American Carbon Alliance’s Post

#EconomicSurvey | Economic Survey identified agriculture and “education-employment” among six key areas for growth in Amrit Kaal. More details here ⏬ #NirmalaSitharaman #LokSabha #EconomicSurvey2024

The agriculture industry powers the U.S. economy, contributing over $1.2 trillion to the GDP in 2021—and it’s only growing. Whether you’re new to ag research or a seasoned expert, understanding the industry’s unique terms is key. Now with a new and improved design, The Ag Researcher’s Almanac offers a comprehensive glossary of ag terms, business categories, and more. Download your free copy today to connect with this vital industry: https://hubs.la/Q02Wqc4s0 #agaccess #marketresearch #agribusiness

In the United States, farmers produce more food, fiber, and renewable fuel on less land with fewer inputs (fertilizer, pesticides, water) than anywhere else on Earth in part to advancements in #biotechnology and #innovation. The U.S. continues to lose acres of farmland to development and farmers due to economic challenges that make farming and ranching prohibative for young and beginning farmers and ranchers. We must continue to invest in advancing agricultural productivity in the U.S. for both food security and national security. Let’s get that #FarmBill moving and invest in agricultural R&D through the appropriations process.

📈 October Rebound in U.S. Farmer Sentiment 🌟  The Purdue/CME Group survey, taken three weeks before the U.S. election, highlights some key trends:  1️⃣ Confidence Climbs: The Current Conditions Index jumped 11 points, signaling improved optimism about present farm financial health.  2️⃣ Steady Outlook: Slight growth in the Future Expectations Index reflects cautious but stable planning amid uncertainty.  3️⃣ Investment Rising: A 7-point gain in the Farm Capital Investment Index suggests producers see weak 2024 income prospects as temporary.  📌 Farmer sentiment shows resilience and optimism despite challenges. Will this momentum hold post-election? https://lnkd.in/giw-Q_4g

My quick article on the Economic Survey 2023-24. Key takeaways - private investment must take the baton forward. Mix of private sector investment is unhealthy. But private investment may not pick up unless consumption remains subdued. - Needed: A shift away from bank led financing for corporates: deepening of the corporate bond market - Crop diversification and push to allied (non crop activities) will promote agriculture GVA. - Exemptions that incentivise MSMEs to remain small must be phased out -7.8 million jobs required in the non farm sector annually till 2030. Role of the private sector in job creation is crucial.

Just a quick observation: the 8.4 % growth in 3rd Quarter of this FY is calculated on a low base of 4.4% in 3rd Q of FY 22-23.Remember that this has been revised downwards recently. Manufacturing growth at 11.6 is similarly calculated on a low base of last FY when it was negative 4.8%. So there's nothing to clap about here. Everybody knows that manufacturing has not generated any growth, or jobless growth at the most. Agriculture has plummeted to an all time low of minus 0.8, yet there is no will to listen to the demands of the farmers.

The agricultural sector’s sentiment has shown signs of improvement in March 2024, according to the latest Purdue University/CME Group Ag Economy Barometer. The index, which assesses the economic optimism among U.S. farmers, climbed to 114, marking a modest 3-point increase from February. This improvement stems from heightened future expectations, even as the current conditions index slightly declined. Read more here -> https://lnkd.in/ecJ4FAKY #igrownews #igrownagribusinessnews

Pleased to announce that our article on #UnionBudget updates has been published in #ETNOW. It provides a comprehensive analysis of the anticipated impacts on agriculture, #MSMEs, and technology sectors. We explore what stakeholders are expecting, the positive trends emerging, and highlight how strategic investments in these sectors can boost GDP growth. Understanding these dynamics is crucial for making informed decisions and fostering economic development. Read on to see how these changes could shape our economic future. Regards, CA Vijay Kumar Gupta Member, NIRC of ICAI

It seems like every third post I see on social media is bemoaning the loss of farmers and/or farmland. Why is this such a surprise? The rate of population growth has been rapidly declining and is currently below 1% globally. It is expected to decline to under .5% globally by 2050. Already 25% of the global population lives in a country with a declining population. Even in the US, the population growth rate is now less than .5%. Agricultural productivity has been steadily increasing at a rate of ~2% over the last 50 years. Globally, we already produce enough food to feed 11 billion people but there are only 8 billion people on the planet and virtually nobody expects the global population to ever exceed 10.5 billion. We waste 1/3 of the food we produce, burn 10% of our global grain crop for fuel and obesity is the world's biggest health challenge. We already produce more food than we need and agriculture efficiency is improving faster than the population. These are trends that have all been established for decades but somehow we're shocked that there are fewer farmers and less farmland? I understand people don't like to see houses built on agricultural land. I understand it's hard for young people to get into the business. I get all that, but if you're surprised this is happening, you simply haven't been paying attention. Unless efficiency of agricultural production declines, you're going to see a lot more of it. There's not way around it. It's just math.

Seems like we've figured out the production volume beyond what we need, maybe it's time we figure out what we need to grow and how to distribute it. Most importantly, we need to figure out how to grow nutrient dense foods without poisons and without damaging our planet. There's a small, but growing contingent of people doing this, such as the folks over at GreenField Incorporated, Pasturebird, and farmers Such as Joe Salatin, Nick Vos, Gabe Brown and the like. We need more people like this and people solving this problem. One last point: Something is gravely wrong with market dynamics when overproduction is the norm and prices are always dropping. Maybe there is an incentive structure at play here that needs to change?