Confidential – Not to be shared without permission
What’s working? Presentation February 8, 2012
February 8, 2012
1 responsive responsive
rooted rooted
focused focused
enduring enduring
evolving evolving
diversified diversified
progressive progressive
resourceful resourceful
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U.S. Debt as % of GDP
2 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Eurozone Debt as % of GDP
3 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Baltic (Dry) Freight Index
4 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Total Harvested Acres China (white) vs. U.S. (orange)
5 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Yield per Bushel China (white) vs. U.S. (orange)
6 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Total Production (Mil Bushels) China (white) vs. U.S. (orange)
7 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
% of Global production
8 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Crude Value vs. Corn Value
9 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
U.S. Farm Net Income ($billions)
10 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
1 Bushel of wheat makes :
73 loaves of bread or 440 bagels or 910 chocolate chip cookies 11
responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
U.S. Corn-Based Ethanol
VEETC gone, finally! Competing world-wide without subsidy. Cellulosic subsidies – a waste of time & money. High corn prices will virtually eliminate direct payment subsidies.
responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Ethanol, Food and Prices Don't use 3.5B bu of corn for ethanol? (YES – 3.5B) That would make cheap food ??? If 3.5B bu was not grown for ethanol, would it be grown? Need more supply not less! 8-10MM acres of CRP that we pay $1B not to plant. Adding 1 - 1.5B bu would drive prices to ???
responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Monthly Nat Gas price since 1990
14 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
Nutrient Use in U.S. Corn Production
15 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful
Confidential – Not to be shared without permission
U.S. Retail Unleaded Gas Price
16 responsive
rooted
focused
enduring
evolving
diversified
progressive
resourceful