Nut Tree Pecan Company ESTABLISHED 1968 PUTT WETHERBEE
Nut Tree Pecan Company ESTABLISHED 1968 PUTT WETHERBEE PRESIDENT
Who We Are �Frank Wetherbee Founder, pioneer & pecan grower since 1960 �Tom Stevenson Western grower and Albany grower since 1990’s Father of Southeast hedging �J. W. Christiansen Joined Nut Tree Co-Op in 1982 and grower since 1974 Georgia Pecan Commodity Commission board member �Lamar Jenkins Joined 2011, Nurseryman extraordinaire V. P. Southeastern Growers Association
Frank Wetherbee
Frank & Patty
Tom Stevenson & Pepper
J. W. Christensen
Laverne Glass 43 Years
Hank Price 25 years
What We Do �Custom Cleaning Modern, high capacity plant & warehouses �Auction Marketing �Custom bagging 50, 000 + pounds per hour 50 pound bags �Direct Exporting Buying Multiple market monitoring �Nursery �Hedging �Orchard management
What Nut Tree Can Do For You �Clean & Market Georgia, Florida, Alabama, Mississippi, Texas �Export Multiple service options �Bag USDA inspection/ Full Service �Buy �Exchange information �Provide Nursery Trees �Hedge �Every situation is different. Call Us (229) 432 -2636 x 104
Very Diverse Market Perspective �Growers Over 2, 500 acres of improved, irrigated varieties High input producers circa $ 1, 500 per acre �Industry service providers Cleaners, marketers Best prices for us & growers Nursery �Exporters �Schermer Pecan brand Fund Raising line since 1946 / 1977
Well Block Orchard
Nursery
Cleaning & Drying
Bagging
Exporting
Hedging
Schermer Pecans
Market Outlook 2012 �Large off year crop �Large “Carry In” 180 M pounds ? ? �Later Chinese New Year �Very high prices last two years Volatile markets / Low opening �Gift Packers and Fundraisers challenge Breakeven last two years �Need for smoother sustainable market conditions �Domestic and world challenges / Opportunities Bad economy, unrest, growing world middle class
What’s Happening Now �Lot’s of Chinese interest in good deals Downward Market pressure holding �Expect good demand for large Pecans �Blend competition from Mexico and South Africa �Freezer inventory moving to China �Almond supply is very high but prices good Points to world promotion and increasing middle class �I expect prices to elevate slightly and stabilize at sustainable level for all East west divide continues to develop
Getting The Most Crop Value �Stay informed �Give good information �Be realistic �DON’T PANIC �DON’T SPECULATE �Provide good samples �Larger Lots �Dry Nuts �Uniformity extremely important to in-shell exports
Questions/ Comments
- Slides: 22