Do your current agriculture business strategies factor in long-term cost forecasts?
The agriculture sector today faces many challenges, including supply chain disruption, adjusting to the shift towards sustainability, changing global policies and trade, shifts in supply and demand for various commodities, availability and cost of land, and new technologies.
These complex factors leave little margin for error and require businesses to move nimbly and adapt with the markets to remain profitable and competitive. This demands the need for reliable data with deeper analytics and forecasts further into the future to minimize risk.
Through a single platform, the Farm Economics service by IHS Markit service provides this comprehensive data and analysis though access to comprehensive historical coverage as well as forecasts out to 2035.
Companies across the Inputs sector, producers, traders, financial players and governments benefit from data and analysis found in The Farm Economics service to:
- Examine and compare production costs, revenues, and margins for major agriculture crops for major producing countries and regions, and between key markets and other global export competitors.
- Identify high-growth investment opportunities, inform underwriting decisions, and monitor existing portfolio risk with greater accuracy using our long-term forecasts
- Assess short and long-term implications for crop production and the effect on prices
- Benchmark, measure and make predictions on farm performance
- Better target sales and marketing efforts to improve ROI
- Adjust input product pricing based on change in share of inputs and affordability
- Discover the future competitiveness of crop production between regions
- Better inform decisions on trade policy and farm support