November 5, 2014

Informa Economics Announces New Appointments

Informa Economics has announced a number of appointments that will further expand the company to provide a full spectrum of expertise across the agriculture, food and commodities industries.

Chris Eggerman, formerly senior commodity analyst, has been promoted to company vice-president. Eggerman is now primarily responsible for long-term forecasting/planning and client services as well as directly overseeing the oilseed and feed grain analysis work within Informa Economics’ Crops Group.

Tore Alden has joined Informa Economics’ Crops Group as a senior commodity analyst with primary emphasis on oilseeds, protein meals and vegetable oils analysis. He joins from the Informa Economics Livestock, Meat, Poultry and Dairy Group, where he was a senior consultant with an emphasis on price risk management and strategic business planning.

Bill McCary has been promoted to a company vice-president, overseeing Informa’s US acreage and production work as well as analyzing acreage and yield prospects for regions outside the US. This includes coordinating with Informa Economics’ global affiliate network in maintaining and analyzing the company's acreage and crop production surveys as well as conducting research and analysis that is the framework behind Informa's monthly world crop production projections.

J-D McDonnell has joined Informa Economics as a senior manager in client development. He comes to Informa with vast experience as a proprietary trader and capital raiser in the alternative investment arena and commodity trading space. McDonnell began his career as an equity trader in New York and progressed into futures trading in 2002. He co-founded JWM Securities, a limited broker/dealer for the purpose of raising assets for a multi-advisor fund of funds group based in Princeton, N.J., and also founded The Garnham Group, LLC, a commodity trading advisor and commodity pool operator in Chicago, Ill. Throughout his career, McDonnell has serviced institutional investors, high net-worth individuals and crop producers in alternative investments and price risk management. McDonnell received his bachelor’s degree in economics from Rollins College, Winter Park, Fla.

Matthew Herrington has been appointed as a consultant in Informa Economics’ Project Consulting Group. Based in Informa’s Washington, D.C., office, his work covers a variety of topics including agricultural policy and trade analysis, feasibility studies, econometric modeling, and other market research on a range of markets and commodities. Herrington joins Informa Economics from the CME Group in Chicago where he co-developed new derivatives contracts and conducted extensive research on livestock markets and their futures and options contracts. His professional experience also spans work with risk modeling, price risk management, farm budgeting, marketing arrangements for specialty crops, and wildland firefighting. Herrington has bachelor’s degrees in agricultural business and animal science from Colorado State University and a master’s degree in agricultural economics from Kansas State University.

Johnnie Williams has been appointed as a database administrator, with primary responsibilities including management of the corporate data warehouse (IEData), its data extracts, its environment, platform, upgrades, creation, design and management as well as Information Technology (IT) support for Informa’s analysts and consultants. Prior to joining Informa Economics, Williams was a systems engineer ADE for a consulting firm with the US Department of Defense and was in charge of redesigning, upgrading and rebuilding one the US Navy’s major databases for US Navy Recruiting Command. Williams also has conducted database consulting work with numerous companies in Memphis and Nashville, including Smith & Nephew, Yusen (formally NYK Logistics), Hilton Hotels, 1st Tennessee Bank, Hewlett Packard and IBM. He also was founder and president of the Memphis Area Oracle User Group. He received is associates degree in computer science at State Technical Institute of Memphis.

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August 22, 2014

INFORMA  ANNOUNCES  STAFF  ADDITIONS

 

Informa Economics, Inc. Chief Executive Officer Tom Scott recently announced a number of important staff additions within the company, further enhancing the depth and breadth of its expertise across the agriculture, food and commodities industries.


In early June, Rejeana Gvillo joined the company’s US Crops Group as a commodity production analyst, with responsibilities including work on acreage, yield and production forecasts for the US crops. Prior to joining Informa, she worked as an instructor and a research assistant within the Agribusiness, Food, and Consumer Economics Research Center at Texas A&M University where she taught agricultural product and food marketing and developed demand models that captured long- and short-term advertising effects. Previous to this, she studied at Purdue University where she analyzed domestic fish production and consumption in the Midwest, focusing on marketing and production strategies. Gvillo also interned at the National Agricultural Statistics Service office in Montgomery, Alabama, and at Harvest Select in Uniontown, Alabama. She received her bachelor’s degree from Auburn University, her master’s from Purdue University, and her doctorate from Texas A&M University, all in agricultural economics.


Tore Alden also joined Informa in early June as a senior consultant in the company’s Livestock, Meat, Poultry and Dairy Group, with responsibilities involving Informa client service and consulting, particularly price risk management and strategic business planning in the livestock sector. Prior to joining Informa, he worked as a strategist in the hedge fund industry developing and implementing trading strategies in the grain, oilseed and livestock markets. Alden began his career as an analyst for Smith Barney’s Agricultural Marketing Group; when the group formed International Agribusiness Group (IAG), he directed the firm’s fundamental research efforts covering the grain, oilseed, coffee, frozen concentrated orange juice, oil and natural gas markets. While at IAG, Alden also headed up the firm’s investment banking efforts, which included assignments in debt and equity financing and mergers and acquisitions. Following IAG, Alden was the Director of Business Development for Vreba-Hoff Dairy Development, helping the firm’s clients obtain financing for the acquisition of land and the development of dairy farms. He received his bachelor's degree from Michigan State University in food systems economics and management.

 

Lauren Hughes recently joined Informa Economics’ affiliate company Washington Policy & Analysis, Inc. (WPA) as an international relations specialist. Working out of the WPA office in Georgetown, Virginia, Hughes serves as an energy analyst, contributing to the firm’s consulting and research teams and advising clients on international and domestic activities across a diverse portfolio. Her interests include energy security and development, energy transportation and distribution, the domestic nuclear industry, and the political economy of conflict. Hughes has also worked with The Enough Project at the Center for American Progress and the International Rescue Committee. She received her bachelor’s degree from the University of Virginia, her master’s degree from the School of Oriental and African Studies, University of London, and obtained a post-graduate Certificate in International Conflict Management from the International Peace and Security Institute, in partnership with The Johns Hopkins University Paul H. Nitze School of Advanced International Studies.


Amanda Bittner joined the company in late July as a commodity analyst within Informa Economics’ Crops Group. Prior to joining Informa, Bittner worked as a graduate research assistant in the Agricultural Economics Department at Purdue University where her research focused on cost-benefit analysis of the crop stover-to-aviation biofuel pathway and on analysis of government policy alternatives for encouraging private investment in the production and use of biofuels for aviation. Bittner also interned with the Allentown (Pennsylvania) Economic Development Corporation where she conducted an industry analysis on soft drinks. She received her bachelor’s degree in mathematics and economics from Susquehanna University, Selinsgrove, Penn., and her master’s degree in agricultural economics from Purdue University.

 

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July 2014
SCHERR TO RETIRE AS INFORMA ECONOMICS CEO; SCOTT NAMED AS SUCCESSOR

 

Informa Economics, Inc. today announced that Chairman of the Board and Chief Executive Officer Bruce Scherr will retire effective July 1. Scherr will assume an emeritus role. Informa Economics President and Chief Operating Officer Tom Scott will assume the position of Chief Executive Officer as of July 1.

In his emeritus position, Scherr will continue to work with Informa Economics on a consulting basis with his work concentrating on market and economic analysis and outlook as well as business development and related strategic, tactical and risk management consulting for the Informa Economics, Inc. client base.

Bruce Scherr

Scherr has been with Informa Economics (formerly Sparks Companies, Inc.) since 1987 (for 27 of the company’s 37-year history), serving in several executive capacities including President and CEO. During his tenure, his leadership expanded the firm’s scope from its core grain and livestock production and analysis research base to also include global business consulting, agricultural policy analysis, farmer marketing and price risk management advisory services, and education and training programs. Formerly he was president of Sparks, Jacobs, Scherr, Inc. (SJS), a sister company to Sparks, and president of Agri-Commodities, Inc., an agriculture consulting firm based in Andover, Mass., and later acquired by SJS. Prior to forming Agri-Commodities, Scherr was a divisional vice president at Data Resources, Inc. where he developed and utilized for the public and private sectors the first commercially available econometric model for US agriculture. Currently, he is a member of the Board of Trustees of the North American Electric Reliability Corporation; E. Ritter & Company; Santa Energy Company; and Chairman of the Board of Legumex Walker, Inc. In addition, he was an advisor for Metalmark Capital LLC, a private equity fund, served as a member of the Global Strategy Institute Advisory Council of the Center for Strategic and International Studies, and was an advisor to the President’s Council of Economic Advisers, among others.

“Informa Economics is best described as a combination of great people and great worldwide clients and, under the very capable leadership of Tom Scott, the firm will continue to expand its influence via unmatched information services and consultation,” said Scherr. He added, “I have been honored to lead this organization for many years and I am confident that Tom and the Informa team will build the business ever more so as they help global agriculture and food interests seize the unprecedented opportunities ahead and manage their related risks.”

Scott has been with Informa Economics for 25 years, having held the position of President and Chief Operating Officer (COO) for the last six years. Over the last nearly two years, in particular, Scott has expanded the company’s proprietary and highly successful US model for crop acreage and production survey estimation to now include Canada and Brazil and also survey work with affiliate companies AGRO T.E.C.E.I. (Argentina) and Agriwatch (India). In addition, Scott has worked to enhance the company’s quality of information and data collection through the company’s affiliate relationships with the Australian Crop Forecasters/NZX Agri (Australia), Polyresources International (China), SovEcon (Russia), and Seres International Agribusiness Consulting (Turkey).

Prior to being the company’s President and COO, Scott was head of the company’s Project Consulting Group with specialized work including business strategy, agribusiness economic development, and feasibility and site selection work. He began his career with the company’s Crops Group where he played a major role in the development of the firm’s transportation research and market analyses services. In addition to work in North America, Scott has extensive experience in the agribusiness sectors of Central Europe, Southeast Asia and South America. He also has been intricately involved in many training programs developed and delivered by Informa Economics.

Before joining the company, he had various assignments in management, trading, logistics and merchandising with Continental Grain Company. He received his bachelor’s degree in agricultural economics and business from Cornell University and a master’s degree in business administration from the Amos Tuck School of Business Administration at Dartmouth College where he was an Amos Tuck Scholar.

“I am extremely honored and excited with the opportunity to lead Informa Economics during this period of unprecedented opportunity,” said Scott. “Our deep thanks goes out to Bruce for his strong leadership and the role he played in the growth and development of Informa Economics and we look forward to working with Bruce in his new role. The team at Informa Economics will continue to build on the foundation Bruce helped develop to grow Informa Economics as a premier, world leader in comprehensive agriculture, food industry, agribusiness and transportation research, information, analysis and consulting. Our goal has been and will continue to establish ourselves as an indispensable resource and knowledge base for our clients in their decision-making process. Our economic expertise, analytic skills and client base combine to provide unique insights and strategic and long-term planning for agribusinesses around the world.”

With a core team of research analysts and consulting specialists, Informa Economics serves many of the world’s leading agribusinesses. As a division of Informa plc, Informa Economics is headquartered in Memphis, Tennessee, and has offices in: Washington, D.C. (Informa Economics in McLean, Virginia, and WPA in Georgetown, Virginia.); St. Paul, Minnesota; Winnipeg, Canada; London, England; Brussels, Belgium; and Sao Paulo, Brazil.

Informa Economics also works with sister companies within Informa plc such as Public Ledger, Fertecon, Phillips McDougal, Agrow, Doyle Trading, Lloyd List and F.O. Licht to provide comprehensive food, agribusiness and energy consulting and research services. Informa Economics also maintains affiliate relationships with AGRO T.E.C.E.I. (Argentina), Australian Crop Forecasters/NZX Agri (Australia), Polyresource International (China), Agriwatch (India), SovEcon (Russia), Seres International Agribusiness Consulting (Turkey) and Southeast Asia Commodity Digest (Southeast Asia), with which Informa maintains an affiliate editorial partnership.


 

April 3, 2014
ANIMAL  PROTEIN  SEMINAR  ADDED  TO  OFFERING  AT ANNUAL  OILSEED  &  GRAIN  TRADE  SUMMIT

A new full-day Animal Protein Seminar will be offered for the first time this year at the 9th annual Oilseed & Grain Trade Summit, which will be held Oct. 7-9 at the Hyatt Regency in New Orleans, La. This pre-conference seminar is fashioned after Informa Economics’ popular Spring Livestock, Meat, Poultry and Dairy Conference and will provide attendees with an outlook, delivered by industry experts, for the cattle, hog, dairy, poultry, and egg sectors. The seminar will be held Tuesday, Oct. 7 and is open to all registrants of the Oilseed & Grain Trade Summit. Space for the seminar is limited and registration will be on a first-come, first-served basis.

This new animal protein outlook event was born out of a recently established alliance between Informa Economics and HighQuest Partners, the host of the Oilseed & Grain Trade Summit. As a result, the Summit, which annually convenes buyers, sellers, and global players in the oilseed, protein meal, vegetable oils and feed grains sector, will feature richer content and more diverse networking opportunities.

 

Senior commodity analysts from Informa and others will be on hand at the Animal Protein Seminar and Oilseed & Grain Trade Summit to provide their expertise and strategies for addressing the opportunities and challenges facing the livestock, poultry, oilseed, and grain sectors in the coming year. Particular focus will be placed on the impact that shifting global demand and supply-side constraints will have on the livestock-derived product markets in late 2014 and beyond.

“The expectation for substantially increased prices—the biggest jump some of these markets have ever seen—is of particular concern to buyers,” said Informa Economics Senior Vice President Rob Murphy. “Through a historical review, assessment of the driving factors, and guidance provided for strategic plans, attendees at this seminar will gain the knowledge required to effectively navigate this high-price environment.”

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March 27, 2014
THE RUSSIA-UKRAINE CRISIS: OUTLOOK FOR AGRICULTURE, TRADE, TRANSPORTATION

As tensions between Russia and the US and EU over Ukraine continue, how should your organization plan ahead to best position itself with respect to crops, trade and transportation? Informa Economics and its Moscow-based affiliate partner Sovecon will provide you with insight and guidance through one of the most volatile times in recent years. On Apr. 3 at 11 a.m. EDT (10 a.m. CDT), Informa Economics and Sovecon will cohost a webinar that will provide invaluable information during this time of significant price volatility.

The webinar will provide: a look at the Russia/Ukraine political tensions; a recap of winter kill to the Russian wheat crops; an update on the Russia and Ukraine planting season; an outlook of crop conditions and production prospects for Russia and Ukraine; perspectives on the impact of the crisis on the US and world grain markets, the implication for exports, and the impacts on the transportation sectors.

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March 25, 2014
US INLAND TANK BARGE FLEET EXPANDS TO RECORD HIGH

The US inland barge fleet shrank 0.3 percent during 2013. Though the dry fleet contracted 1.6 percent, the liquid tank fleet expanded 6.7 percent. There were 694 new barges added to the overall fleet as of the end of 2013 while 801 barges were retired, according to Informa Economics' just-released Barge Fleet Profile. Among the different barge types, the number of covered barges declined, open barges declined, and the number of tank barges increased to record highs.

"This information remains vital given the enormous requirements being placed on the industry and the inland waterway infrastructure," said Informa Economics President and Chief Operating Officer Tom Scott about the report. He added that "Informa appreciates the value of the industry's contribution to the report's development," which is compiled through an annual survey of operators and information from the Army Corps of Engineers.

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March 5, 2014
INFORMA ECONOMICS’ AG EVENTS TO BE INTEGRATED INTO ANNUAL OILSEED & GRAIN TRADE SUMMIT

Informa Economics, Inc. Chairman of the Board and Chief Executive Officer Bruce Scherr and Informa Economics President and Chief Operating Officer Tom Scott today announced that the company’s agricultural events – the Annual Fall Outlook Conference and the annual Livestock, Meat, Poultry and Dairy Conference (Spring Livestock Conference) – now will be integrated into the annual Oilseed & Grain Trade Summit, hosted by HighQuest Partners.

The Oilseed & Grain Trade Summit will take place October 7-9, 2014, at the Hyatt Regency in New Orleans, La. The Summit, now in its ninth year, is the largest annual industry event that convenes buyers, sellers, and global leaders in the oilseed and feed grains sector. Delegates will have the opportunity to share the latest information on the oilseed and feed grains markets and network with their peers and with existing and potential new clients in order to broaden their competitive edge. Attendees hail from around the world – the 2013 event in Minneapolis, Minn., included over 75 exhibitors and hosted nearly 650 attendees from 30 U.S. states and 25 countries.

"Rolling our events into the Oilseed & Grain Trade Summit will provide our clients with more value by offering greater opportunities to network with international clients, build relationships and conduct business,” said Scherr. “This is an important step in increasing the scope and geographic coverage of Informa’s services to its clients, who stand to gain all the knowledge they would have at our event, plus much more at the Summit in New Orleans.”

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January 14, 2014
INFORMA ANNOUNCES STAFF ADDITIONS, PROMOTIONS

Informa Economics, Inc. Chairman of the Board and Chief Executive Officer Bruce Scherr and Informa Economics President and Chief Operating Officer Tom Scott recently announced several staff additions and promotions within the company.

In early January, Eric Jessup joined the company’s Transportation, Industrials and Energy Team as a vice president, coordinating transportation and infrastructure consulting, research and analysis for the barge, rail, truck and ocean modes, and highway, bridge network and navigation developments across multiple commodities...more

Andrew Krog also recently joined Informa as a consultant in Informa’s Project Consulting Group, with responsibilities for economic and market analysis and management consulting...more

Wes Petkau will join the company in late January as a senior grains and oilseeds analyst in Informa Economics’ Winnipeg office...more

Joe Somers was promoted to vice president. Somers is part of Informa's Project Consulting Group and is responsible for economic analyses and agricultural policy consultancy work in Informa's Washington, D.C., office...more

Callie McAdams was named a senior consultant within Informa Economics' Project Consulting Group and is based at the company’s Washington, D.C., office...more

Nathan Payton was named senior analyst of feed ingredients and dairy. Based out of Informa’s Eagan, Minnesota, office, he performs research and analysis for the company's dairy and feed ingredient publications.

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September 17, 2013
TENTH ANNUAL WATERWAYS SYMPOSIUM: PATH, OPPORTUNITIES OF WATER RESOURCES DEVELOPMENT ACT

Informa Economics, Inc., joins up with the Waterways Council, Inc., and The Waterways Journal to present this year’s tenth annual Waterways Symposium, Oct. 1-3 at the Peabody Memphis. Themed “WRRDA to the Wise: Waterways = Opportunity,” speakers from industry, government and associations will examine the opportunities an efficient, modern waterways system can provide in presenting an informative, timely event that will address the passage of the Water Resources Development Act in the Senate and the path ahead in the House.

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August 21, 2013
INFORMA FALL OUTLOOK CONFERENCE TO PROVIDE WIDE-RANGING WORLD PERSPECTIVE OF AGRICULTURE

The world is transforming in terms of scope, scale and speed of change. This evolution is resulting in a more interconnected world, requiring businesses and related organizations in the agricultural and food industries to demand primary sourced, accurate and reliable information from all corners of the globe. Informa Economics understands the value of this need and has developed its own network of satellite offices and affiliate partner offices and partnerships and is bringing them together along with an extraordinary group of authorities to Memphis to provide wide-ranging world perspectives of agriculture. The unparalleled breadth of global expertise at this single event will highlight Informa Economics' 28th Annual Fall Outlook Conference to be held November 7-8 at the Hilton Hotel in Memphis, Tennessee.

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July 26, 2013
INFORMA, AGRIWATCH INAUGURAL SURVEY FOR INDIA POINTS TO RECORD CROP PLANTINGS

Informa Economics, Inc. and Agriwatch (Informa’s affiliate in India) have just released their first-ever survey of India’s crop production potential. The highlight of this inaugural report is that the survey pointed to record crop plantings, leading to record Indian production forecasts for rice, soybeans, cotton and sugar in the 2013/14 crop marketing year.

The survey covered planting intentions for rice, soybeans, groundnuts, cotton, sugar and pulses. The Informa and Agriwatch survey encompasses 12 states that account for 80 to 98 percent of India’s production for these crops.

India’s record crops are due to increased plantings of India’s Kharif (monsoon-season) crops given the monsoon’s early arrival and its continued good performance so far this season.

India’s Kharif plantings are not complete and Informa and Agriwatch will conduct another survey of crop area in August.

The India report is available on an annual subscription basis. To learn more about Informa Economics’ global affiliates program and the survey-based crop production reports and analysis contact Informa Economics Senior Vice President and Director of Sales and Marketing Jim Allwood at (901)766-4655 or e-mail jim.allwood@informaecon.com.

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May 16, 2013
INFORMA ECONOMICS GROUP ANNOUNCES GLOBAL EXPANSION

Informa Economics Chairman of the Board and Chief Executive Officer Bruce Scherr and Informa Economics President and Chief Operating Officer Tom Scott recently announced a new global business expansion program designed to increase the value and geographic coverage of the company’s services to clients.

Informa Economics (formerly known as Sparks Companies, Inc.) www.informaecon.com was founded in 1977 and, in 2003, was acquired by Informa plc ("Informa"). Informa Economics is a world leader in broad-based domestic and international agricultural and commodity/product market research, analysis, evaluation and consulting providing services to hundreds of firms, institutions and trade organizations worldwide.

Informa Economics, Inc., with headquarters in Memphis, Tennessee, and offices in Washington, D.C., and Minneapolis/St. Paul, serves as the operational core of the Group’s global operations. Offices outside the United States include Informa Economics Canada in Winnipeg, Informa Economics FNP in Sao Paulo, Brazil, and Informa Economics CEAS in Brussels, Belgium, and London, United Kingdom. A new piece of the company’s global expansion plan is a growing network of global affiliates that provide expertise and knowledge regarding markets, industries, and policies in their local areas. The staffs in all of Informa Economics’ offices work with and support each other on a daily basis in the collection of data, analysis of markets and policies, and execution of management consulting projects.

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April 8, 2013
INFORMA ECONOMICS ANNOUNCES STAFF ADDITIONS

Informa Economics, Inc. Chairman of the Board and Chief Executive Officer Bruce Scherr and Informa Economics President and Chief Operating Officer Tom Scott recently announced three additions to the company’s staff.

In early March, Nick Hoyt joined Informa Economics as a vice president, with his primary responsibility being client service and business consulting, particularly price risk management and strategic business planning in grains, oilseeds, other crop and food ingredient areas. He came to Informa’s Memphis, Tenn., office from Bunge North America where he spent five years in risk management and commodity trading. His most recent work at Bunge included leading the company’s North American division in transitioning from a cost-based crush model to a mark-to-market approach for both soybeans and canola. Prior to this role, Hoyt managed the margin risk for the Canadian processing business, utilizing futures, options and currency strategies to mitigate the various flat- and cash-price exposures. While a junior trader at Bunge in New York, Hoyt worked on the oilseed product line desk, trading futures and cash positions across a number of geographies. He also traveled throughout North America and parts of Europe, gaining knowledge on ocean freight and transportation logistics. Before joining Bunge in 2008, Hoyt worked for Paradigm Trading as a floor clerk on the Chicago Mercantile Exchange where he traded Eurodollar futures, particularly incorporating arbitrage opportunities across different contract months over the forward curve. He also was an assistant with 2010 Futures LLC, a Commodity Trading Advisor that traded a momentum algorithm with the goal to enter long or short positions when the markets were overbought or oversold. He received his bachelor’s degree from the University of Chicago with an emphasis in public policy and economics.

In early April, Rob Hatchett joined Informa as a commodity analyst in Memphis and Mike McConnell joined Informa as a senior consultant in the company’s Washington, D.C., office. Hatchett is a commodity analyst within Informa Economics' Crops Group with primary emphasis on wheat and rice. Prior to joining Informa, he worked as a senior market risk analyst with the Gavilon Group, LLC., where he supported the company’s speculative agricultural trading and the physical grain and natural gas businesses. He served as graduate research assistant at Oklahoma State University where his graduate work focused on comparing the accuracies of different forecasts of cash basis levels for wheat and other grains, with his research published in the Journal of Agricultural and Resource Economics. Hatchett received his bachelor's degree from the University of Arkansas in agribusiness and his master's degree from Oklahoma State University in agricultural economics.

McConnell is a senior consultant within Informa’s Project Consulting Group, based out of Informa’s Washington, D.C., office, where he works with numerous clients, focusing on the economic effects of trade and agricultural policies on US agriculture and its stakeholders. McConnell also performs market research and analysis on a wide range of markets and commodities. Prior to joining Informa, McConnell worked at the US International Trade Commission (USITC) where he was the agency’s grain analyst. Before his work at USITC, McConnell was an agricultural economist at USDA’s Economic Research Service where he was an analyst for a number of commodities in the market outlook program, including livestock (specifically beef) and sugar. McConnell received his master’s and bachelor’s degrees in economics from Lehigh University in Bethlehem, Penn.


March 12, 2013
US INLAND TANK BARGE FLEET EXPANDS TO RECORD HIGH

The US inland barge fleet shrank 0.5 percent during 2012. Though the dry fleet contracted 1.1 percent, the liquid tank fleet expanded 3.4 percent. There were 950 new barges added to the overall fleet as of the end of 2012 while 1,061 barges were retired, according to Informa Economics' just-released Barge Fleet Profile. Among the different barge types, the number of covered barges declined, open barges continued to expand, and the number of tank barges increased to record highs.

"This information remains vital given the enormous requirements being placed on the industry and the inland waterway infrastructure," said Informa Economics President and Chief Operating Officer Tom Scott about the report. He added that "Informa appreciates the value of the industry's contribution to the report's development," which is compiled through an annual survey of operators and information from the Army Corps of Engineers.

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