The Business of Agriculture Podcast

Shay Foulk with Ag View Solutions predicts cost of corn production for 2023 will average $5.35 per bushel. That number is an all time high and it's due to an increase in every crop input from nitrogen to diesel to labor. The story is the same for the other major commodity of soybeans, and presumably for wheat as well. The reason: crop input price inflation. The good news: farms are still predicted...

Farmers love to talk about the weather but in this episode we go deeper and talk about systems, climate, global weather patterns, and the year ahead. My guest is Eric Snodgrass, Senior Science Fellow for Nutrien Ag Solutions. Will we see the sort of devastating dryness we experienced in the west in 2022 make a repeat? Will we have subsoil moisture replenished? And what about the Mississippi river…...

Lasse Jakobsen was born in Denmark, now the Millennial heads up U.S. business development for the company his grandfather created to serve European hog production. Today, Protekta is a joint venture with a Danish organization that produces feed additives, among other things, for pork, poultry, and primarily dairy producers. Lasse discusses the advantages of selling to a consolidating industry, les...

Your smart phone has more technology and capability than NASA's Apollo program had 50 years ago. Think about that, then think about the technology in today's modern farm machinery. Data collection, yield monitoring, analysis down to the square foot…It's amazing to say the least. John Deere business development manager Dan Paschke joins Deere dealer representatives Jeremy Ostrander and Jon Carlo of...

Two weeks ago I posted on social media a photo of an antique tractor next to a modern machine. In my post I referenced the advancements we've made since the antique tractor worked the land — 7 times increase in per acre yield, less natural resource consumption per calorie produced, environmental advancements, etc… Then, as often happens on social media, the detractors began commenting. This post b...

Renewable diesel is the new buzz talk everywhere in Agriculture. Will its take off and reality match the fervor in farm circle discussions? Will the tax credits giving RD lift off remain with us? Will more biofuel fuel the "no food for fuel" debate? Well, yes, that's almost a guarantee! Mac Marshall, VP of Market Intelligence with the United Soybean Board talks all things soybean and renewable die...

Fertilizer markets have been tumultuous for a few years now. Just when you thought things had settled down on fertilizer price and availability, a hurricane hit, a war broke out, and the Mississippi dried up. Nathan Carson is VP of Operations with Chemical Dynamics, a Florida specialty fertilizer company. He shares perspective on Florida Ag and outlook on fertilizer price and availability. Nathan...

The global population is getting older and fertility rates have been plummeting. Unless you follow my commentary, this is probably news to you. Most everyone in Ag is still operating under the misguided assumption that population growth is boundless. It's not. As fertility rates drop like a rock, the population gets older. Fast. Here in the U.S. for instance, our median age has aged by more than a...

Ken Wall left his post as an attorney and moved his two sons back to the Ontario specialty crop farm he was raised on in the 1990s. Since then he's expanded the enterprise, gotten in the seed business, built a food processing facility, and created a niche manufacturing company. He explains the business of asparagus and describes his diversified Agriculture business. Did you know Germans eat about...

There's an industry within the world's most important industry that most folks probably don't think a lot about but it's huge and it's growing: The fats and oils side of Ag. Vegetable oil demand is growing, not just because of human consumption but also as a fuel source with renewable diesel and sustainable aviation fuel demand on the up tick. Then there is the animal fat by-product and its myriad...

You've likely heard the horror stories about unhealthy Agricultural family business succession. Dysfunctional relationships, favoritism, squandered wealth, sibling rivalry — Elaine Froese, the Farm Family Coach, has seen it all. The sad part: it's all preventable. Elaine joins me to discuss strategies to successful business succession. She shares valuable information and tips on how to run a famil...

While most farm operators quest for more acres, the real drive should be for more profitable acres. Which means, less productive acres in some cases would be better off going un-farmed. That's the concept of precision conservation as promoted by Pheasants Forever & Quail Forever. Jacob Taylor a specialist with the wildlife organization joins Tennessee Farmer Jeremy Fowler to explain how they enrol...

Sorghum, Grain Sorghum, Milo…whatever you call it, it's a crop that's likely to expand in acres over the next decade. The reason: water. Specifically, water restrictions — either by regulatory forces or adequate availability — will increase the economic justification for drought tolerant crops like sorghum. John Duff, one of the world's foremost experts on sorghum discusses the crop, the marketpla...

The Trudeau administration recently announced its intention to bring (potentially stifling) environmental regulations to Canada's Ag sector. So far, the rules are just proposals and are still ambiguous and evolving. The Netherlands kicked off what is fast becoming a green agenda in Ag that could leave the farm sector economically wounded or even force Dutch farmers to liquidate. Is this degree of...

A new white paper produced by a team of members of the Association of Equipment Manufacturers outlines 13 trends impacting the future of production Agriculture. In this two-part episode I am joined by an AEM panel to dig into the trends and provide outlook on the rapid changes coming to Ag over the next decade. Who will own the farm land? What will you do to protect your increasing dependence on t...

A new white paper produced by a team of members of the Association of Equipment Manufacturers outlines 13 trends impacting the future of production Agriculture. In this two-part episode I am joined by an AEM panel to dig into the trends and provide outlook on the rapid changes coming to Ag over the next decade. Who will own the farm land? What will you do to protect your increasing dependence on t...

During the Summer of 2022, Dutch farmers began protesting extreme environmental legislation poised to force liquidation of livestock and shut down farms. The purpose of Holland's legislation is allegedly for the good of the environment, but upon further analysis, the laws will simply offshore and worsen environmental damage. Todd Thurman joins me to discuss how rapidly advancing "green" legislatio...

Biologicals are the newest iteration in Ag inputs but they've actually been around for several decades and they still lack consistent results. Consolidation among Ag's biggest players has left just a handful of huge companies — will they all still be here in a decade? If so, who will they acquire? Meanwhile, farms are consolidating too (as they have been for almost a century), how does that change...

Farm land prices are up. A lot! So are interest rates, input prices, and diesel fuel. What does all this mean heading into fall and for 2023? Should you buy acres to expand your Ag enterprise in this environment? How will a doubling of operating loan interest rates impact your bottom line. Jarod Creed of JC Marketing & Ag Financial Services in Iowa joins me to address those issues and questions. B...

50 years we didn't have much in the way of crop insurance. Then came the 80's and the realization it was smarter — and more financially sound— for the government to subsidize crop insurance. Today, more than 90% of American cropland acres are insured. But that's still not enough coverage for the amount of capital deployed in production Ag. Which is why new products and programs are being rolled ou...

The Columbia - Snake River system consists of 465 miles of river that acts as Agricultural infrastructure. The waterways and their 8 dams allow barges to move 10% of America's exported wheat and 40% of the inland Northwest's total wheat production. In short, the river system is vital for food production as well as the economies of Agriculturally dependent communities in three states. So why do env...

There's way more to Montana than just Yellowstone — the park AND the popular television show. Montana agriculture is diverse, productive, and as big as the Big Sky state. The state produces wheat, oats, flax, canola, camelina, lentils, peas, and more. Justin Miller, a fifth generation Montana farmer / rancher joins me to explain his farming operation that produces all those aforementioned crops. H...

Wheat prices are in record territory. Russia is reportedly seizing Ukrainian wheat and re-selling it. Africa and the Middle East might very well be starving soon, given wheat shortages. And the USA planted fewer acres of wheat last year than at any time on record, as farmers switched acreage to more profitable and higher-yielding crops. If wheat is in short supply even with high prices, is now the...

While Ag's detractors often paint Agriculture as an environmental villain, I promote Agriculture as an environmental solution. Renewable energy, carbon sequestration, water filtration, and enviro benefit via land management are all enhanced through Agriculture. In the future we may also be a reservoir for carbon rich bio char and a supplier of alternative products — besides corn and soy — for rene...

Gas price hikes are a daily conversation and the exorbitant price of fuel is literally hyper-fueling inflation. The last time we saw conditions like this was the 1970s which gave rise to a new product — "Gasohol." From there, came the ethanol boom and biodiesel. But diesel from soybeans never really gained traction. And ethanol fueled the "no food for fuel" debates that have arisen with every food...