Top Tweets for #F4P19
The annual Farm4Profit Conference, dedicated to helping farmers reduce risk, maximize yield and increase profitability, featured valuable insights from industry representatives and nationally-recognized speakers. We compiled some key takeaways from the event. #F4P19
Colby: Build a tech plan for your farm; 1 yr., 2 yr, 3 yr. etc. Investments in tech must help you make real-time decisions and be built into your business plan. Calculate results and ROI. Don’t be afraid to fail @TheChadColby @IowaSoybeans #F4P19
Colby: Will technology like autonomous equipment be for everyone. No. But I’m telling you that it’s here right now. Regarding drones: there are more licensed remote drone operators than licensed pilots @TheChadColby @IowaSoybeans #F4P19
Chad Colby: You may push the limit but sometimes you have to try. It’s OK to try and fail. You have to know where the potential is on your farm and where it’s moving if you're going to be successful @TheChadColby @IowaSoybeans #F4P19
Scott Steffes: Strong demand in the cattle and beef market; cattle market very alive and well right now; US hog inventory continues to grow; no shortages of inventory; we need to eat more bacon @SteffesGroup @IowaSoybeans #F4P19
Winterhof: Know the power of communications. Poor communications is costly. Share concerns, ask questions to eliminate guesses. Know your banker’s needs; provide accurate information; leverage networks; eliminate the guessing game @VisionBankIowa @IowaSoybeans #F4P19
Gaining insight to make better agronomic and marketing decisions as well as planning for future profitability in farming #F4P19
#F4P19 Know your BREAKEVEN.
How to get more working capital? Liquidate (if you haven't used something in two years, considering selling it, renting it or scrapping it). Invest in productive assets. Reduce expenses and increase margins. @VisionBankIowa @IowaSoybeans #F4P19
“You cant make more time, but you can delegate, automate, employ nature to eliminate the need to do a task” @jasonmauck1 #F4P19
Need to move 21.5M bu of soybeans weekly; we’re well above that this marketing year. Would it help if China bought more? Yes, but we're selling soybeans. Ironic that when China really needs something, they have no trouble importing it. Mussman @AgWest @IowaSoybeans #F4P19
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