Tim Luginsland, Wells Fargo Sector Manger, Grain and Oilseeds
My position within the Wells Fargo Food and Agribusiness Advisors group, supporting the grain sector, has allowed me to interact with many intelligent people involved with grain. Several years ago, I recall visiting with a good friend and customer who stated, “The grain industry is as efficient as it can be. I don’t see any way it can get any more efficient.”
As we approach the Thanksgiving holiday, I am struck by the absence of any widespread news reporting on the U.S. crop harvest. We just take it for granted that the U.S. farmer and livestock operators have hit it out of the park again. A quick look at the “Big Three” (corn, soybeans, and wheat) shows that hard work and good weather has the U.S. sitting on top of the world in terms of food supply.
Kenneth Scott Zuckerberg, AIF® AFA®, Wells Fargo Sector Manager, Agrifood Technology and Packaged Foods
The past decade has been interesting in Food and Agriculture with growing investor interest in what historically has been viewed as a mature, capital-intensive, low-growth, and highly cyclical commodity industry. Following the global financial crisis, investor interest accelerated based on rising grain prices, driven by China imports and ethanol demand, along with rising food demand from a growing middle class especially in emerging markets.
Review a comprehensive monthly update from the Wells Fargo Food and Agribusiness Industry Advisor team covering supply and demand drivers up and down the food value chain — from crop inputs to the grocery aisle.
Review a summary of monthly Federal Government activities and their potential impact on the Food and Agribusiness industry.