Tag Archives: calendar
Romania Exported This Year Wheat Worth 300 mil. Euro, Double Against 2012
01.10.2013 Romania exported this year wheat worth 300 mil. Euro, double against the first nine months of 2012, when they got 146 million euro on the sales on foreign markets, stated at the conference Mediafax Talks about Agriculture, the minister of agriculture Daniel Constantin. The minister of agriculture stated that this year there was a huge production of wheat and lower prices than last year, when there was generalised draught and the prices almost doubled against 2011. ‘There are big fluctuations of price, given by the market. The state cannot intervene with mechanisms of storage. We can intervene only at the level of the production and we will try to have more relevant help from the state budget. Romania exported wheat worth 300 million euro this year, against 146 million euro in the first nine months of 2012’ the minister said. The vicechairman of the League of Agricultural Producers Associations of Romania Nicolae Sitaru told the minister of agriculture that the producers do not understand why there are so huge differences between the price on the stock exchange and the price on the farms. ‘ If last year the price for cereals was 25-30 euro at the farms’gates now is 60-70 euro at the stock exchange ‘ Sitaru said. actmedia Continue reading
Romanian Agriculture Is Top Of The List When It Comes To Foreign Investors’ Preferences
Balkans.com Business News Correspondent – 03.10.2013 Romania is a genuine agricultural paradise and French investors have many opportunities to invest in Romanian agriculture, said early this summer the French Ambassador to Bucharest, Phillipe Gustin. Indeed, specialists confirm that agriculture is top of the list when it comes to foreign investors’ preferences. On the other hand, though, Romanian youth is not so much interested in getting specialized in agriculture, as Maria Drinovan, the Head of the ‘Tara Barsei’ Agriculture and Food Industry College in Prejmer, Brasov County, said. “ Unfortunately, agriculture schools are faced with a difficult situation these days, because children are less and less interested in agriculture. It would be important to change people’s mentality, for them to no longer say ‘you’ll get to tend by cows unless you study”. I still believe that Romania can develop significantly through agriculture, but for that we need educated young people, graduates of agriculture high-schools, colleges or higher-education institutions. Without proper education and without well trained people we will not be able to talk about sustainable agriculture.” The head of the Agriculture College in Prejmer made that statement in the opening of the event celebrating the 9th anniversary of the “the demonstrative farm and the Agrovision center for training and consultancy in agriculture”. This is a World Vision project launched in 2004, which can be seen as an alternative solution to training specialists in agriculture. The cattle breeding farm was built in a poor community, in the village of Crit, Bunesti commune, Brasov County. Crenguta Barbosu, a World Vision Manager of the Agriculture and Rural Development Program told us how the project started, the very year when Romania concluded with the EU the negotiations regarding agriculture. “We first bought a farm, a former agricultural cooperative, which we modernized. We got money from the US and we also applied for a SAPARD project, to prove to people that those funds could be accessed by farmers in Romania. With the money we got we modernized the facility, we bought cows, we equipped a milking facility, etc. We also built a training center for farmers, we developed a management curriculum for cattle farmers, because back then specialized literature was accessible to specialists only. There were no books for small farmers. Then Romania joined the EU, the Rural Development Plan appeared and that was when our programs started focusing on teaching farmers how to apply for European funding.” Radu Todea is a young graduate of the Civil Engineering Faculty, but he decided to work in animal breeding, after he learnt how to do it at the Agrovision farm. He designed and built his own farm, as we found out from the film that presented the impact of the project. “ I inherited the business from my parents. We had 11 milk cows. Then I was trained by World Vision. I learnt how to breed animals in proper conditions, I learnt how to grow calf, how to properly equip the milking facilities. I have managed to double the number of cows in my farm and I use milking machines. The business is prosperous and I am not at all sorry for making the choice I made.” In 9 years, the demonstrative farm in Critz has turned into more than just a project aimed at supporting small farmers to pass from subsistence to commercial agriculture, as it has also had a strong social impact, helping the development of the local community. Crenguta Barbosu again: “ We also realised the tourist potential of the area. The Critz Village is located in an area where there are many Saxon fortified cities, which started to become interesting to both Romanian and foreign tourists. So we started courses of rural tourism for women, and not only. We’ve had 300 graduates so far, and many of them are now owners of guesthouses or work in such guesthouses. Also, to help develop the local community, we opened a weaving workshop for poor women, who lived on what they would get as seasonal workers. We taught them how to weave and some of them are now selling what they make to tourists whose number has grown by the year.” One of the major issues facing agricultural education in Romania is the fact that students have no opportunities to do relevant internships, because the farms where the standards are high are very few, says Maria Drinovan. “I really wish young people could stay in villages and develop their own businesses there, even if not all of them in agriculture. I come from a rich commune, which is also home to the school I work for, and our impact in the community was major. I can give you an example: in 2000, under a Leonardo project we sent 10 young farmers from Prejmer and the neighboring vilalges to a 4 month internship to Denmark, on ecological agriculture. The result? Five of the 10 young people who did that now have their own farms and one of them graduated from a higher-education institution and is now the manager of a big Danish farm that has 6 thousand hectares of land in Romania.” The conclusion to all that would be that agriculture can generate decent incomes, a positive message that initiators of such projects are trying to convey; and, there are young people in this country willing to start a business in a rural environment, inspired by model farms like the one in Crit. Business review Romania Continue reading
Agriculture Funds Ponder The 14 Billion Bushel Question
By: Jonathan Boyd 05 Aug 2013 Latest projections that the US will have its first ever 14 billion bushel harvest of corn in 2013 has helped drive prices on the Chicago Board of Trade exchange to their lowest since November 2010. The price fall comes as organisations such as the International Grains Council confirm that this year will see a sharp rebound in output of crops such as corn and wheat in the Northern Hemisphere, following a poor harvest in 2012. Globally, this recovery means that the world’s overall corn harvest should be high this year, ensuring a level of supply that is currently pushing down prices for forward delivery. One bushel of corn is 56lbs, or 25.4kg. According to the International Grains Council: – With record crops expected in the US, China, and Ukraine, world production is forecast to increase by 10% y/y in 2013/14 – As consumption is seen rising by 5% y/y, world stocks will be rebuilt in 2013/14, with inventories in the four main exporters forecast at a nine-year high – Global trade is forecast at a six-year high, with China a much larger buyer, but is unlikely to match the 2007/08 record as good crop prospects in some countries will cap overall import needs. Reviewing data from FE for products that invest in agriculture, some 281 funds are identified. Stripping out specialist products that invest in hogs, wheat, soybeans, sugar or other non-corn soft commodities, leaves some 219 funds. Reviewing these over a three-year period it is clear that corn has delivered some solid positive returns through products such as UBS CMCI Corn (up about 52%), ETFS Daily Leveraged Corn (50%), Source S&P GSCI Corn Total Return (43%), and ETFS Corn (40%). However, in the short term it is clear that the asset has lost pace: their respective 3-month returns are -15%, -33%, -17% and -17%. Leveraged corn has, in other words, done worst in the past few months, reflecting the downward price trend. Corn versus broader agriculture 1m 3m 6m 1yr 3yr 5yr 10yr UBS CMCI Corn USD in US -6.78 -15.47 -23.00 -28.35 52.60 ETFS Daily Leveraged Corn in EU -18.32 -33.46 -42.80 -58.87 45.90 -76.64 Source S&P GSCI Corn Total Return in US -8.71 -17.25 -23.87 -30.61 43.40 ETFS Corn USD in US -8.62 -17.09 -23.73 -30.35 40.14 -28.40 ETFS Leveraged Corn USD in US -17.20 -32.37 -46.86 -55.55 38.29 -74.93 Robeco SAM Sustainable Agribusiness Equities D EUR in EU 1.29 -1.29 2.36 8.10 28.31 CFS Wholesale Global Soft Commodity Share TR in AU 3.19 9.17 8.14 27.31 28.29 First State Global Agribusiness A GBP Acc in GB 0.75 -2.19 -2.69 10.18 28.25 KBI Inst Agri A EUR in EU -2.49 -8.63 -6.32 -1.70 28.17 34.11 Allianz Global Agricultural Trends AT USD in US 3.93 -0.75 -9.73 1.44 24.62 -3.29 Birla Sun Life Commodities Equities Global Agri Ret Gth in IN 0.23 2.41 -4.05 3.91 23.61 BlackRock Global Funds World Agriculture A2 USD in US 0.25 -1.32 -6.57 4.92 23.07 Skandia USD Allianz Global Agricultural Trends USD in US 2.48 -4.07 -11.39 -1.67 22.77 Source: FE Continue reading