Bayer CropScience Farm Progress Show Survey Results Revealed

Sep 07, 2012

Farmer Survey Reveals Top Issues for Growers

One of Canada’s leaders in crop protection products for agriculture – Bayer CropScience released the results of a grower survey that was conducted at this year’s Farm Progress Show in Boone, Iowa. The survey was an interactive component to their trade show exhibit entitled “One World to Grow On” which focused on how to help farmers identify ways that they can ensure a bountiful harvest that is sustainable.

Overwhelmingly, agriculture producers indicated that climate and weather is one of the biggest challenges in the business. The surveys were conducted daily and the results revealed that 73 percent of participants noted that weather is one of their top concerns.

“These daily surveys offered Bayer CropScience another opportunity to reach out to growers and learn more about what’s going on their farm, and how we can help them find solutions to meet their changing needs,” said David Hollinrake, Vice President of Agricultural Commercial Operations Marketing for Bayer CropScience.

The following are some more results from the farmer survey:

•Disease prevention – 4 percent
•Finances – 3 percent
•People resources – 2 percent
•Climate change – 26 percent

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U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!