Think locally, nationally, and globally

Jul 22, 2022

FCC article describes how global markets affect Canadian farmers.

By Andrew Joseph, Farms.com; Image via FCC

There is an adage people throw around and hope people get: think locally, act globally.

It’s simple enough… what we do locally has the “butterfly effect” on the whole planet, so make sure whatever we do on our farm is in the best interests of the planet.

But it’s a bit more complex than that, especially for farmers who not only have to think locally, but provincially, nationally, and internationally.

That’s the only way to increase the chance of having a successful season.

According to an article written by Farm Credit Canada (FCC), with input from Kyle Burak, an FCC Senior Economist, farmers need to be aware of how supply and demand should drive their production and marketing decisions.

Anyone can have the best yield of a crop ever, but who cares if there’s no demand for it?

The key is to read the market and where it is going.

Read the FCC article HERE.

Video: Season 7, Episode 1: Managing Risk and Seeing Opportunities in U.S. Pork Production

Today’s episode features three guests discussing the similarities and differences between pork production in the United States and Brazil, along with strategies for managing risk in today’s industry while recognizing and acting on opportunities. First, Dr. Anne Caroline de Lara, executive manager of live pig production at Seara Alimentos, a JBS company in Brazil, is joined by Dr. Matthew Turner, head of operations for JBS Live Pork. Together, they discuss how labor, climate and ventilation challenges vary between Brazil and the United States, while underscoring their shared commitment to raising healthy pigs. They also point to lessons producers in both countries can take from one another’s systems and on-farm experiences. Then, Brady Reicks, risk manager at Reicks View Farms, shares his perspective on risk management, drawing from his background in markets and his transition into farming. He discusses how protecting margins varies by operation and offers practical approaches producers can use to make marketing and business decisions with greater confidence rather than hesitation.

Both conversations were recorded at recent industry events focused on swine livability, including the International Conference on Pig Livability and Iowa Swine Day.