The new year is approaching, and for some farmers, it can’t get here fast enough.
This week’s U.S. Farm Report analysts, Arlan Suderman of FC Stone, Alan Brugler of Brugler Marketing, and Steve Nicholson of Rabobank AgriFinance, seem to have an optimistic outlook going into 2017.
There’s always fear there could be a repeat of 2008, 2009, but it looks like high prices won’t be seen for a few decades.
“Those come about once every 30 years,” said Suderman. “The market will have volatility, we’ll have opportunities, but you’re going to have a risk-management approach.”
If there is a surplus, Brugler said the prices won’t drop and stagnate
“It’s more of a pogo stick,” said Brugler. “It goes too far down, you press the spring and you bounce back.”
While there is a sense of optimism, you have to look for opportunities to diversify operations.
“It could be things you may not agree with,” said Nicholson. “Look at that.”
Watch a special edition of U.S. Farm Report at Agriculture Future of America.