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Keeping the Food System Reliable:

A Series of Listening Sessions for Leaders

Session Three | May 28, 2020

How to engage using Zoom

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cause feedback within Zoom. If you choose to use your phone for audio use the following information:

Dial in: 646-876-9923 Meeting ID: 819 3120 3335

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Q&A – The Q&A function can be found in the bottom bar of the Zoom application. Use this function to ask questions to

the host or provide input for the current discussion. We will do our best to get all questions answered during the session,

but will follow up afterwards if time runs out.

If you experience technical difficulties, please contact Cynthia Gismegian at 202-316-3022 or via email at cgismegian@usfraonline.org,

or Annie Kramer at 314-630-8358 or via email at akramer@usfraonline.org.

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U.S. Farmers & Ranchers Alliance, Inc.Antitrust Caution

• Directors represent Eligible Organizations (EOs). At least some EOs are or can be competitors of other EOs in one or another

circumstance. For that reason, all Directors need to be mindful of USFRA’s commitment to antitrust compliance.

• Conversations and agreements regarding the fixing of prices, division of territories or customers, terms or conditions of sale,

volume of production, limitations on market access, forestalling of research and development, boycotts of market participants,

refusals to deal or any other anticompetitive activity will always be off limits at USFRA.

• Keep in mind that anticompetitive agreements or combinations among competitors need not be formal to raise questions under

antitrust laws. A verbal understanding to act illegally may be harder to prove but when proven is no less illegal.

• Promptly report to USFRA’s Chairperson and USFRA’s CEO any information or concerns you have about actual or possible

antitrust activity at USFRA. In addition, when in doubt about a particular situation, also consult your own EO’s counsel.

Chatham House Rules• Participants are free to use and share ideas and information received during the session without attribution – neither the identity

nor the affiliation of the speaker(s) may be revealed.

Welcome

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Chip Bowling

Chairman, USFRA

Past Chair, National Corn Growers Association

Purpose

• Provide updates and analysis of how the food and agricultural value chains are adapting based on COVID-19 disruptions and implications in the near and longer-term

Objective

• Hear about ongoing dynamic efforts to balance and connect supply and demand and what food and ag-based companies are doing to prepare for the next phase of the COVID era.

• Look at how the consumer experience of buying food has shifted and how changing prices are being understood by consumers.

• Identify emerging areas and opportunities for collaboration, moving from reaction to adaptation.

Today’s Theme

• Implications of the COVID Disruption to the Food Supply Chain: Now and over the next 6-12 months

Purpose and Objectives

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Key themes from previous questions

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There is an increased

the need for food

assistance.

Due to the closure of

many businesses,

consumers have

shifted their food

spending to grocery

stores

• Increased the

number of meals they

cook at home

INTERCONNECTED

EFFECTS

ECONOMIC

REPERCUSSIONS

SHIFTING

CONSUMPTION

Economic loss is the

top anticipated

challenge this year

• Near-term losses for

restaurants and

producers of more

perishable

agricultural products

• Longer-term

challenges expected

across the industry

COVID-19 has caused

disruption along the

supply chain,

emphasizing the inter-

connectivity of food

and ag, seen through

• Processing capacity

• Closing of most

restaurants

• Changes in demand

for agricultural

products

NEED FOR

CROSS-SECTOR

COORDINATION

To ease some of the current impacts of

COVID-19 across the food and

agriculture sector, the value of

collaboration is key as we work to

• Meet changing demands

• Build a more resilient future food system.

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Discussion, Polling, and Q&A Questions for our speakers: Please use the Q&A function, found in the bottom bar of the Zoom

application, to submit questions that you would like speakers to comment on. Please indicate if

your question is for a specific speaker. We will do our best to get all questions answered during the

session but will follow up afterwards if time runs out.

Poll Questions: We will be asking several poll questions of all participants to get a pulse on where

this group is at. If you wish to provide additional comments in response to a poll question, please

indicate this in the Q&A box and we will call on you (and get you unmuted).

Today’s panelists

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Abe EshkenaziCEO,Association for Supply Chain Management

John NewtonChief Economist,American Farm Bureau Federation

Matt ColdagelliSenior Vice President,Edelman

Rob DongoskiPartner,Ernst & Young

Panel Discussion

How are food and ag-based companies preparing to handle the transition back to ‘normal’ for the next 6-12

months? Which of these changes could stick and which ones are likely temporary?

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Panel Discussion

How is the consumer experience evolving as the COVID-19 disruption continues? How will changes in

food prices as a result of COVID-19 be perceived by consumers and what is the reality behind them?

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Panel Discussion

Where are there specific opportunities or needs for collaboration or coordination across supply chain and

how can these be facilitated?

Have you seen unexpected alliances or partnerships as a result of this moment in time and what can those tell

us about how COVID is challenging the way things have been done?

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Additional Q&A and DiscussionQuestions for our speakers: Please use the Q&A function, found in the bottom bar of the Zoom

application, to submit questions that you would like speakers to comment on. Please indicate if

your question is for a specific speaker. We will do our best to get all questions answered during the

session but will follow up afterwards if time runs out.

Next steps

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Following this call, we will compile and

share

• Notes from today’s session

• Relevant resources to assist you and your

team as you’re navigating changes due to

the pandemic

All of these resources will also be

shared on our private LinkedIn group.

How you can contribute

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Provide the USFRA network with any COVID-19 resources your organization

has created. These can include:

• Talking points

• FAQs

• Social media content

• Infographics

• Media assets

Our network has already shared some great resources with us, and continues getting more,

including some from our speaker’s at Edelman and Association for Supply Chain Management.

You can share these resources, as well as any additional ideas, by emailing

Jennifer Johnson at jjohnson@usfraonline.org.

Thank you! If you have any follow up questions, please reach out to Jennifer Johnson at

jjohnson@usfraonline.org

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