In the protein business, feed ingredients are over 50% of our cost. No two years in farming are alike or free of drama. Much can change between now and the harvest, The key is bringing order to chaos and having a long-term strategy.
Author Dan Emery, a third-party administrator consulting on staffing, safety, and compliance, says its a challenging time to staff a company right now.
No two years in farming are alike or free of drama.
This year there is a dramatic reduction in supply, a drought in parts of the corn belt and the significant increase in oil prices.
Any plans for 2020 were shredded as the novel coronavirus spread, and today the animal protein industry is still finding its way through the mess of a COVID-19 pandemic that hasn’t yet ended.
Because of COVID-19, 2020 is the ultimate anomaly. Millions of Americans are working from home or sequestered at home. The marketplace disruption caused by COVID-19 spells uncertainty for the year’s most anticipated food and beverage trends.
Feed ingredients are the No. 1 cost component of the protein business, followed by labor and energy. Oil prices are historically linked to feed-ingredient crops.
As consumer demand branches off in every direction imaginable, meat and poultry processors are forced to traverse numerous trails and form new alliances, hoping to find success and avoid dead ends.
The meat and poultry industry faces challenges from every angle, in every form, as it heads toward 2020 with a mix of positivity and uncertainty on its mind.