Early CropLife 100 Returns Report: The Mystery Of 2014

Fall is in full swing. Here at CropLife, we are busily collecting data from our annual CropLife 100 ag retailers survey. Now in its 30th year, the CropLife 100 has become something of a badge of honor for those retailers that make the list. But it also provides an invaluable snapshot of what the state of agriculture is for the current year and gives a glimpse of what might be coming down the line in the year ahead.

Except for this year, that is. Since 2009, most of the information from the CropLife 100 survey the past three years has pointed to plenty of optimism when it comes to the overall state of the ag marketplace. And this has largely played out as expected, with community prices staying high and grower-customers spending plenty of capital on products and services.

But there are signs 2014 won’t be as rosy in terms of market trends as the previous three seasons. For one thing, the major market driver the past few years, fertilizer, looks as if it will have a rougher road in the coming year. More than half of the early CropLife 100 surveys predict growers will downsize their corn acreage in 2014 and turn to more soybeans instead, using less fertilizer in the process.

How would you rate your level of optimism for 2014? (1=very low, 10=very high)

View Results

Loading ... Loading ...

Despite this fact, more than 80% of these same ag retailers are planning to invest more money than they did in 2013 into expanding and upgrading their outlets. Furthermore, many respondents have noted this capital is being used specifically to expand fertilizer storage capabilities.

It’s a similar tale with the overall outlook for 2014. When asked how their grower-customers feel about their prospects for the coming year, more than 60% say this group is “somewhat pessimistic.” Yet, when asked to rate their own feelings for profitability in 2014, the majority of respondents rank the year as a seven on a scale of one to 10 – on par with the seven or eight the market has averaged the past few years on this same question.

As I said, these are some early returns, with about 33% more yet to come in. Still, based upon the initial data, 2014 could be a head-scratching year for agriculture.

Leave a Reply

Eric Sfiligoj Stories

MFA-Centralia-MO
Eric SfiligojThe Resilience of Ag Retailers
July 17, 2017
After covering the ag retail market for 17 years, I think one of the most impressive character traits I’ve seen Read More
Soybean Closeup
Eric SfiligojGlyphosate and Dicamba Facing War In-Between the States
July 10, 2017
It’s been a busy couple of weeks for crop protection products containing glyphosate and dicamba. First, in late June, the Read More
Young Corn Plants
Eric SfiligojLaunching New Seed Traits: Wait on China . . . Or Else!
June 26, 2017
In life, no one likes the waiting game. In agriculture, however, playing the waiting game is very important – especially Read More
United States Capitol Building in Washington D.C.
Eric SfiligojBudget Battle Agitating Ag
June 5, 2017
President Donald Trump has made waves with many groups when it comes to health care reform, immigration policy, and proposed Read More
Trending Articles
Stewardship‘Gonna Fly Now’ with Environmental Respect
July 20, 2017
One of the most memorable moments in movie history occurred in the Academy Award-winning 1976 film “Rocky.” Haven gotten his Read More
StewardshipEnvironmental Respect 2017 Kicks Off Enjoying an American Pastime
July 18, 2017
Following months of planning and scheduling, the 2017 Environmental Respect Awards (ERA) celebration kicked off in fine fashion as more Read More
Soybean Closeup
Crop InputsMissouri Lifts Dicamba Ban, Issues Stricter Application Parameters
July 14, 2017
The Missouri Department of Agriculture has lifted its barely week-old ban on new dicamba technologies, which have been at the Read More
Crop InputsMonsanto Responds to Arkansas, Missouri Dicamba Bans
July 10, 2017
Monsanto, provider of the dicamba-tolerant Roundup Ready Xtend crop system for soybeans and cotton, issued the following statement on Friday, Read More
Retail FacilitiesPCS-Hammond Meets Fertilizer Storage Needs with New Dome Facility
July 8, 2017
The new barrel dome facility at the PCS-Hammond Regional Distribution Center in Hammond, IN, can hold more than 100,000 tons Read More
PrecisionAg Vision Conference
Precision AgPrecisionAg® Vision Conference: Focused on the Future
June 13, 2017
PrecisionAg® is pleased to announce the return of its PrecisionAg Vision Conference, October 10-12, 2017. Based on overwhelmingly positive response Read More
Latest News
Stewardship‘Gonna Fly Now’ with Environmental Respect
July 20, 2017
One of the most memorable moments in movie history occurred in the Academy Award-winning 1976 film “Rocky.” Haven gotten his Read More
StewardshipEnvironmental Respect: Grand Grounds, Posters Parade
July 19, 2017
To celebrate their accomplishments in the area of environmental stewardship, award recipients at the 2017 Environmental Respect week spent much Read More
StewardshipHarden’s Message to ERA Winners: Do Tell Your Good Stor…
July 19, 2017
As the daughter of a peanut farmer, Krysta Harden, Chief Sustainability Officer for DuPont Crop Protection, understands the importance the Read More
StewardshipFarming Smarter Hinges on 4R Best Management Practices
July 18, 2017
Preserving water quality while feeding another 2 billion people by 2050 is the challenge facing North America’s farmers and its Read More
StewardshipEnvironmental Respect 2017 Kicks Off Enjoying an Americ…
July 18, 2017
Following months of planning and scheduling, the 2017 Environmental Respect Awards (ERA) celebration kicked off in fine fashion as more Read More
Soybean Field Sunset
OpinionPicking Partners in the Crop Protection Market
July 17, 2017
Agriculture is a market awash in highs, lows, and everything in between. This is certainly true in the world of Read More
TMX-2050-In-Cab-Display-Launch-Run-Screen
EquipmentGPS Auto Steer: Innovating in a Mature Market
July 17, 2017
In the world of Big IRON, GPS auto steer has closely mirrored the evolutionary path of consumer GPS Navigation systems Read More
MFA-Centralia-MO
Eric SfiligojThe Resilience of Ag Retailers
July 17, 2017
After covering the ag retail market for 17 years, I think one of the most impressive character traits I’ve seen Read More
SERA-meeting
Stewardship4R Event Explores How to Minimize Phosphorus Losses
July 17, 2017
This year the Southern Extension and Research Activity (SERA) – 17; will be meeting in Oregon, OH, from August 14-17. Read More
Students Soybean Field
StewardshipCCA 4R Study Guide Available
July 17, 2017
In June the International Plant Nutrition Institute (IPNI) released the Certified Crop Advisor (CCA) 4R Nutrient Management Specialist (4R NMS) Read More
Soil soybean closeup
FertilizerThe 4Rs and Potassium
July 17, 2017
Are we meeting crop K needs? Using the 4R nutrient stewardship approach of selecting the right source at the right Read More
Soil Young Corn
StewardshipTop 10 Themes from the 2017 4R Nutrient Stewardship Sum…
July 17, 2017
Preserving water quality while feeding another 2 billion people by 2050 is the challenge facing North America’s farmers and its Read More
Soybean Field Sunset
Crop InputsWhich is Better for Soybeans: Fall or Spring Applicatio…
July 17, 2017
There have been many questions about fall versus spring applications of phosphorus (P) and potassium (K) to soybeans, writes Dr. T. Read More
corn-potassium-deficiency-University-of-Minnesota-Extension
Crop InputsRecognizing Potassium Deficiency Symptoms in Crops
July 17, 2017
Some crops exhibit characteristic deficiency symptoms when adequate amounts of K are not available for growth and development, according to Read More
ManagementComplexity in Agriculture: The Rise (and Fall?) of Mons…
July 17, 2017
Sometimes it seems as if the ag world is changing so fast that we can barely keep up with it Read More
Crop InputsMonsanto: Illegal, Improper Use at Root of Drift Proble…
July 14, 2017
Monsanto isn’t backing down from the position that its tool — the Roundup Ready Xtend dicamba-tolerant system for soybeans and Read More
Soybean Closeup
Crop InputsMissouri Lifts Dicamba Ban, Issues Stricter Application…
July 14, 2017
The Missouri Department of Agriculture has lifted its barely week-old ban on new dicamba technologies, which have been at the Read More
Crop InputsCreate a ‘No-Mite Zone’ Around Your Fields
July 13, 2017
Explosive. That’s one way to describe the speed at which mite infestations in crops can develop under the right conditions. Read More