A senior analyst at an agriculture outfit devoted his recognition of John Deere Day in Northeast Ohio to expounding whether 2011 will see the same vibrant grain harvest as last year, according to published report.
Darin Newsom of DTN/The Progressive Farmer observed Wooster, Ohio's tribute to the world's biggest agriculture equipment manufacturer by leading a discussion as to whether demand will resume or if high prices will cause it to slow, farmanddairy.com reports. He also questioned when industry insiders would have to adapt to such adjustments and he encouraged attendees to keep moving forward in anticipation of a resumption of the status quo.
"We're going to stick to our rotation - we're businessmen," Newsom said, noting the most stable method of approaching the new year is by doing what previously worked best.
Hosted by the Ohio Agricultural Research and Development Center, the discussion Newsom led indicated commodities are hurtling toward a higher investment status in the long term. Moreover, commodities have performed so vibrantly during the past decade that the margin of return has surpassed 200 percent.
"We're dealing with something new," he said. "Commodities now are viewed as a long-term investment option."