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Farm4Profit Podcast

Weather Patterns and Impact on Revenue

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Monday 26th June 2023

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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