Hosted by UK
consultant Simon Ward, I was given the opportunity to speak along with Simon at
a conference. Simons presentation focused on analyzing data to look for
opportunities in grain marketing. He gave a number of examples where with good
information and analysis, perceived random events can actually be forecast.
Using statistical analysis, it is possible to predict times when you should and
shouldn’t be in the market selling grain.
My talk focused on the environment we are cropping in, which is on the
opposite side of the pole to UK
farming where rainfall is rarely the limiting factor. I highlighted the need to understand and
manage risk as well as knowing and understanding the return you get for every
dollar you spend on inputs within your business. I received many questions, and
the UK
farmers were amazed at how were are able to profitable farm with such low
rainfall.
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