Rabo AgriFinance was present for the recent Trade Talk during the 2013 NAFB Convention. The company is the leading U.S. ag lender and specializes in protein to produce and inputs to oilseeds. Their expert team monitors and evaluates the global market that influences agriculture around the world.
I spoke with two of the team’s analysts at the event and they each shed some insight into the upcoming 2014 futures and recapped how growers and producers faired in 2013. John Grettenburg is a Relationships Manager in Western and Southwest Iowa and specializes in the corn and soybean market. Don Close is the Vice President for Food and Agribusiness Research (FAR) and his area of interest is in international markets and cattle feeding.
John hit on on-farm storage of grains and how it can benefit growers. “I think it gives the producer the opportunity to mange it from one tax year to the next from an income tax perspective. Historically we have had some increases and bumps in the market through the spring months and early summer. It allows farmers to increase the speed of their harvest if they have their own drying facility and by not have to wait in lines at local elevators. It gives them that flexibility to move that crop to market when the price dictates.”
Listen to my complete interview with John here: Interview with John Grettenburg
Don describes 2013 for cattle feeders as dismal and says the replenishing of herds will be a slow process and supplies will continue to be tight. “One of the areas the beef industry will be challenged with is the position of both the broiler and hog industry while they gain market shares at the expense of beef. With the likely hood of recovering cow numbers the prospects of growing international trade both short-term and long goals gives a very positive outlook for the future.”
Listen to my complete interview with Don here: Interview with Don Close
Checkout photos from NAFB Convention: 2013 NAFB Convention Photo Album