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Posted: Friday, 15 November 2013 12:50AM

Grains Are Down, Livestock Is Up



There are changes ahead for the agriculture sector and AgResource Company President, Dan Basse says it will be good for cattleman, but not for grain producers. Basse addressed the Christian County Agri-Business Association Thursday night, with some news many in the area are hoping will not come to fruition. Basse says the trends are grain prices are going down in the next five years closer to where they were in the 70's, 80's and 90's.


   
Unless Mother Nature intercedes in other parts of the world, he says farmers will want to sell their soy beans now instead of holding on to them.


   
But the lower prices will be good news for those growing livestock and now will be the time to expand the herds.


   
He says North America will become energy self-sufficient in the next five to seven years, because of fracking and technology.

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