Retail Business
The cause of the changes is being attributed to three years of more frequent, more costly floods, tornados, and severe weather events.
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Here are the 3 misconceptions that stand in the way of unlocking the path to value.
Leading ag retailers empower teams, enhance experiences, and exceed expectations with digital enablement solutions
Farmers finding dead corn plants in their fields are texting pictures to Ken Ferrie, asking for help. Some of the culprits he’s found include wireworm, the carbon penalty, rootless corn syndrome and herbicide carryover.
Michael Swanson says we’ve likely seen the peak for food inflation last summer. What drove the 14% food inflation since the COVID pandemic has been four factors: transportation, labor, shipping and packaging.
“Together with our GROW Solutions Center, our technical agronomy expertise and direct ship opportunities, Landus can serve farmers across the greater Midwest,” said Matt Carstens, president and CEO of Landus.
The change will not impact how farmers work with their current seed salesman in 2023, a Bayer spokesman tells Farm Journal. However, a different go-to-market approach is in the works.
The Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. In an overt shift, the central bank no longer says it “anticipates” further rates will be needed.
Ag retail’s footprint in seed sales has grown over the past four years.
Begin using this tool every six months, and watch your team gain alignment and focus.
As an exercise, Brad Oelmann suggests ag retailers go over their product and service offerings, and ask customers how did they feel about each product or service. Then, ask if and how a purchase brought them value.
Via a February email survey, The Scoop conducted its annual salary study, which asks for insights related to compensation for two key ag retail roles: sales agronomists and machine operators/applicators.
Agribusiness business insurance programs are experiencing rate increases of 25% to 75% (and even more in certain geographies such as the Dakotas.
While fertilizer prices are off March lows, they are still from 45% to 60% lower than this time last year, depending on the nutrient or product.
Lower grocery prices highlighted the March Consumer Price Index, but the annual food inflation rate remains well above the all-items index.
Farmers are facing a headwind other than the weather heading into the spring planting sesaon. Credit is tightening as farmers finalize or renew operating notes or loans for capital purchases.
“The thrill of the hunt maybe is the word I’ll use, but it’s a process and I love it from start to finish,” says George Madison.
EPA on Friday said it was approving California’s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution.
USDA’s 2023 Prospective Plantings report released March 31 shows farmers intend to plant significantly more corn acres in 2023. At nearly 92 million acres, that’s a jump of 3.42 million acres from last year.
“Over the next five years, ag retailers will need to get a handle on changing customer needs, lower expected industry working capital, and rising property casualty insurance costs,” Ken Zuckerberg writes.
The Fed hiked rates 25bps at last week’s FMOC meeting and indicated it will stay the course. So why are forward yields (1 year through 30 year still lower, suggesting Fed easing?)
Green Creek Drone Company will be led by Tony Weber as general manager and will also be working closely with The Equity’s Agronomy Department providing custom application of fungicides in select areas in 2023.
Oil prices are also off their highs of last year and gas and diesel prices are also sliding at the pump, but will that trend continue ahead of planting? Energy experts are hoping the answer is yes.
The company, known for its extensive work in soybeans, formally moves into the corn marketplace with its introduction of Maverick herbicide, now available for use this season.
Tweaking three financial assumptions challenges most ag retailers to realize their income statements can go from showing a profit to only breaking even.
Realize 6, 7 or even 8 figures of savings without reducing your most valuable resource—your people.
Numerous measures were announced over the weekend in response to SVB which now appear to reduce the risk of financial contagion.
K&R conversations with more than 15,000 prospective candidates in 2022 validate how top leaders continue to look at career opportunities from a different lens.
Incorporate good ideas into your company’s DNA today. Work to do that before the stress of the coming cycle downturn paralyzes you from investing for the future.