Complementing Cereal Grains with Pulse Grains to Enhance ...
Cover - GRAINS
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DEAR U.S. GRAIN COUNCIL MEMBERS: While 2020 began like most other years in recent memory, it wasn’t long before we all realized it would be a year like no other. In the face of the COVID-19 pandemic, Council staff used every technical means available to keep world markets for U.S. corn, soghum, barley, distiller’s dried grains with solubles (DDGS) and ethanol open, moving many of our meetings, events and conferences online to promote trade-building relationships. We are happy to report we were successful in championing trade with our world partners. China emerged as an unexpected bright spot for trade in 2020. While the relationship remained complicated, the country purchased impressive amounts of U.S. corn and sorghum – proving demand from the world’s largest country by population was strong despite the challenges, and giving farmers new optimism. The U.S. also exported the highest number of gallons of ethanol to China since March 2018. And, after approval of a phytosanitary protocol, U.S. barley is now exportable to China. There’s been an uptick in barley malt interest by the Chinese as a result of activities organized by the Council to introduce this key ingredient. However, distiller’s dried grains with solubles (DDGS) – once the feed product Chinese livestock couldn’t get enough of – remains impeded by tariffs and duties following both anti-dumping and countervailing duties cases. So, our work there continues. But 2020 was not entirely about China and COVID. Upon closer review, many other high points emerge: U.S. corn satisfying growing demand in countries around the world; a pest risk assessment approval for U.S. sorghum in Vietnam; U.S. barley fulfilling brewing needs in Mexico; DDGS market breakthroughs in Canada and Mexico; and pivots from fuel to industrial ethanol worldwide amid the pandemic. The Council also welcomed good news this year on free trade agreements: the U.S.-Mexico- Canada Agreement officially entered into force in July, and a Phase One deal with Japan kicked off the year on Jan. 1, 2020. Our work at the Council continues. As we head into 2021, we will continue to identify short-term prospects while expanding long-term demand as we Build Relationships to Build Trade for U.S. commodities around the world. Sincerely, Ryan LeGrand President and CEO Jim Raben Chairman Don Duvall At-Large Director Verity Ulibarri At-Large Director BOARD OF DIRECTORS Cover www.grains.org 20 F Street, NW, Suite 900 Washington, D.C. 20001 FULL ANNUAL REPORT NOW AVAILABLE grains.org/annualreport Ryan LeGrand President and CEO Chad Willis Vice Chairman Brent Boydston At-Large Director Duane Aistrope At-Large Director Tadd Nicholson State Checkoff Sector Director Greg Hibner Agribusiness Sector Director Wayne Humphreys Corn Sector Director Darren Armstrong Past Chairman Josh Miller Secretary-Treasurer Jim Raben Chairman Mark Seastrand Barley Sector Director Rick Schwarck Agribusiness-Ethanol and Co-Products Sector Director Jim Massey Sorghum Sector Director 2020 ANNUAL REPORT
Transcript of Cover - GRAINS
DEAR U.S. GRAIN COUNCIL MEMBERS:
While 2020 began like most other years in recent memory, it wasn’t long before we all realized it would be a year like no other.
In the face of the COVID-19 pandemic, Council staff used every technical means available to keep world markets for U.S. corn, soghum, barley, distiller’s dried grains with solubles (DDGS) and ethanol open, moving many of our meetings, events and conferences online to promote trade-building relationships. We are happy to report we were successful in championing trade with our world partners.
China emerged as an unexpected bright spot for trade in 2020. While the relationship remained complicated, the country purchased impressive amounts of U.S. corn and sorghum – proving demand from the world’s largest country by population was strong despite the challenges, and giving farmers new optimism. The U.S. also exported the highest number of gallons of ethanol to China since March 2018. And, after approval of a phytosanitary protocol, U.S. barley is now exportable to China. There’s been an uptick in barley malt interest by the Chinese as a result of activities organized by the Council to introduce this key ingredient. However, distiller’s dried grains with solubles (DDGS) – once the feed product Chinese livestock couldn’t get enough of – remains impeded by tariffs and duties following both anti-dumping and countervailing duties cases. So, our work there continues.
But 2020 was not entirely about China and COVID. Upon closer review, many other high points emerge: U.S. corn satisfying growing demand in countries around the world; a pest risk assessment approval for U.S. sorghum in Vietnam; U.S. barley fulfilling brewing needs in Mexico; DDGS market breakthroughs in Canada and Mexico; and pivots from fuel to industrial ethanol worldwide amid the pandemic. The Council also welcomed good news this year on free trade agreements: the U.S.-Mexico-Canada Agreement officially entered into force in July, and a Phase One deal with Japan kicked off the year on Jan. 1, 2020.
Our work at the Council continues. As we head into 2021, we will continue to identify short-term prospects while expanding long-term demand as we Build Relationships to Build Trade for U.S. commodities around the world.
Sincerely,
Ryan LeGrand President and CEO
Jim RabenChairman
Don DuvallAt-Large Director
Verity UlibarriAt-Large Director
BOARD OF DIRECTORS
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www.grains.org
20
F Street, N
W, S
uite 90
0W
ashington, D.C
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FULL ANNUAL REPORT
NOW AVAILABLE
grains.org/annualreport
Ryan LeGrand President and CEO
Chad WillisVice Chairman
Brent BoydstonAt-Large Director
Duane Aistrope At-Large Director
Tadd NicholsonState Checkoff Sector Director
Greg HibnerAgribusiness Sector
Director
Wayne HumphreysCorn Sector Director
Darren ArmstrongPast Chairman
Josh MillerSecretary-Treasurer
Jim RabenChairman
Mark SeastrandBarley Sector Director
Rick SchwarckAgribusiness-Ethanol and
Co-Products Sector Director
Jim MasseySorghum Sector Director
2020 ANNUAL REPORT
CHECK OUT the full annual report, including program highlights about corn, sorghum, barley, DDGS and ethanol, all at: GRAINS.ORG/ANNUALREPORT
COSTA RICA
COLOMBIA
BRAZIL
CANADA
SPAIN
INDONESIA
ALGERIAMOROCCO
EGYPT
SOUTH AFRICA
KENYA
PAKISTAN
VIETNAM
SINGAPORE
EUROPEAN UNION
TURKEY
Taipei
TAIWAN
Seoul
SOUTH KOREA
Tokyo
JAPAN
Beijing
CHINA
Mexico City
MEXICO
JORDAN
Panama City
PANAMA
Tunis
TUNISIA
Kuala Lumpur
MALAYSIA
Washington, D.C.
UNITED STATES
SAUDI ARABIA
TANZANIA
USGC Representation
USGC Office Locations
Regional O�ce
Global Headquarters
New Delhi
INDIA
In-Country O�ce
In-Country
USGC’S FINANCIAL REPORT FY19 FY20
Agribusiness
Membership Dues – Non-Checkoff $834,000 $854,000
Grant Income – Non-Checkoff 621,781 375,760 Total Agribusiness $1,455,781 $1,229,760
Producer Financial Support Producer Agreements – Checkoff $6,080,483 $6,617,454 Grant Income – Checkoff 4,479,019 4,244,000 Total Producer Financial Support $10,559,502 $10,861,455
Total Member Financial Cash Support $12,015,283 $12,091,215
Other Cash Support Meeting Revenue $387,357 $381,744 Export Exchange 494,752 - Income – USDA Projects NICRA 19,968 - Sublease Income 308,316 298,941 Interest Income 39,204 5,700 Miscellaneous 1,640 1,000 Total Other Cash Support $1,251,237 $687,385
Total Member & Other Revenue $13,266,520 $12,778,600
USDA Foreign Agricultural Service Funds Foreign Market Development (FMD) Program $3,733,831 $2,566,527 Market Access Program (MAP) 9,319,434 6,907,808 Agricultural Trade Promotion (ATP) Program 1,600,825 3,690,184 Total USDA/FAS Cash Funds $14,654,091 $13,164,519
U.S. Department of State U.S. Department of State $437,336 $627,846 Total U.S. Dept of State $437,336 $627,846
Total Cash Financial Support From All Sources $28,357,947 $ 26,570,965
Non-Cash Member Goods And Services Contributions $5,243,217 $4,743,862 Foreign Third Party Goods And Services Cont. 3,850,000 2,503,374 Total Non-Cash Support $9,093,217 $7,247,235
TOTAL $37,451,164 $33,818,200
USGC GLOBAL PRESENCE
FY2020 USGC MEMBER CONTRIBUT IONS
Corn $10,138,824
Sorghum 518,125
Barley 204,506
Agribusiness 1,229,760
Other 687,385
TOTAL $12,778,600
FY2020 USDA RESOURCE ALLOCATION
The U.S. Grain Council’s feed grains in all forms calculation offers a holistic view of feed grain sold to overseas customers in both unprocessed and value-added forms. This calculation includes corn-equivalent exports of U.S. corn,
sorghum, barley, distiller’s dried grains with solubles (DDGS), ethanol, corn gluten meal (CGM), meat and poultry.
HOW U.S. GRAIN WAS EXPORTED IN 2019/2020
Source: USDA Foreign Agricultural Service’s Global Agriculture Trading System report for marketing year Sept. 1, 2019, to Aug. 31, 2020.
13.3%
8.1% 5.1%
1%
12.1%
10.4%DISTILLERS GRAINS10,531,129 metric tons
PORK & PORK PRODUCTS13,481,571 metric tons
POULTRY MEAT & PRODUCTS(EXCLUDES EGGS)
8,226,903 metric tons
ETHANOL (NON-BEV.)
12,209,295 metric tons
BARLEY & BARLEY PRODUCTS493,025
metric tons
COARSE GRAIN PRODUCTS999,589
metric tons
CORN GLUTEN FEED & MEAL1,503,856
metric tons
BEEF & BEEF PRODUCTS
3,569,849 metric tons
SORGHUM5,153,710
metric tons
CORN45,105,224 metric tons
44.5% 0.5%
1.5%
3.5%
TOTAL
101,274,151 metric tons
As a USDA programs participant, the U.S. Grains Council is committed to complying with non-discrimination policies from federal, state and local civil rights laws and those of the USDA. Visit the USDA website page (https://www.usda.gov/non-discrimination-statement) for details.
Corn $10,760,180
Sorghum 1,800,353
Barley 603,985
TOTAL $13,164,519
