Farm Futures magazine will hold its 6th annual Business Management Summit in St. Louis Jan. 4-5, under the theme, "Build a Championship Farm: Are you up to the challenge?"
Keynote speaker Mike Boehlje, a Purdue ag economist, says the most important way to build a championship farm is to learn how to capitalize on opportunities in agriculture.
"Agriculture has a lot of volatility, and a lot of people spend time worrying about how to mitigate the downside," he says. "But to build the championship farm, you have to focus attention on the upside and opportunity associated with this volatility."
Boehlje's presentation will help farmers learn the management skill sets needed to take advantage of Ag volatility. He will show how having a little 'slack' in your management capacity can pay dividends when opportunities arise.
'In economic slowdowns, the response has always been to get lean and mean," he says. "One of the problems with lean and mean is, you don't have the capacity to take advantage of opportunities as quickly as you would otherwise. You need more managerial and strategic capacity in these times to capture those opportunities."
Farm Futures Market Analyst Arlan Suderman will share his outlook on the global market, focusing on China's rapid ascension and growing demands for food. Senior Editor Bryce Knorr will show how seasonal trends and new contracting methods can give you more control over fertilizer and fuel costs. Ag Accountant Darrell Dunteman lends his expertise on production costs, risk and tax management, business structure and financial strategies.
The 6th Annual Business Management Summit will include the popular Bear Pit, emceed by farm broadcaster Max Armstrong. This free-for-all discussion between farmers and panelists is something you won't want to miss.
Click on the web link at our home page, or go to: www.farmfutures.com/summit2011 to register. You can get a hotel reservation at the same link.
We'll see you there!