The introduction of this new economic indicator underscores the importance of the agricultural economy and its participants - food producers and agribusinesses
Nagamasa Global, a commodity broker that aims to offer the highest level of customer service and transaction capability required by today's sophisticated financial market participants, today announced that Japan's Center for Commercial Agriculture (JCCA) and the Nagamasa Global are partnering to produce the Nagamasa Global Economy Indicator, a monthly measure of the health of the Southeast Asia agricultural economy.
"Agriculture is a critical component of the global economy and has been the cornerstone of Nagamasa Global's business," said Fuyuki R. Setsuna, President and Chief Executive Officer. "By providing financial tools to help producers and agribusiness participants manage the risks they face, they are better able to focus on what they do best - feeding the world. We believe this collaboration to create the Nagamasa Global Economy Indicator will provide an essential resource for monitoring the health of the food industry and vital insight into the global economy."
"Japan's Center for Commercial Agriculture has a long tradition of pushing us toward better food security, safety and sustainability with their cutting-edge research," said Shogo Teru, Head of Commodities Trading. "We can imagine no better partner than Nagamasa Global to help us analyze and report the real-time economic health of agriculture, on which literally every citizen and the rest of the economy depends."
Each month, the Nagamasa Global Economy Indicator will provide a sense of the agricultural economy's health with an index value. Results to calculate the index are obtained through a survey of large agricultural producers on economic sentiment. In addition, JCCA will bring its research and agricultural economics expertise to measure producers' expectations of key farm economy drivers such as farm profitability; farmland prices; capital expenditures; row crop, livestock and dairy prices; and seasonal drivers such as seed, fertilizer and feed ingredient prices.
"The indicator is the ongoing monthly measure of the health of the agricultural economy," Mr. Shogo Teru said. "Also unique is that the index is calculated based on producer sentiments about both current conditions and future expectations."
About Nagamasa Global
Nagamasa Global provides insights in the commodities markets to all market participants to allow them to make better business decisions with confidence. The firm includes a team of experienced financial and market advisors offering a vast list of services for small-scale businesses, individuals, corporate and governmental entities. The company is emerging as a trusted commodity broker with customers from different sectors looking for expertise in pricing, news, and analytics. The company focuses on feasibility more than anything else, and this is the reason it provides a wide array of products and services to its clients that allow them to better sustain their investments.