Global Insight, Inc., the world's leading company for economic and financial analysis and forecasting, today announced it has appointed John Kruse, a senior agriculture Ph.D. economist and biofuels expert, as Managing Director of its Agriculture Group. Kruse's diverse academic and industry background will greatly enhance the group's agriculture policy, food processing, and transportation forecasts and analysis.
He will be responsible for managing a team of agriculture economists that provides commodity market and regulatory insight to agri-business, government agencies, trade associations, executives and researchers. Global Insight's Agriculture Group identifies emerging economic and political forces shaping global agriculture, including trends in biofuels, crops, livestock, farm income, and trade policies. "The demand for biofuels may be the most significant development in agriculture since the development of hybrid corn in the 1930s," Kruse said, noting the U.S. biofuels industry will generate nearly $15 billion in gross sales in 2007, not counting byproducts.
"The rapid growth of the ethanol industry has dramatically increased commodity crop prices, with corn jumping from a long-time average of $2.25 per bushel to more than $3.25, and with highs in excess of $4.00," Kruse said.
Kruse joins Global Insight from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri-Columbia, where he was co-program director for biofuels and transportation research. In this position, he was responsible for biofuels and grain transportation analysis, the U.S. crop sector outlook, and development of global crop models. Prior to joining FAPRI in 1998, Kruse was global market information manager at Pioneer Hi-Bred International, leading a staff of economists monitoring industry trends.
Kruse holds a Ph.D. in Agriculture Economics from the University of Missouri-Columbia, where he developed an econometric model of the international oilseed sector for his dissertation research. He is a native of Missouri and grew up on a diversified livestock and crop farm.