From China to America, monumental forces are driving global demand for food, feed and renewable fuel. Faced with a worldwide credit crunch, demand will probably take a breather, but the long-term trends are still strong.
A Letter From The Editor
New And Familiar Faces
Today’s demand-driven market has many faces. For the American
farmer, it’s the face of extraordinary opportunity as the world
clamors for your crops and value-added products.
“The Faces of Demand” is designed to provide you with
invaluable insight to navigate these exceptional times. This special issue is
written and produced by the award-winning staffs and global resources of
The Progressive Farmer and DTN. Their stories will help you understand
the major factors driving this global appetite for food, feed and fuel.
With a population of 1.3 billion,
China has seen its economy grow
at a double-digit rate for the past
30 years. U.S. ag exports to China
are expected to hit a record $10.5
billion this year.
We sent Senior Editor Jim
Patrico to China for an eyewitness
account of the country’s growing
middle class. Jim’s report explains
how a better diet for millions
means improved markets for you.
Here at home, livestock and
poultry producers continue to be
the No. 1 customer of corn and
soybeans. Ethanol is also increasing
demand for corn. While both
industries face challenges today,
they will remain powerful forces on
your bottom line.
U.S. agriculture, however, will
face even stiffer competition from South America to supply this rising
demand. DTN correspondent Kieran Gartlan, based in Sao Paolo, Brazil,
explains the potential impact as Brazil and Argentina ramp up their ag
machines.
Yes, these are exciting but unpredictable times for America’s
farmers. This fall’s financial and
credit meltdown will likely slow
world demand in the short-term.
Yet, irreversible forces will drive
demand for years to come.
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Gregg Hillyer
Executive Editor, The Progressive Farmer |
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