Nutrien Ag Solutions
Guest:
- John Maman of Nutrien Financial. John is focused on helping growers make proactive adjustments to their crop and financial plans in response to external variables that affect profitability.
- Nutrien's Principal Atmospheric Scientist, Eric Snodgrass, is also available to talk about weather impacts since typically that's one area that plays a critical role in determining the success of every crop.
- Who is Nutrieng Ag Solutions?
- History, Mission, Vision
- Provides customers with complete agriculture solutions including nutrients, crop protection products, seed, service, and digital tools
How many producers have marketing plans? Let alone, how many have financial plans?
- What factors should farmers be aware of when reviewing their financial plans?
- market trends, including supply and demand factors, government policies, and global economic conditions
- What are some tips to protect one from weather impacts and market fluctuations?
- Manage your cash flow effectively
- Does Nutrien offer any price forecasting?
- Have a contingency plan
- What strategies do you suggest or have seen executed?
- Manage your capital and have a sound financial plan in place
- Having capital on hand (cash or credit) gives you options
- Who should producers be working with to aid in the decision making process?
- Diversify
- Yeah, we know, but how?
- Will we start to see the economy fluctuate toward the downside of the commodity cycle?
- John - starting to see more stability
- Weather impacts
- What explains the weather patterns we’ve recently had across the midwest? Where will you see the most impact from this?
- When do you think we’ll move into the El Nino phase?
- Tell us about your thoughts about the weather shifting from La Nina to El Nino
- How will El Niño influence the prevalence and distribution of pests and diseases
- It’s early now, but what are long range forecasts predicting for fall harvest weather or for length of growing season?
- Are we seeing weather become more violent?
- Where are you going to see weather play an impact on the economy?
- What challenges do those producers face ahead?
- What did we miss?
- Summary and Challenge
- If you could go back and talk to yourself at age 18, what would you go back and say?
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