Each week Land Commodities’ research department scours the internet looking for newly released reports, academic papers and research with relevance to agri-investors. The most notable examples are summarised in a weekly roundup for the benefit of our clients and subscribers. Click on the links below for a summary and free download of any of these reports.
The very comprehensive 200 page Africa Agriculture Status Report produced by the Gates and Rockefeller Foundation funded Alliance for a Green Revolution in Africa provides a detailed and fascinating insight into the progress of (and challenges faced by) African agriculture. This is a crucial read for any investor in the region, or any agricultural investor generally, seeking to understand Africa’s future role in the world as a producer and consumer of agricultural commodities.
The USDA’s periodic Agricultural Prices report always makes an interesting read for a truly long-term perspective on farmers’ changing terms of trade. The report covers trends in farmgate prices for all major agricultural commodities (as well as just about any agricultural product you can think of from dried apricots to live turkeys) compared to prices paid by farmers for the inputs used in their production.
This comprehensive study analyses regional variations in wheat production practices, costs, and yields. From an investment perspective, it highlights the importance of geographical diversification and the extent to which regional and farm-to-farm differences in cropping practices, yields, and the costs of land, labour, and capital assets can affect farm profits.
As the faceoff between the House and Senate versions of the US Farm Bill continues, this report takes an interesting look at the economics and cost-benefit justifications for the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. This is a pivotal issue given that Federal food program expenditures in 2011 were $103.3 billion, accounting for two-thirds of the U.S. Department of Agriculture’s annual budget.
This report catalogues the growth of, and challenges faced by, the second generation / advanced biofuel sector in the US and Canada and provides updates on developments since the publication of last year’s annual industry progress report. In particular, it provides an interesting overview of trends in production capacity and public / private sector investment in the wake of the global financial crisis.
For most of the 1990s and early 2000s, US livestock farmers enjoyed ample supplies of low-cost corn and soybeans. Thereafter, the extremely rapid growth in the use of corn and soybeans in biofuel and biodiesel production contributed to skyrocketing prices, creating tough conditions for livestock farmers. This report looks at what the future may hold for these crops and the livestock sector in the face of rising demand from food, feed and fuel sources.