One sector of the ag and food industry is into a tough stretch. Another is on the cusp of revolutionary growth.
By John DePutter – December 6, 2019
From the standpoint of economic
well-being and growth, the agricultural industry currently has two sides: one
encountering a slow down and another in the early stages of a strong and
exciting upswing that has lots of time ahead of it before it peaks.
A young grain producer and I were recently speaking about marketing and he expressed frustration in his quest to do a good job at pricing his crops. While he does an excellent job of producing his crops on the 1,000+ acres he farms, he feels out of his league when he ventures into the world of grain marketing at the CME. I acknowledged his concerns and encouraged him to keep learning as much as he could about marketing, and to practice a degree of patience.
I explained to this producer that achieving a level of comfort and success with marketing often takes years.