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.
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.
From large corporations to small, independent businesses, it is hard to find a modern business that does not have a pledge to become more environmentally sustainable. Businesses concentrating on sustainability are typically lavished with praise while those perceived to not be doing their part may be met with harsh criticism.
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.
No two years in farming are alike or free of drama; however, this may be one of the craziest years we've seen in a long time because of all the variables in play.
The 2018 growing season was delayed by 10 to 14 days by an extended winter and wet planting season. But a warm May and lots of moisture combined with near-perfect June weather leading up to July 4 in most growing regions may increase growth and yield.