soybeans this year, worth about $5.3 million.  Twenty-four contracts making that official were signed today in downtown Des Moines. 

This year’s Iowa soybean harvest is expected to be strong, and Laura Foell welcomes this news.  She and her husband farm 900 acres near the Sac county town of Schaller. She’s also the chairwoman of the U.S. Soybean Export Council.

Flickr / TumblingRun

The value of farmland in the Corn Belt is dipping. In Iowa value dropped 7 percent last year.