The Business of Agriculture Podcast

Agricultural trade events can be a lot of fun, but are they always valuable? And who are they valuable to? Brandon Wipf, South Dakota farmer and co-chair of Commodity Classic 2024, joins Damian Mason and XtremeAg's Kelly Garrett to talk trade events. How do these two business-minded farmers get value from trade events? How can you maximize your ROI from trade events as an attendee or exhibitor? Kelly and Brandon join Ag trade show veteran, Damian Mason, for a frank discussion about traits of a successful trade event.

Sponsored by: Pattern Ag pattern.ag Redox Bio-Nutrients redoxgrows.com Truterra truterraag.com

Blake Matthews returned to the Idaho family farming operation twenty years ago. Upon his return, he began experimenting with a new array of products and practices, including bio-nutrients. First, he used bio-nutrients to help his sugar beets bounce back after applying glyphosate. He moved on to potatoes where he has eliminated fungicide and insecticide applications entirely through the use of a biological cocktail. Blake and Darin Moon of Redox Bio-Nutrients discuss plant stress, soil, and future cropping methods that involve a lot less harsh chemistry.

Sponsored by: Pattern Ag pattern.ag Redox Bio-Nutrients redoxgrows.com Truterra truterraag.com

22 years ago, immediately after graduating from college AND getting married, John Carroll and his new bride flew to Brazil to start farming. John's family, with a farming operation in west central Illinois, had just purchased farm land in a newly developed Ag area of Brazil. Today John and his family are living back in Illinois but he manages the Brazil operation semi-remotely, spending about two and a half months of his year in South America. John talks to Damian about farming in two hemispheres.

Sponsored by:

Pattern Ag pattern.ag

Redox Bio-Nutrients redoxgrows.com

Truterra truterraag.com

In Agriculture we generally have the perception that farmers as price takers are being short-changed as "middle men" make all the margin. While it's popular to talk about "cutting out the middle man," how realistic is it to actually happen? Ryan Moe and Todd Thurman join Damian to discuss who these middle operators are, what they do, and whether or not they can be eliminated. In an era of quickly deploying technology and rapid information availability, those in the middle have to add value or they'll go extinct.

Sponsored by:

Pattern Ag pattern.ag

Redox Bio-Nutrients redoxgrows.com

Truterra truterraag.com

Ag commodity marketing is too complex, largely misunderstood, and the industry is full of products and services you probably don't even need to profitably market your grain. That truth bomb — along with many more — is courtesy of Joe Vaclavik of Standard Grain. Mr. Vaclavik, a former grain trader turned commodity marketing commentator, says there are only three things a farmer needs to be profitable. Conversely, there are nine things almost no farmer EVER needs to use, including options trading, long range weather prognosticators, and exotic grain marketing contracts. Joe keeps it simple. And blunt. If you're thin-skinned, don't tune into this episode. For the rest of you in Ag, enjoy!

Sponsored by:

Pattern Ag pattern.ag

Redox Bio-Nutrients redoxgrows.com

Truterra truterraag.com

Interest rates appear to be stabilizing, wage and food inflation are still worsening, and predictions for America's Ag sector are a bit dour for 2024. What's going on at the macro-economic level and what does it mean for Agriculture? Compeer's Chief Risk Officer, Bill Moore, joins Damian to discuss inflation, land values, debt, the American consumer, savings accounts, interest rate pressure, price increases, and what impact all these things will have on Agriculture in the year ahead. Sponsored by: Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com

Cost of production set a record in 2023 as the most expensive crops ever planted. How things turned out for the P&L statement depended on weather, yield, and how well operators navigated the commodity markets. Prices for land, labor, fuel, machinery, and crop inputs aren't subsiding, nor is the interest rate for borrowed money. All this points to a challenging farm business environment for 2024. Put simply: Crop insurance and adherence to business will matter more in '24. Chris Barron with Ag View Solutions discusses farm finances with Damian. Sponsored by: Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com

Canada is the world's number one exporter of oats — a commodity enjoying an upswing in demand thanks to snack bars and oat milk. Did you know almost every bushel of oats goes straight to human consumption? With horse racing's decline in popularity, human oat consumption is the key to future growth. John Bergen and Riley Anderson, Manitoba farmers, join Damian to discuss oat production, exports, agronomics, and the business of oats. Sponsored by: Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com

Calvin Koeller's Illinois farm operation is about to lose a couple miles worth of farm land to an electrical grid expansion. This new electric line project was defeated a few years ago but, with support from the Inflation Reduction Act — and some Illinois politics — the Grainbelt Express Electric project is back on track. As currently designed, it's going to cause significant disruption for farmers like the Koellers. Calvin is joined by fellow Illinois farmer John Carroll to discuss infrastructure, eminent domain, and green policy winners and losers in and out of Agriculture. Sponsored by: Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com

Currently, pork profitability (or lack thereof) has certain observers comparing the industry to the late '90s when pork was in turmoil. It was that era, in fact, that set the stage for today's (mostly) vertically integrated hog production model using contact grower farmers. Adam Krause, a contract grower, joins Glenn Muller, Executive Director of South Dakota Pork Producers Council in an extensive conversation with Damian about all things pork. The topics: Exports, flavorless pigs, grandma's cooking, African Swine Fever, manure's value, contractual production critics, Proposition 12, Mexican growth, and pig rectums. Tune in!! Pattern Ag pattern.ag AGvisorPRO getagvisorpro.com Truterra truterraag.com