Claussen

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Agriculture

What to expect in 2014


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The market environment will be much different the next 3-5 years compared to the last 5 years,the profit environment for the protein business will be much greater than the grain business.




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Source: http://www.agmanager.info/livestock/marketing/outlook/newsletters/Figure1.asp

A larger herd is on the way!

Replacement heifer numbers will be higher again in 2014.


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Source: USDA-NASS


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Political and consumer impacts

• Farm bill• Tax reform• Global trade• Sustainability


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Agriculture in 2014• Don’t know if the drought is over.• Crops should be less profitable than past year.• Cow-calf and ranching should be profitable.• Feedlots should have mixed results.• Dairies need a strong milk price for

profitability.• Land values should plateau at some point.


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Additional Information

• K&C website www.kcoe.com• Farmers for Tax Fairness www.fairfarmtax.com• Cattle Fax website www.cattlefax.com• Ag Manager website www.agmanager.info• NASS website www.nass.usda.gov• Email address and phone number– Doug Claussen [email protected] 970-685-3500

http://www.kcoe.com/

http://www.fairfarmtax.com/

http://www.cattlefax.com/

http://www.agmanager.info/

http://www.nass.usda.gov/

mailto:[email protected]

Economy & Finance

Claussen