Current & Long-term Prospects for US Dairy Trade. Cooperative Network Dairy Policy Conference April 3, 2012 Jim Sleper Land O’Lakes, Inc. Agenda. What are the fundamental trends & observations for U.S. Dairy Trade? Why is the U.S. in a unique position for Dairy Trade?
Current & Long-term Prospects for US Dairy Trade
Dairy Policy Conference
April 3, 2012
Land O’Lakes, Inc.
Fundamental Trends & Observations
U.S. Dairy, Agriculture, Agribusiness and the Food
Industry offer high-opportunity &
to 9.5 billion by 2050
increase 70% to meet higher demand
Source: United Nations Food and Agricultural Organization
as much dairy
as much meat
1 On a per-day basis, global food consumption is ~17 trillion Kcal in 2000, ~18 trillion Kcal in 2005, and ~28 trillion Kcal in 2050
2 From ~475 to ~892 million tons of dairy, ~1 to ~1.44 billion tons of cereals, ~227 to ~464 million tons of meat, over the period of
2000 to 2050
SOURCE: FAO World Food and Agriculture to 2030/2050; FAO Expert Meeting on How to Feed the World in 2050
We export the equivalent
Total Value of U.S. Dairy Exports in 2011 = $4.8 billion
2. Why is U.S. in a unique position for Dairy Trade?
3. What are the key challenges for U.S. Dairy Trade?
Land O’Lakes global exposure and mindset
13% U.S. Milk estimated for exports in 2011
17% of Land O’Lakes’ Milk estimated for exports in 2011
25%of Land O’Lakes’ Milk projected for exports in 2012