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Global population is growing. According to data from the US. Census Bureau, in the next five
years (2014 - 2019), the world is projected to gain more than 381 million people (approximately 26% of
which are forecasted to come from China and India), and by 2028, the world is projected to gain more
than 1 billion people (24% of which are forecasted to come from China and India).
The USDA expects that by 2023/2024 China's soybean imports will have continued to rise and will
reach over 70% of the global soybean imports. The U.S. is a significant soybean supplier with over 40%
of China's soybean imports in most years.
As emerging markets advance and earnings rise, diets are expected to improve by becoming more
diverse and by integrating more protein (from both crops and livestock). Agricultural crops high in
protein include grains (wheat and oats), beans, soybeans, oilseed, lentils and amaranth as well as nut
crops. As diets around the world continue to integrate greater amounts of livestock, there will also be
an increased need for crops that comprise the feed for those animals. According to data provided by
the USDA, approximately two times the amount of processed feeds are required to produce each grain.
consuming animal unit (1,000 metric tons).
The overall trend toward reducing the global "carbon footprint" has led to increased demand for
alternative energy. Key alternative energy commodities include corn, for ethanol, and soybeans, for
biodiesel among other crops that can be used for biofucl. These alternative fuels provide a cleaner
burning alternative to hydrocarbon fuels and can help reduce the nation's dependency on foreign oil.
According to the USDA, while growth moderates, current high levels of U.S. ethanol production are
anticipated to continue over the next ten years, and are projected to account for 35% of total expected
corn use.
U.S. corn: Feed and residual use, ethanol, and exports
Billion bushels
1990
1995
2000
2005
2010
2015
2020
2025
Feed and residual use
Ethanol
Exports
Source: USDA Economic Research Service.
Farmland can be used to produce alternative energy, including geothermal. solar and wind.
Through wind farms and solar panel installations, farmers can receive additional revenues. For example
with wheat farms, a farm operator can lease fields as locations for clean electricity generation. This
dual use of farmland can be mutually beneficial to both the farmer and the environment.
Decreasing supply of arable farmland
Land resources arc finite and arable land with access to ample water sources arc further limited.
Even with technological advances improving productivity, the availability of arable land for agricultural
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Name
Biographical Summary
Geoffrey M. Lewis
Mr. Lewis will serve as our Chief Financial Officer, Measurer
and a director. Mr. Lewis has served as our Treasurer and a
director since our inception in 2009. Mr. Lewis is a Chartered
Accountant (South Africa) and a Certified Public Accountant.
In addition, Mr. Lewis is Partner, Chief Financial Officer,
Chief Operations Risk Officer and Chief Compliance Officer
of Optima Fund Management LLC, a multi-disciplined hedge
fund management firm that is SEC-registered and has assets
under management of S4 billion, which he joined in 1989 and
is responsible for all aspects of accounting, tax, operations and
compliance. From 1986 to 1989, Mr. Lewis was Senior Audit
Manager at Spicer & Oppenheim, a public accounting firm.
From 1981 to 1986. Mr. Lewiswas a Partner at Fisher
Hoffman Stride, among the ten largest auditing firms in South
Africa at the time. He is the most recent President and
current iteasurer of Jewish Family Service of Bergen and
North Hudson, a Trustee of Solomon Schechter Day School of
Bergen County and a former President and Board Member of
the Northern New Jersey/Rockland County Chapter of the
Juvenile Diabetes Research Foundation. Mr. Lewis earned a
Bachelor of Accounting, with distinction, from the University
of Witwatersrand in Johannesburg, South Africa.
Lindsey B. Sichel
Ms. Sichel will serve as our Chief Administrative Officer,
Chief Marketing Officer and Executive Vice President.
Ms. Sichel has served as our Senior Agricultural Analyst since
2012 and has served with us since our inception in 2009. In
addition, she is a Vice President in the Risk Management
Group of Optima Fund Management LLC, a multi-disciplined
hedge fund management firm that is SEC-registered and has
assets under management of S4 billion, which she joined in