Ag Trends and Outlook

Beef consumption in China is expected to reach 6.26 million tons in 2014 Ð 65,000 tons more than previously predicted.

The cost of buying out the quotas of CanadaÕs 12,500 dairy farms would be as low as $3.6 billion to $4.7 billion.

Russia plans to increase poultry meat production from 5.1 million tons in 2013 to more than 6 million tons annually by 2020.

Ivory Coast plans to diversify beyond cocoa and become self-sufficient in rice within three years through agricultural investment plan.

As of February 18th, 91% of California was in Ôsevere drought Õcompared to the same time a year before.

Aquaculture farms in the Philippines will use water from geothermal power plants to produce tilapia, sea bass, and shrimp.

Wheat prices are expected to fall to the lowest quarter-average level in four years on increased global inventories.

U.S dairy exports are expected to be strong in 2014, output higher, feed prices lower, and product prices higher than in 2013.

Saudi Arabia has undergone a shift in agricultural policy moving away from one of self-sufficiency in wheat and other crops.

AgriBank predicts that $4.50 per bushel corn and a slight interest rate increase could cause a sizable decline in farmland values.