Hal Reed Powerpoint Presentation
Hal Reed Powerpoint Presentation
Hal Reed Powerpoint Presentation
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NGFA Country Elevator Conference<br />
<strong>Hal</strong> <strong>Reed</strong>, Chairman<br />
December 12, 2011
Farm Bill: CRP<br />
“…high crop prices have both strengthened<br />
market opportunities to expand agricultural<br />
production on the Nation’s farmlands and<br />
decreased producer demand for certain<br />
agricultural conservation programs.” – The<br />
President’s Plan for Economic Growth and<br />
Deficit Reduction (Sept. 2011)
Farm Bill: Crop Insurance<br />
Source: USDA, Risk Management Agency
Farm Bill: Target Prices<br />
Target Prices in Super Committee Farm Bill<br />
Wheat: $5.50 (current is $4.17)<br />
Corn: $3.64 (current is $2.63)<br />
Soybeans: $8.31 (current is $6.00)<br />
Rice: $13.98 per cwt. (current is $10.50)<br />
Cotton would no longer have a target price<br />
Source: Pro Farmer,<br />
November 19, 2011
Trade: Trans-Pacific<br />
Source: U.S. Chamber of Commerce<br />
Partnership
Trade: Trans-Pacific Partnership<br />
Australia, Brunei, Chile, Malaysia, New Zealand,<br />
Peru, Singapore, Vietnam, and Japan<br />
$83 billion in agricultural exports to TPP countries in<br />
2010<br />
TPP countries accounted for 72 percent of U.S.<br />
agricultural exports in 2010<br />
Japan is the United States fourth largest agricultural<br />
market
MF Global Hearing<br />
Two slides with pictures of John Fletcher and others<br />
testifying at the hearing
Biotechnology
Education and Outreach
Food/Feed Safety Law<br />
Biggest changes in 70 years<br />
•Grain and feed<br />
exemptions<br />
•Product tracing and<br />
recordkeeping<br />
•Trade
Transportation<br />
Increased<br />
competition in rail<br />
rates<br />
Rehabilitation<br />
of inland<br />
waterways<br />
infrastructure
Save the<br />
Date:<br />
April 12-13<br />
Rosemont,<br />
Illinois
NGFA Membership<br />
Dues Reduction<br />
Benefits mostly country elevators<br />
8 to 19 percent dues reduction for those member<br />
companies whose dues currently fall between the<br />
minimum and maximum dues levels<br />
Should help with membership-recruitment efforts
NGFA: Committee-Driven<br />
1. Agroterrorism/Facility Security<br />
2. Arbitration/Appeals Panel<br />
3. Biofuels and Co-Products<br />
4. Biotechnology<br />
5. Country Elevator<br />
6. Feed Legislative and Regulatory Affairs<br />
7. Feed Manufacturing and Technology<br />
8. Finance and Administration<br />
9. Grain Grades and Weights<br />
10. Legal Council<br />
11. Membership and Marketing<br />
12. Grain and Feed PAC<br />
13. Rail Arbitration Rules<br />
14. Rail Shipper/Receiver<br />
15. Risk Management<br />
16. Safety, Health and Environmental Quality<br />
17. Trade and Agricultural Policy<br />
18. Trade Rules<br />
19. Waterborne Commerce
Change language