Marel Q1 2024 Investor Presentation from May 8, 2024
BSEF 2013 agriculture Aaron Schapper
1. Creating Value Through Irrigation
Black Sea Economic Forum 2013
Aaron Schapper
VP & GM International Irrigation
2. Sustainability – Water Sources
All Water
Freshwater 3%
Ice Caps
Agriculture Uses 66%
of Available Freshwater
Available Freshwater 33%
Industry and Domestic 33% of
Available Freshwater
3. Water: The Limiting Resource
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•
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Source: UN FAO 2011
40% of the increase in global
food production over the last 50
years came from irrigated
farmland.
The area of rainfed agriculture
has been largely unchanged for
the past 50 years. The area of
irrigated farmland has increased
over 100%.
Increasing production intensity is
critical to achieve food production
levels needed to feed a growing
global population.
The ability to control the timing of
water application makes
precision irrigation an important
component to more intensive
agriculture.
4. Irrigation vs. Rainfed
Dry land
Irrigated land
FAO Irrigation and Drainage Paper
#33, “Yield response to water.”
5. Irrigation Market Segments
Drip
Green House
High Value Crops
<30 Hectares
Mechanized
Tree Crops
Vegetables
Sugar Cane
Cereal Grains
Large Open Fields
>30 Hectares
Irregular Plots
Potatoes
Efficiency: 75- 95%
Efficiency: 75 - 95%
6. USA – Irrigation Methods
Hand Move 3%
Hand Move 2%
Traveler 1%
Permanent 3%
Side Roll 3%
Traveler 1%
Permanent 2%
Side Roll 3%
Drip 8%
Drip 4%
Pivot/Linear 35%
Flood 33%
Pivot/Linear
51%
Flood 50%
1998 (20M Ha.)
12% of Cropland
6
2012 (23M Ha.)
15% of Cropland
10. Agricultural Land Values
in Nebraska
$8,000
[$2320]
$7,000
CAGR = 24.7%
$6,000
$ / Acre
$5,000
Irrigated Land - Center
Pivot
$4,000
$3,000
[$958]
Dryland with Irrigation
Potential
$2,000
$1,000
$2009
2010
2011
2012
2013
University of Nebraska – Lincoln Extension, Institute
of Agriculture and Natural Resources, March 20
2013
11. Ag Land Values Nebraska
by Land Grade
$8,000
$2,786
$7,000
$2,151
$/Acre
$6,000
$5,000
$1,668
$1,445
$4,000
$3,000
Irrigated Center Pivot
$1,276
$954
Dryland Irrigation
Potential
$2,000
$1,000
$2009
2012
Low Grade
2009
2012
Ave Grade
2009
2012
High Grade
“Nebraska Farm Real
Estate Market
Highlights”, 2011-2012
Bruce Johnson, University
of Nebraska, Department of
Agricultural
Economics, June
2012, Report No.191
13. Irrigated Area per Span
Span 1—1.0 Ha
Span 2—2.9 Ha
Span 3—4.8 Ha
Span 4—6.7 Ha
Span 5—8.6 Ha
Span 6—10.5 Ha
Span 7—12.4 Ha
Span 8—15.6 Ha
Span 9—17.9 Ha
Span 10—22.3 Ha
Overhang—9.2 Ha
13Source: Valmont