Top Three Feed Industry Predictions for 2013
Sustainability, commodity prices, weather top AFIA president's list
While at the 2013 International Poultry & Production Expo (IPPE) in Atlanta, GA, from Jan. 29-31, I caught up with American Feed Industry Association (AFIA) president Joel Newman to discuss his top predictions for agriculture as we look into 2013. Topping his list:
- Focus on sustainability
- High commodity prices
- Market and weather volatility
“Feeding a population of 9.1 billion people by the year 2050 is a huge undertaking by the industry, but one that I think we can achieve on a global basis,” expressed Newman.
To meet this challenge, Newman said the AFIA established a sustainability initiative two years ago, which focuses on six key points and relies on a special committee to discuss and make recommendations for addressing those issues.
High commodity prices and market volatility are two more trends Newman predicted will extend into 2013. Companies in the feed industry will benefit from solid risk managements plans because “as we go into spring, we’re all hoping for a successful planting season, but we need to recognize we’re still in a drought condition,” Newman said. “The open question is how will spring planting go and will we have enough moisture to produce a good crop.”
To watch more of my interview with Newman, click here.