Tag Archives: green
Steve Yuzpe: Agriculture As A Long-Term Investment
Wednesday June 12, 2013 Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported. The opinions expressed in these interviews do not reflect the opinions of INN and do not constitute investment advice. All readers are encouraged to perform their own due diligence. Continue reading
Ukraine Poised For Global Ag Role
CHERYL TEVIS 06/11/2013 @ 7:22am Today’s announcement of the opening of DuPont Pioneer’s seed production facility in Stasi, Dykanka region, Poltava oblast, Ukraine, signals the region’s expanding stature as a growing agricultural economy and an emerging player in global food security. The $40 million investment will support the increasing demand for Pioneer brand maize, sunflower, and oilseed rape hybrids in Ukraine. Pioneer sales revenue in Ukraine has risen by 30% compounded annually between 2006 and 2011. Maize and sunflower unit volume sales have doubled in the same period. “Surely there is a deficit of quality seeds in Ukraine,” says Iurii Mykhailov, an ag economist who lives in Kiev, Ukraine. But he says that the DuPont Pioneer facility joins several other companies, including Syngenta, Monsanto, France’s Euralis, Germany’s KWS, and Maisadour, a French cooperative. Ukrainian companies Mais, Swargo, and West Trading Group also have their own seed plants. Mykhailov says that the Ukrainian infrastructure may require ramping up. He pegs the estimated production of corn in 2013/14 at about 22 million tons. “The current throughput of the Ukrainian grain export terminals is 40 million tons per annum,” he says. “The total storage capacity of elevators is 35 million tons. The new storage and export capacities must be doubled to accommodate the growing production.” He says corn is in demand since it’s used as a substitute for weather-damaged winter wheat crops. Ukraine currently exports about two-thirds of its corn. “There’s no sufficient demand for feed in Ukraine,” Mykhailov says. “The new seed facilities will help to improve the seed quality that in turn will help increase exports. Ukrainian corn is welcome in the Middle East and North African countries.” Mykhailov says that technological improvements also will play a critical role in Ukraine’s goal to double its grain production. “The main improvement can be achieved by increasing fertilizer usage, irrigation in the southern regions, and adequate machinery,” he says. He adds that other foreign countries are exploring the potential for investment, including Libya and China: China has invested in increasing Ukraine’s grain storage capacity. Continue reading
Ag Industry Not-So-Patiently Awaits House Farm Bill
After groups chastised the House for dropping the ball on the 2012 Farm Bill, they take no time in pushing legislators to get to work Published: Jun 12, 2013 Ag groups Tuesday made no apologies for their readiness to get the House Farm Bill on the floor and in the President’s hands by sending a letter to each member of the House urging passage of the legislation in the coming weeks. Nearly 200 groups ranging from ag banking and lending to processing and production signed on to the letter , dated June 11. “The farm bill promotes an economically healthy U.S. agriculture sector. Its policies serve a variety of purposes including meeting the food, fuel and fiber needs of consumers worldwide; providing a farm and natural resource safety net; improving our balance of trade through trade promotion programs; promoting rural development; and creating needed jobs here at home,” the letter said. After groups chastised the House for dropping the ball on the 2012 Farm Bill, they take no time in pushing legislators to get to work Estimated to save nearly $40 billion from the federal deficit over the next 10 years, the bill will likely bring a lively debate among lawmakers that believe the cuts are too harsh. Supplemental Nutrition Assistance Programs – which are expected to bear the brunt of deficit reduction discussion, along with crop insurance – has already been targeted by Reps. David Scott, D-Ga., and Jim McGovern, D-Mass., in markup last month . Not only did the lawmakers push for an amendment which would have restored the SNAP cuts proposed by the House Ag Committee, some also called for hearings on SNAP eligibility and its relation to employment and poverty levels. In addition to further SNAP discussion, dairy and crop insurance programs may jump in the mix, too. House Speaker John Boehner, R-Ohio, said Monday he and house Majority Leader Eric Cantor, R-Va., would “encourage the Rules Committee to provide a fair process that will allow for a vigorous and open debate” to bring lawmakers’ concerns to light. Overall, Boehner said he was pleased with the number of reforms offered in the bill, especially the end of direct payments – which is also included in the Senate bill – and changes to the food stamp program. “As a longtime proponent of top-to-bottom reform, my concerns about our country’s farm programs are well known,” Boehner said, noting that his concerns last year with the dairy provisions haven’t subsided. “I oppose those [dairy] provisions and will support efforts on the House floor to change them appropriately. And I encourage other members of the House to approach this process in the same spirit,” Boehner said. “If you have ideas on how to make the bill better, bring them forward. Let’s have the debate, and let’s vote on them.” Like Boehner, there remain a few groups that aren’t so certain about provisions in the Senate’s bill, and hope for a change in the House version. Scott Faber, Senior Vice President for Government Affairs for the Environmental Working Group, wrote in a blog post Tuesday his reasons to oppose the bill. Among them, he said, crop insurance subsidies would rise to $100 billion over the next 10 years, while failing to limit subsidies to the largest farms. EWG also opposes an increase to price guarantees. But Faber’s comments come in contrast to a majority of farm groups that are ready to avoid last summer’s House delay, noting they are ready to cooperate with House members in ensuring quick passage of the bill, expected to commence next week. Continue reading




