Subject:History
Question:You raise cotton for export, corn (for both consumption and ethanol markets), soybeans, and dairy cattle (with a wholesale milk producing facility) for U.S markets. The 2013 Farm bill (Agricultural Reform, Food and Jobs Act of 2013) finally passed in the U.S congress early in 2014, but given the outcome of Congressional elections later that year, is presently facing substantial pressure for reform in 2016. As a business owner you must plan ahead for alternative. If this bill continues in force as presently written or if its cancelled entirely (due to farm subsidies), how will this impact your business now and for the next few years? What can or should you do to improve your business? Your analysis should include a forecast of government subsidies (both present and those expected to be lost if this bill is cancelled), market demand and demand elasticities for your for your products, and any related cost increases/decreases you might expect in your area. Also note the country to which you plan to export your cotton. Will demand for your product continue to expand in that country and why or why not? You may change your product mix (dropping or expanding some or adding other) as you feel appropriate. Prepare a summary plan of action for your company. Support your analysis and conclusion with economic data not just your opinion.
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