Over the last few years – Mother Nature has proved that she holds the cards.
As we look ahead to 2013, Purdue University ag economist Chris Hurt says the agriculture industry really needs to see a return to more normal weather patterns. “We have a lot of our end users that have lost a lot of money,” he says. “If we should see droughty conditions and poor crops a lot of our sectors are going to suffer.”
Hurt tells Brownfield, “We have the ethanol sector that has lost money all of 2012; we have our export customers for grains that have struggled with the high prices and have looked elsewhere for corn and soybeans; and clearly all sectors of the animal industry have lost money.”
Many of these, he says will not be able to survive without a return to more normal weather patterns and moderate feed prices.