1. 2010 AGRIBUSINESS LEADERS OUTLOOK POLL

2. 2010 AGRIBUSINESS LEADERS OUTLOOK POLL METHODOLOGY 217 surveys sent to one representative at each agribusiness 58 responses No incentive 27% return

3. CropsLivestockCombined Very optimistic15%6%12% Optimistic50%34%45% Neutral28%50%35% Somewhat negative7%5%7% Very negative0%5%2% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL What is your overall outlook for your ag business in 2010 compared to 2009?

4. CropsLivestockCombined Very optimistic3%0%2% Optimistic45%50%35% Neutral42%44%52% Somewhat negative7%0%7% Very negative3%6%4% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL What is your overall outlook for the general agriculture economy in 2010 compared to 2009?

5. CropsLivestockCombined Very optimistic0% Optimistic31%44%35% Neutral38%45%40% Somewhat negative23%11%20% Very negative8%0%5% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL What is your outlook for the overall U.S. economy in 2010 compared to 2009?

6. Corn (86.4 mil in 2009) Soybeans (77.5 mil in 2009) Cotton (9.1 mil in 2009) 10%+ increase0%2%6% 5-10% increase7%18%8% 1-4% increase41% 20% Same as 200931%18%25% 1-4% decrease18% 33% 5-10% decrease3% 8% 10%+ decrease0% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL What do you estimate the change in U.S. planted acres will be next year for the following crops?

7. Under $3/bushel5% $3.00-$3.24/bushel19% $3.25-$3.49/bushel16% $3.50-$3.74/bushel30% $3.75-$3.99/bushel5% $4/bushel and over24% AVERAGE$3.50 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average corn price in 2009 was $3.30 per bushel. What do you estimate the average selling price will be in 2010?

8. Under $8/bushel5% $8.00-$8.50/bushel10% $8.51-$9.00/bushel25% $9.01-$9.50/bushel15% $9.51-$10.00/bushel33% More than $10/bushel12% AVERAGE$9.38 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average soybean price in 2009 was $9.50 per bushel. What do you estimate the average selling price will be in 2010?

9. Under $0.55/pound22% $0.55-$0.60/pound44% $0.61-$0.70/pound13% $0.71-$0.80/pound15% More than $0.80/pound6% AVERAGE$0.62 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average cotton price in 2009 was $0.54 per pound. What do you estimate the average selling price will be in 2010?

10. $3.45-$4.00/bushel5% $4.01-$5.00/bushel28% $5.01-$5.50/bushel36% $5.51-$6.0020% More than $6.00/bushel11% AVERAGE$5.35 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average hard red wheat price in 2009 was $5.20 per bushel. What do you estimate the average selling price will be in 2010?

11. Beef Cow/Calf (31.7 mil in ‘09) Fed Beef Cattle (53.5 mil in ‘09) Dairy Cows (9.3 mil in ‘09) Sows (6 mil in ‘09) Fed Hogs (114 mil in ‘09) 10%+ increase0% 5-10% increase0% 1-4% increase27%20%13%7% Same as 200927%33%8%20%27% 1-4% decrease33% 53%26%40% 5-10% decrease13%7%13%40%13% 10%+ decrease0%7%13%7%13% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL What do you estimate the change in the U.S. herd size will be for the following?

12. $75/cwt8% $85/cwt15% $86/cwt23% $87/cwt15% $88/cwt15% $89/cwt7% $90/cwt15% AVERAGE$86.31 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average price for fed cattle in 2009 was $84 per cwt. What do you estimate the average selling price will be in 2010?

13. $14/lb23% $14.10/lb8% $14.25/lb8% $14.50/lb8% $15/lb46% $16/lb7% AVERAGE$14.68 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average price for milk in 2009 was $12.40 per pound. What do you estimate the average selling price will be in 2010?

14. $48/cwt8% $50/cwt8% $53/cwt15% $55/cwt30% $57/cwt8% $60/cwt8% $65/cwt15% $70/cwt8% AVERAGE$57.00 2010 AGRIBUSINESS LEADERS OUTLOOK POLL The average price for lean hogs in 2009 was $53 per cwt. What do you estimate the average selling price will be in 2010?

15. CropsLivestockCombined Increase70%59%67% Same as 200918%29%21% Decrease13%12% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL How do you estimate your ag business’s revenues next year will compare to 2009 revenues?

16. CropsLivestockCombined Fewer than 1072%94%80% 10-2913%0%8% 30-493%0%2% 50-996%0%4% 100 or more6% AVERAGE281418 2010 AGRIBUSINESS LEADERS OUTLOOK POLL How many new products/services is your ag business going to launch in 2010?

17. CropsLivestockCombined Significantly more8%0%5% More34%39%36% Same50%44%48% Less8%11%9% Significantly less0%6%2% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL How does that compare to last year?

18. Field equipment/accessories9% Soil/plant nutrients5% Crop protection products14% Seed/traits23% Farmstead & grain storage structures/water management5% Ag credit2% Insurance2% Animal health/feed14% Genetics2% Livestock handling equipment/animal ID2% Other22% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL Which of the following is your firm’s major product or service?

19. CropsLivestockCombined More than $5 billion16%0%11% $1 billion to $5 billion22%29%24% $500 million to $1 billion8%6%7% $250 million to $500 million19%6%15% $100 million to $250 million11%29%17% Less than $100 million24%29%26% 2010 AGRIBUSINESS LEADERS OUTLOOK POLL Approximately what were your ag business unit’s sales in 2009?