My Way of Thinking: The U.S. farmer’s fit in global ag
Rich Keller After attending two major conferences nearly back to back with agricultural economic and technology forecasters, my head was full of scenarios about the future of the U.S. farmer in the world economy.
The simple questions about whether U.S. farmland is overpriced at the levels it has been selling at during the final quarter of this year and whether the ag economy will continue to prosper were addressed in multiple presentations about monetary policy, developing nations’ agricultural production, the increasing population’s food demand, the election’s impact on the economy and more inter-related topics. You’ll be able to read some of what I pulled from presentations at the American Society of Farm Managers and Rural Appraisers’ AgroNomics—Vision 2013 conference starting on page 40.
In general, each speaker was positive about the near-term future of agricultural prices and adoption of new technology by farmers to keep the U.S. as the leader in per acre production, even though percentage of total production is declining. Some increased production, such as that of China, is for internal use, and other new production is almost strictly for export like that of Brazil.
The AgGateway Annual Meeting and Conference in Albuquerque, N.M., that came next had more emphasis on the collaboration of companies in the ag industry for U.S. success. There was still a focus on doing business in the context of changing world economies.
Garrett Lofto, president, Agribusiness Group, Simplot, as the keynote speaker at the AgGateway conference, took the discussion to the level of agricultural retailers and product manufacturers. His presentation was titled similar to economists’ presentations of the previous week at the ASFMRA conference in Indianapolis, Ind., but Lofto provided a local business view to his “Influences on Agriculture and How They Will Shape Our Future.”
Lofto began by talking about the challenges of producing enough food and feed and how U.S. farmers have gone from competing with farmers in the neighboring county to farmers around the world. He quickly transitioned to how farmers in the U.S. are rapidly advancing in utilizing technology to stay ahead of those global competitors.
Today’s growers are becoming extremely sophisticated. They are showing talent to link all their technology and precision systems for increased production. Staying ahead of the most sophisticated farmers is becoming difficult.
- US soy exports to China could drop with crush-margins at 2-yr low
- Corn to see record production for 2014-15
- Maximizing buyer power in volatile markets
- Insight into drought tolerance of TAM wheat varieties
- Ag markets turned mostly lower Tuesday morning
- GMO safety, weed control top concerns as U.S. study kicks off
- U.S. GMO labeling foes triple spending in first half of this year
- Activists fighting Golden Rice even more in 2014
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- Stoller soybean research produces 214 bushels per acre
- Ag markets turned generally mixed Monday morning