Farming for Tomorrow's Consumers

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Farming for Tomorrow’s Consumers Dan Dye

description

The Minnesota Agri-Growth Council Annual Meeting and Speakers Conference is the organization’s premier annual event, bringing together key stakeholders in the food and agriculture industry from Minnesota and the Upper Midwest. As part of this program, Dan Dye with Cargilll presented on the topic of Trends in Food Production and Marketing.

Transcript of Farming for Tomorrow's Consumers

Page 1: Farming for Tomorrow's Consumers

Farming for Tomorrow’s Consumers

Dan Dye

Page 2: Farming for Tomorrow's Consumers

Agriculture’s and agribusiness’s challenge

• What’s ahead for us?– Changing consumer behaviors

• Sustainability-based buying trends• Retailers prompting producers to ‘go

green’

– Environmental sustainability• Optimizing yields without increasing land

use• Conserving natural resources• Climate change

– Food security• Feeding 9 billion+ people by 2050

2©2011 Cargill Incorporated. Confidential. All rights reserved.

Page 3: Farming for Tomorrow's Consumers

The sustainability paradox

• Is sustainability prompting consumers’ buying decisions?– 54 percent of shoppers consider environmental

sustainability in their buying decisions• Just 22 percent actually bought ‘green’ products

based on their shopping trips

– “Sustainability” has a lot of different meanings• Environmental…• Social…• Fair trade, etc…

– Price is a factor• Generally, products produced with higher

sustainability standards carry a higher price tagSource: Grocery Manufacturing Association

3©2011 Cargill Incorporated. Confidential. All rights reserved.

Page 4: Farming for Tomorrow's Consumers

Keys to success

• Dynamic partnerships between growers, agribusiness

• More and new innovations attuned to sustainability

• Foresight to address food security

4©2011 Cargill Incorporated. Confidential. All rights reserved.

Page 5: Farming for Tomorrow's Consumers

Dynamic partnership approach…

• EcoFlour™

– More sustainable wheat growing system

• Cutting edge technology to apply fertilizer more efficiently

• Reduces energy inputs and improves yields

– Customized• Tailored to a farmer’s specific

productapplications and sustainability objectives

5©2011 Cargill Incorporated. Confidential. All rights reserved.

Growing as little as 6 acres of wheat in the EcoFlour™ program can

eliminate approximately one ton

of CO2 equivalents.

EarthGrains® bread formulated with EcoFlour™

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Sustainable innovation for farmers…

6©2011 Cargill Incorporated. Confidential. All rights reserved.

• Combining…• Seed• Crop protection• Crop nutrition• Seed products

• …to unlock the secrets of higher corn and soybean yields• 300 bushels an acre for corn• 100 bushels for soybeans

• Achieving new levels of sustainability

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Global food security

• Sustainable agriculture practices• Efficient markets• Open trading system• Safe distribution systems• Investment in ag education and

research• Private and public sectors

working together

7©2011 Cargill Incorporated. Confidential. All rights reserved.