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elcheapo
Veteran Advisor

less demand....putin stops all u.s. ag imports

This, according to USA today.

So chicken will soon will be on sale, so
Could maybe drop pork and beef for
A little bit.

The spitting game has started

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12 Replies
tree fmr
Advisor

Re: less demand....putin stops all u.s. ag imports

Didn't something like this happen in the 80's but it was the U.S. imposing an embargo that contributed to the farm crisis?

 

I am with others on how this will affect farmers, that is those with mostly a rented land base may see some very tough times.  Also wonder how this will affect off farm land owners?  If that owner is used to living a certain life style from farm rent and now his rent drops by say 30% or more, well now what?

 

Going to be interesting times.

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clayton58
Veteran Advisor

Re: less demand....putin stops all u.s. ag imports

I confess ignorance... but how much did russia import from us anyway?  In the last few years?  is it really a big deal, or mostly symbolic?

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Shaggy98
Senior Advisor

Re: less demand....putin stops all u.s. ag imports

We've been told 11% of all our food and ag exports went to Russia in 2013, but we've got some scepticism with that figure.  It was being discussed on another marketing thread earlier today.

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clayton58
Veteran Advisor

Re: less demand....putin stops all u.s. ag imports

I agree that sounds high.  I just read the comments on the other thread.  I too would like to see verification on that number

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Hobbyfarmer
Honored Advisor

Re: less demand....putin stops all u.s. ag imports

(Corrects Russia's percent share of total U.S. food and
agriculture exports in second paragraph)
    Aug 6 (Reuters) - Russia banned all imports of food from the
United States and all fruit and vegetable imports from Europe in
retaliation for Western sanctions over its support for rebels in
Ukraine, Russia's state news agency said on Wednesday.

    With about $1.2 billion in U.S. food and agricultural
product imports in 2013, Russia was the 23rd largest market for
the United States, representing an 0.8 percent share of U.S.
food and agricultural exports to all countries.
    Russia is the second-largest importer of U.S. poultry meat,
and the seventh largest U.S. pistachio importer.
    Moscow banned imports of U.S. beef and pork in February
2013, citing concerns about the growth-enhancing feed additive
ractopamine. Only a few U.S. plants have resumed exports to
Russia by ensuring exported products are ractopamine free.
    Below is a list of the top U.S. food and agricultural
products exported to Russia from January to June 2014, according
to the U.S. Agriculture Department's Foreign Agriculture
Service.
   
Product               Jan-Jun 2013      Jan-Jun 2014      YOY
                   (value in $1000)  (value in $1000)   change
Soybeans                    16,278           134,396     726%
Broiler meat               154,226           128,507     -17%
Pork                        15,684            60,436     285%
Almonds                     71,250            47,142     -34%
Breeding beef               71,922            13,633     -81%
and dairy cattle                                     
Pistachios                  16,278             9,272     -43%
Peanuts                      9,894             7,955     -20%
Soymeal                         46             7,500   16204%
Rice                         2,763             2,924       6%
Beef and veal                  550               158     -71%
   

(Reporting by Karl Plume in Chicago)

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Hobbyfarmer
Honored Advisor

Re: less demand....putin stops all u.s. ag imports

In most economics classes it is taught that it takes 5% to affect a market.

 

looks like chicken, one nut, and maybe the fat part of the hog.

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elcheapo
Veteran Advisor

Re: less demand....putin stops all u.s. ag imports

Looks like chicken, one nut and maybe
the fat part of the hog........there has
To be a story there!

Was wondering what other marketing thread was. Maybe I can learn something
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sw363535
Honored Advisor

Re: less demand....putin stops all u.s. ag imports

We put the Ag.com "intelligence agencies" on this over on Mikes floor talk Aug 6 ----Message

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tree fmr
Advisor

Re: less demand....putin stops all u.s. ag imports

Nuts, aren't most of those grown in the drought stricken west, California?

 

Thank you my good friends from Russia for keeping the local prices in check during these dry times!!

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