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Non-Tech : Farming

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To: Nancy Haft who wrote (63)8/5/1999 4:24:00 PM
From: James M. Belin  Read Replies (1) of 4444
 
Nancy,

In the short run I expect more pain. There will probably be a big shakeout among the producers. Unfortunately, I think that the family farmer is going to suffer. I suspect that the family farmer has far less staying power than a number of corporate producers. I suspect that corporate producers with low debt on their balance sheets will be able to acquire additional assets at cheap prices.

I also think that demand for pork worldwide needs to increase. I know that pork is desired in east Asia. However, if countries such as China, Taiwan, Korea, and Japan have economic problems, I do not know when an increase in demand might occur.

Overall, I want to find companies that I think have staying power. I have absolutely no idea how long the trough in hog prices might last.

Jim

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