Dedicated, consistent communication of your vision will go a long way in motivating employees
John F. Kennedy said, Change is the law of life and those who look only to the past or present are certain to miss the future. Think about that. How does this outlook fit with your feed and grain business? What changes might you need to make to keep your business competitive or on-track for the future? It is an understatement to say that in the past 100 years (even in the last 20!), we have experienced dramatic changes in production, technology, world trade, economics, and government policies. The feed and grain industry has been impacted by all of these.
Prior to ADAA, only two categories of animal feed drugs existed, over-the-counter (OTC) or prescription (Rx) — all animal drugs approved for use were OTC. VFD products, however, sit in the middle between OTC and Rx animal drugs.
Even though a description of the NASS crop production forecast methodology is widely available, there always seems to be some misconceptions about how NASS makes corn and soybean yield forecasts. A brief overview of that methodology is repeated here. While this summary does not do full justice to the very comprehensive forecasting methodology, it is presented to assist in placing the upcoming yield forecasts in the proper perspective.