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May 19, 2014
Agribusiness Papers
the West Africa Economic Community and the Common Market for …
October 4, 2011
Agribusiness Papers
it shows that the uncertainty coming from Washington is not having significant
adverse effect on the agri‐good and agribusiness community, it is important to recognize that it may be
causing overestimation of investment costs and, thus, slowing down or preventing certain investments
from being made. In the end, business leaders need to focus on opportunities embedded in these
uncertainties and combine their resources and capabilities creatively to ensure they gain and grow their
market shares in both domestic and international markets.
1
Near‐Term Economic Outlook: Agri‐Food
Business Leaders’ Perspectives
Vincent Amanor‐Boadu
September 2011
gri‐food and agribusiness companies have done well this year. Cargill reported a rise in profits of
35% to $2.69 billion in fiscal 2011.1 Archer Daniel Midlands (ADM) reported a modest 5% increase
in fiscal 2011 net earnings, from $1.93 billion to $2.04 billion.2 Monsanto reported a 77% increase in
profits in the third quarter of fiscal 2011, causing expected per share earnings to increase from $2.84 to
$2.88 in 2011 compared to 2010.3 General Mills saw a 17.5% increase in net income in fiscal 2011 over
fiscal 2010 while Tyson Foods reported an increase of 14.5% in the first nine months of fiscal 2011
compared to fiscal 2010.4 These increases in agri‐food and agribusiness companies’ net incomes have
come from modest volume increases and significant price increases. For example, Tyson Foods saw a
volume increase of about 2.1% across all its products compared to an 11.4% increase in prices in the first
months of 2011.
The U.S. farm sector is expected to have some stellar performance this year, similar to the agri‐food and
agribusiness companies. The Economic Research Service of the USDA forecasts a 19.8% increase in net
farm income (the entrepreneurial earnings of producers) to $94.7 billion in 2011 compared to 2010.5
Net cash incomes (i.e., income earned to settle expenses and debt) are forecast to increase by about 8%
over the same period while the net value added of agriculture to the U.S. economy in 2011 is forecast to
be the second‐highest in the past 35 years.
Agriculture and agri‐food sectors are not the only ones seeming to do well. Other industries, such as
financial services and basic metals, have seen net profit margin increases of 10.4% and 13.6%
respectively while that of consumer goods and industrial goods have increased by respectively 6.5% and
5.8%. Individual companies and industries are doing so well that U.S. companies are reputed to be
sitting on more than $2 trillion in cash. The top‐20 S&P companies account for 70% of this cash
reserve.6
1 …
August 1, 2010
Production Publications
in both the agricultural community and in Washington D.C.
Uncontrollable …
January 1, 2010
Production Publications
in both the agricultural community and in Washington D.C.
Uncontrollable …
Section 4: Starting Your Business
Advantages—flexibility,
community prestige, intense coverage …
October 22, 2020
Precision Ag and Technology Articles
major problem” in their community (Anderson, 2018). Another …
December 6, 2023
Recent Videos, Risk and Profit Online Mini-Conference Presentations
projects
UkraineReni
Moldova
Giurgiulesti
Galati
The Ministry for Communities, Territories and Infrastructure …
June 1, 2009
Water Policy
agricultural industries and rural communities through innovative
scientific …
April 16, 2020
Land Buying and Valuing
full-service bank with locations in
communities throughout Kansas, and we’re …