Future Profits Podcast

Trevor and Adam welcome Erin Brenneman with Brenneman Pork. Erin works in a sow farm for Brenneman pork while also being the public relations manager. Erin grew up in suburban Chicago never having been on a farm before marrying her husband and taking on the life of a pig producer. This upbringing has given Erin a unique perspective and helps her relate to those outside of our agriculture community. This gave Erin a passion for informing everyone and telling a story as it pertains to agriculture and how our food is produced. Be sure to follow Erin on Instagram and TikTok @sowmomma.

To learn more about Future Profits Consulting go to future-profits.com.

For additional questions or topic recommendations reach out to us at contact@future-profits.com

Trevor and Adam welcome Stan Nelson of the Iowa Corn Promotion Board and Denny Friest of the Iowa Corn Growers Association. Stan and Denny explained their respective organizations. The conversation also covered current legislative issues, threats, and new opportunities for corn in the future. Be sure to visit iowacorn.org to learn more or become a member.

To learn more about Future Profits Consulting go to future-profits.com and be sure to check out our grain products that are available to help your operation.

For additional questions or topic recommendations reach out to us at contact@future-profits.com

Adam and Trevor run through what has happened in the marketplace since our last market conversation. They talk through some current issues in hogs, corn, and beans, and not panicking with a big market move because of risk management strategies already in place. The podcast finishes talking about having a plan for the rest of the year and building your budgeting plan for 2023.

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Adam and Trevor discuss the changing grain basis environment and how you can use this information to add value to your operation. With basis swings getting wider, they talk through a few risk management opportunities to take advantage of these swings.

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Adam and Trevor give their thoughts on current market conditions after a lot of recent movement. They discuss the importance of having a plan marketing plan with data based decision making. Find the products referenced in the podcast to help organize information on our website through the link below. 

https://future-profits.com/products.php

Whether you have an operation that could benefit from buying or selling manure, Adam and Trevor cover both perspectives. They cover the current commercial fertilizer costs compared to manure along with the benefits and drawbacks of each side. 

Josh Cannington, Vice President of Interest Rate Risk Management at StoneX, joins the podcast. Josh goes over inflation, the state of the economy, and actionable steps to take that can mitigate the effects rising interest rates may have on an operation. 

You can learn more about Josh through the link below:

https://www.stonex.com/Commodities/Financial-Futures/

With uncertainty and volatility on the rise, clarity around decision making is more imperative than ever. Adam and Trevor go over the current state of the markets and how to weigh the Ukrainian conflict with the seasonality of grains. They also discuss the importance of knowing the margins for your operation to fuel good decision making.

The tools mentioned in this podcast can be found at our website below. 

https://future-profits.com/products.php

With soaring input prices along with high and global turmoil, there is a lot to unpack as we start 2022. Adam and Trevor go over developing trends, strong futures prices, and most importantly how to capitalize on the margin that is being presented!

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Retired Hills Bank agricultural lender Tim Smith joins Adam and Trevor to provide insight from a lender's perspective. They go over important information banks want to see along with what sets great operations apart from the average producer. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Adam and Trevor take a look back on the year of 2021. They discuss their main take-aways from the year.  The two go over strategies that were effective throughout the year as well. They also discuss the current marketing landscape and look forward into 2022. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

In Part Two of our ASF Series Adam and Trevor go over the possible impacts the United States could see if African Swine Fever made it to our country. They cover the impacts spanning from livestock and grain prices to how allied industries could be effected. 

Referenced Study: https://www.card.iastate.edu/products/publications/pdf/20wp600.pdf

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

This episode is Part 1 of a two part series on the topic of African Swine Fever (ASF). In Part 1 learn about the gravity of ASF from AMVC veterinarian and African Swine Fever Task Force member Jason Hocker. Adam, Trevor, and Jason discuss the possible effects on the hog industry and how the US is planning to deal with positive cases. Look for Part 2 releasing soon that will dive into how ASF will effect the hog market along with the entire Ag economy. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Adam and Trevor welcome Jared Schmidt to the show. Jared specializes in estate planning with Farm Financial Strategies. The three of them go over different tax proposals that would impact agricultural operations when they are being passed from one generation to the next. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Following our previous conversation about base price discovery, learn about basis and the implications it can have on your operation. Adam and Trevor also spend some time going over spreads and what strategies can be implemented depending on the grain market at the time. They also discuss basis as it relates to base price in hogs. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Learn the different pricing methods used by packers in the pork industry and how it effects risk management. Adam and Trevor also talk about base price in the cattle industry.  

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com. 

Co-hosts Adam Hocker and Trevor Smith outline what you can expect when listening to the Future Profits Podcast. It is our goal to share meaningful information that farmers, ranchers, and other agricultural businesses can benefit from.

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.

Adam and Trevor dive into the importance of risk management in agriculture, tools to implement, and some of the benefits that can come from utilizing risk management. 

To learn more about Future Profits Consulting go to https://future-profits.com/. For additional questions and topic recommendations reach out to us at contact@future-profits.com.