Kristin Stien
👤 PersonAppearances Over Time
Podcast Appearances
You go ahead. You started first and then I jumped on board and –
And she's like, no, I'm okay. I was like, no, whether it's a capital, no. I'm not pulling on another farmer's place that I don't know their name.
And she's like, no, I'm okay. I was like, no, whether it's a capital, no. I'm not pulling on another farmer's place that I don't know their name.
And she's like, no, I'm okay. I was like, no, whether it's a capital, no. I'm not pulling on another farmer's place that I don't know their name.
You just never know. Here we go. I drove out the driveway seven years ago. Hi, I'm Lori Nelson. Farmers market their grain and grown a business there. It's been a really good trip. Really good business.
You just never know. Here we go. I drove out the driveway seven years ago. Hi, I'm Lori Nelson. Farmers market their grain and grown a business there. It's been a really good trip. Really good business.
You just never know. Here we go. I drove out the driveway seven years ago. Hi, I'm Lori Nelson. Farmers market their grain and grown a business there. It's been a really good trip. Really good business.
It's a very individualized plan for each producer for what bushels need to go to town in the fall, what bushels can be put in a bin. First of all, we start with your cash flow, a break-even plan. A true solid break even as we talk about removing some of that emotion where it becomes a number. And so then when we start looking at numbers that are above your break even, let's be selling some grain.
It's a very individualized plan for each producer for what bushels need to go to town in the fall, what bushels can be put in a bin. First of all, we start with your cash flow, a break-even plan. A true solid break even as we talk about removing some of that emotion where it becomes a number. And so then when we start looking at numbers that are above your break even, let's be selling some grain.
It's a very individualized plan for each producer for what bushels need to go to town in the fall, what bushels can be put in a bin. First of all, we start with your cash flow, a break-even plan. A true solid break even as we talk about removing some of that emotion where it becomes a number. And so then when we start looking at numbers that are above your break even, let's be selling some grain.
Okay, that's a piece of it. Last several years, we haven't had much carry in the market. Part of the merchandising piece of having your on-farm storage being created, treating it like an elevator is capturing that futures carry. and then looking for a basis to set is another piece of it.
Okay, that's a piece of it. Last several years, we haven't had much carry in the market. Part of the merchandising piece of having your on-farm storage being created, treating it like an elevator is capturing that futures carry. and then looking for a basis to set is another piece of it.
Okay, that's a piece of it. Last several years, we haven't had much carry in the market. Part of the merchandising piece of having your on-farm storage being created, treating it like an elevator is capturing that futures carry. and then looking for a basis to set is another piece of it.
When we go to place targets, it's not something of here's a list that you have to have placed by five o'clock today. We got a limited power of attorney that says, okay, we're placing these targets on your behalf to put those orders in place. So as you guys get in the field, you know you've got targets working. What else do we do, Kristen?
When we go to place targets, it's not something of here's a list that you have to have placed by five o'clock today. We got a limited power of attorney that says, okay, we're placing these targets on your behalf to put those orders in place. So as you guys get in the field, you know you've got targets working. What else do we do, Kristen?
When we go to place targets, it's not something of here's a list that you have to have placed by five o'clock today. We got a limited power of attorney that says, okay, we're placing these targets on your behalf to put those orders in place. So as you guys get in the field, you know you've got targets working. What else do we do, Kristen?
And sometimes there are several people involved in an operation that just need help coming together to form a decision.
And sometimes there are several people involved in an operation that just need help coming together to form a decision.
And sometimes there are several people involved in an operation that just need help coming together to form a decision.
And I think a farmer thinks about I'm going to capture carry. I'm going to wait until July to stop it. No, no, no, no, no. Not how we want to manage