Minding Ag's Business

OMAHA (DTN) -- There's still time to register for the second day of the DTN Ag Summit, which starts at 8:30 a.m. CST. While the first day honed in on farm financials and ag policy, the second day looks into the future with outlooks on equipment, weather and markets.

It starts with a panel discussion that will pull back the curtain on what technology advances farmers can expect to see in the next few years. The unique thing about this panel is the variety of perspectives. John Fulton, a professor and extension specialist for Ohio State University, brings the academic research view, while AGCO Senior Vice President and General Manager Seth Crawford will share the original equipment manufacturer (OEM) perspective. Fifth generation farmer Taylor Nelson will share his insights as a cooperator.

The program continues with Ethan Smith, a family business advisor for Pinion, who will discuss the core virtues of family businesses and how the change from laborer to leader requires different skills and understanding. The goal is to develop an understanding of how your business arrived at where it is today, so you can improve the outlook for tomorrow.

DTN Ag Meteorologist John Baranick has his work cut out for him. El Nino is firmly in control, and that has important implications for crops in South America. But its influence over global weather patterns is expected to wane in 2024. Could La Nina return? Baranick will discuss what we know and don't know, and how that affects the forecasts for temperature and precipitation.

DTN Lead Analyst Todd Hultman will build on Baranick's weather forecast, explaining the implications of drought in Brazil on the markets. He'll dig deep into the supply-and-demand balance sheets, which currently show comfortable supplies of corn and tighter inventories of soybeans.

We'll sit Baranick and Hultman down together for their question-and-answer session, which historically leads to interesting conversations. Come prepared with your questions.

We'd also like to invite you to watch the replay of Tuesday's sessions. The conversation on farmland values was insightful, especially paired with the in-depth discussion of macroeconomics and interest rates. The ag policy presentations puts the machinations of Washington in perspective.

You can register for free and watch replays here: https://dtn.link/…

Katie Dehlinger can be reached at katie.dehlinger@dtn.com

Follow her on X, formerly known as Twitter, at @KatieD_DTN

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