Once again we are with Mike, the general manager of our mythical multistation grain cooperative located somewhere in the Western Corn Belt. Today, Mike is discussing the company’s P&L with his accountant and the conversation is not going well. Nevertheless, Mike’s temporary misfortune sheds some much-needed light on how discounts can rob you of profits and productivity, and FEED & GRAIN examines ways to minimize the impact discounts have on your bottom line.
Nashville, TN has a lot to be proud of. "Music City" is the beating heart of country music, home of the Grand Ole Opry and rich in American history and world culture. And after June 16, Nashville can also proudly boast that it hosted the 24th annual International Fuel Ethanol Workshop & Expo (FEW), the largest ethanol conference and expo in the world.
The 2008 FEW will be bigger than ever, with an expected attendance of 6,000 - roughly 700 more than last year, and over 600 exhibitors. Dave...
Making and keeping your commitment to providing high- quality feed products and grain to the marketplace needn’t be a daunting task. Our industry works hard to ensure all links of the grain channel chain are tempered with the resources needed to support grain quality. Join us as we check on how our industry’s associations engage and enlighten its member and stakeholder publics on quality-related issues.
What criteria are important to consider when looking at hiring a new employee? Or,...
In business we must take the good with the bad, and rarely does something truly good come along without a hitch. Ethanol producers found this to be true when they discovered that wet distillers grains (WDG) is not only difficult to handle, but also has a shorter shelf life, resulting in a lower valued product.
Since the ethanol boom began, around the late 1990s, producers have found a market for the co-product. WDG, or wet cake, is more palatable and nutritious for dairy cows and cattle...
We've all heard or uttered this phrase, when departing on a business trip. For Dan Shefland, vice president operations/engineering for McC Inc., it holds a distinctly different meaning. Those were the last words he ever spoke with McC Inc. project manager Dave Kammerer.
"They were sitting on the runway waiting to depart and we had just talked about our missing laptop and we decided to deal with it later when we were all back in the office," says Shefland....
AUTHOR'S NOTE: In our last column we presented Part One of a Grade Card for the feed and grain business. This month we give you Part Two of the Grade Card — additional criteria you can use to evaluate your firm in some key strategic management areas. Our grade card can be thought of as a method to assess where your business is — a subjective measuring tool relative to your own perceptions, and perhaps relative to other firms in your industry.
As a little girl I had a small cloth clown that I carried everywhere. He was soft and familiar and infinitely comforting during the numerous trials of my childhood. But Clownie became grubby and beat up, and lost much of his stuffing despite my mother's secret attempts to patch him for me. I still loved him, but one day I recognized that it was time to keep my old friend in my room and carry something else with me.
Managing merchandising risks this year reminds me of my beloved clown. The...
Ever try driving a car that hasn’t had an oil change, a tire rotation or its fluids checked in a year? Chances are you haven’t, and if you did, you were blinded by the check engine light the whole way to your destination. All those maintenance issues, when not properly tended to, can cause a major breakdown. Handling each tiny maintenance procedure at its scheduled time is simple and will save the driver from a serious headache
Those of us fortunate enough to have grown up on a farm are intimately familiar with “getting the scoop.” From getting the day’s job list from Dad to being advised to add an extra scoop of soy meal or cottonseed to our top producing hosteins, hardly a day went by without using information in the successful operation of our farm.
In a society where nearly everything we touch is consumed and disposed of seemingly in a blink of an eye, its refreshing to hear of someone whose vision includes breathing new life and purpose into a century-old landmark.
Its even more exciting when that vision includes helping ease two of todays most pressing needs: fuel and food.
In an idyllic rural setting outside of Jefferson, WI, not far from Interstate 94 and situated between Madison and Milwaukee, the aptly named Renew Energy, has...
Grades are a method of rating performance — most commonly used in our schools, colleges and universities. As university professors, we both find them helpful in ranking the accomplishments of our students. In this month’s column, we propose a report card for your grain and feed business.
One of the key messages for the day-and-a-half conference, “Animal Welfare: Building Bridges Across the Food Chain,” will advance is the idea that industry-led voluntary approaches are far superior to government-imposed approaches to animal welfare
This market scares me — truly scares me. The last time I sounded a widespread caution like this was early fall 1995 — that should tell you something. Bull markets come and go. Bear markets come and can drag on for years. Explosive markets come far less often but leave their mark for decades.
In Part One, featured in our January issue, Feed & Grain looked back at the 2007 corn crop and its effect on wheat and grain sorghum acreage use and production last year, and the prospects for trade in 2008. In Part Two, we take a similar look at barley, soybeans and cottonseed supplies.