There’s some comfort in routine right now. For producers, there’s another crop to plant, harvest, and distribute – and it all starts right now.
One thing that’s not routine, though, is making a profit. Challenging markets continue, and that calls for careful planning once again. Regardless of circumstances, here are five basic actions within your control:
Leverage your crop insurance investment
Lower your input costs
Maximize your grain marketing revenue
Use the buddy system
In Episode 29 of In the Driver’s Seat,... Read More
When conditions are tough, it’s natural for lower order thinking and survival instincts to kick in—like the brain of a squirrel in survival mode. Economists call these habits “heuristics”—bad habits that take over and sabotage good decision-making.
Our latest podcast aims to help you understand and resist your “squirrel brain.” Doug Roose, V.P. of Producer Marketing at ADM sat down with Nathan Brabec at the Farm Progress Show to talk about the mental battle farmers face.... Read More
It’s mid-way through the growing season, with harvest around the corner. If you still have some bin bushels to clear out, you face marketing decisions on two crops—old and new.
That’s a lot of risk to manage at one time. While you shouldn’t make pressured decisions, be aware that time may be running out for good marketing before combines roll and grain moves into the market.... Read More