Weather Patterns and Impact on Revenue

Nutrien Ag Solutions

Guest:

• John Maman of Nutrien Financial. John is focused on helping growers make proactive adjustments to their crop and financial plans in response to external variables that affect profitability.
• Nutrien's Principal Atmospheric Scientist, Eric Snodgrass, is also available to talk about weather impacts since typically that's one area that plays a critical role in determining the success of every crop.

• Who is Nutrieng Ag Solutions?
• History, Mission, Vision
• Provides customers with complete agriculture solutions including nutrients, crop protection products, seed, service, and digital tools

How many producers have marketing plans? Let alone, how many have financial plans?

• What factors should farmers be aware of when reviewing their financial plans?
• market trends, including supply and demand factors, government policies, and global economic conditions
• What are some tips to protect one from weather impacts and market fluctuations?
• Manage your cash flow effectively
• Does Nutrien offer any price forecasting?
• Have a contingency plan
• What strategies do you suggest or have seen executed?
• Manage your capital and have a sound financial plan in place
• Having capital on hand (cash or credit) gives you options
• Who should producers be working with to aid in the decision making process?
• Diversify
• Yeah, we know, but how?
• Will we start to see the economy fluctuate toward the downside of the commodity cycle?
• John - starting to see more stability
• Weather impacts
• What explains the weather patterns we’ve recently had across the midwest? Where will you see the most impact from this?
• When do you think we’ll move into the El Nino phase?
• Tell us about your thoughts about the weather shifting from La Nina to El Nino
• How will El Niño influence the prevalence and distribution of pests and diseases
• It’s early now, but what are long range forecasts predicting for fall harvest weather or for length of growing season?
• Are we seeing weather become more violent?
• Where are you going to see weather play an impact on the economy?
• What challenges do those producers face ahead?
• What did we miss?
• Summary and Challenge
• If you could go back and talk to yourself at age 18, what would you go back and say?

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