Terry Barr, senior director of industry research at CoBank, provided some guidance at the USDA’s Agricultural Outlook Conference in Arlington, Va., last month. The problem with any projection, as Barr pointed out, is separating short-term variations from long-term trends to produce a "new normal." Here are 8 key drivers that Barr thinks should drive a 5-year plan.
- Assume declining federal ag support
- Demand from ethanol producers may fall
- Global demand will shift
- Planted corn acres may still increase
- Land values may well tumble
- Rising meat exports create risk and uncertainty
- Dairy has tough financial row to hoe
- It will be tough to sustain current net farm incomes
To view the full article from Ag Web, click here.
To obtain a copy of Barr's presentation, please complete the Contact Us page of on the Acuity website to request a copy to be emailed to you.
Please contact a member of the Acuity Advisors' Ag & Agri-Business Services Team at 717.239.5180 if you have questions or need more information.
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