Because of the fast-depleting stocks of soybean and corn, the recent news of heavy rainfall and flooding in the U.S. hasn’t impacted the price outlook of these crops as much as it should have. This is a challenge for farmers who have acres of unplanted land at hand because of the flood damage. Their revenues may decline because of a lower (than usual) production, estimated lower price of these commodities, and water damage costs.
In the Ag market, there’s one consistent problem that pops up repeatedly: the fluctuation of price unexpectedly against previously invested costs into the commodity. How does a producer insure themselves against dropping prices when there’s no way to lower the cost invested in the commodity months ago?
As an agricultural livestock producer, you’ll know that the market for cattle can be volatile. Ensuring success in this market means implementing a host of measures ranging from catering to niche demands. Ultimately, you should have a strong grasp on live cattle marketing.
Food is a necessity for the ever-growing world population. Countries that heavily focus on the manufacturing and services sectors—like the United States—are cognizant of the importance of reliable and steady food supplies too.