oil. Because they also have an increasing appetite for meat, they need high-protein soybeans to raise livestock.100 American farmers now export over $9 billion worth of soybeans to China every...

oil. Because they also have an increasing appetite for meat, they need high-protein soybeans to raise livestock.100 American farmers now export over $9 billion worth of soybeans to China every year.101 Licensing and Franchising A company that wants to get into an international market quickly while taking only limited financial and legal risks might consider licensing agreements with foreign companies. An international licensing agreement allows a foreign company (the licensee) to sell the products of a producer (the licensor) or to