IFA is hosting a conference to examine the options open to farmers to mitigate price volatility, boost productivity and resulting incomes, access cheaper finance and create value added. The conference also takes a detailed look at the new trailer regulations which were brought into force at the beginning of the year.
Grain farmers’ incomes have fallen significantly in recent years as growing world stocks dampens investor sentiment, pressuring grain prices lower. Key speakers will address a number of topics including: market outlook for 2016, price risk management strategies, role green cover and catch crops, alkaline grain storage & preservation systems among other items.
Agricultural prices according to the FAO’s food price index have fallen by close on 30% from 2011 to 2015. The cereal price index alone for 2015 was down by 15% and continues to fall. The International Grains Council in its latest report has forecast grain carryover stocks for the 2015/16 crop year to build. High world grain stocks, the largest in almost 30 years, in tandem with a slowdown in the Chinese and other developing economies, falling oil prices and the resulting turmoil in financial markets continues to pressure world grain and agricultural commodity prices lower.