Faribault Farm Business Luncheon

Today the Faribault Chamber of Commerce Agribusiness Committee hosted the annual Farm Business Luncheon at the KC Hall in Faribault. It is always held one week before Thanksgiving. Held in the spirit of Thanksgiving it is also a time to recognize those who have received awards in agriculture. It was so nice to see a great crowd again this year. The chamber agribusiness committee encourages all business people to attend. We always bring in a featured speaker and this year it was commodity adviser and broker Al Kluis.

Klise did talk a little bit about grain markets but also spent a lot of time on the world economy. Like it or not we are in a world economy and we need to pay attention to a lot of factors we never did before. Like the economy in China and India, and the value of the dollar. By the way, even though everything in the corn and bean market is bearish, Kluis thinks multi-year lows are in place. Yes as we move into 2016 he sees higher prices for corn and beans.