Agriculture is obviously directly related to the sustenance of the current human population here on planet Earth. Without the technologies we’ve developed in farming over the years, we wouldn’t have legumes, fruits, vegetables and other ag products in the high volumes and great tastes that we have today. These organic goods are what’s known as commodities, or simplified units of some of the most basic, simple goods that we can use as investments, to trade for other commodities or to redeem the physical, true-blue, real-deal commodities.
Modern Mobile Apps and Other Tech Helps Interconnect Market
Virtually all modern farmers utilize computer software that calculates how farmers can best handle their current crop situations. Mobile apps, as well as other intangible tech products, also exercise the help of digital computers to improve their overall being and welfare. These programs do things like tailor decisions to help farmers make good decisions based on current market trends as well as cut down excessive numbers of trades of financial instruments like commodities. Agricultural brokers use these programs to help sell goods that are immediately ready to be sold.
Uncertain Future Regarding Trade War Between the United States and China
The ongoing trade war between the two international economic powerhouses has resulted in price and demand decreases for farmers of several crops, including soybeans. The US sold about 60% of its total soybean exports to China in 2018. Markets for soybeans aren’t as favorable as they were last year, having dropped in price by 9% in the past 13 months.
Selling Yields as a Farmer
Agricultural brokers don’t often vibe with small farmers, who purchase goods and services and ultimately link up with one another as co-operatives. These co-ops provide many benefits of brokerage, although they aren’t always possible to create unless farmers have tight-knit relations with other farmers nearby.
We host some of the best agricultural brokers at none other than Compass Ag Solutions in Fort Collins, CO. Visit us at Compass Ag Solutions to see what we are all about.
