Commentary: Farming for Profit in Good Times and Bad

first_img SHARE SHARE By Gary Truitt – Jan 20, 2019 Home Commentary Commentary: Farming for Profit in Good Times and Bad Facebook Twitter By Gary Truitt“You load 16 tons and what do you get, another day older and deeper in debt.” Tennessee Ernie Ford’s 1955 hit came to mind as I walked the Fort Wayne Farm show this past week. I had a lot of company as the crowd of farmers was good but, like me, they were walking and not buying.  The day before the show began, the corn and soybean futures market suffered double digit losses that further fueled the feeling of pessimism that pervades the farm sector these days. Yet, there remains the bedrock of dogged determination on which most in farming are rooted. If we can just find a way to survive, things are going to get better.The challenge, however, is finding that way to survive. For many, the things that worked in the past are not working any longer.  Simply buying or renting more land, building more storage, borrowing more money, or just doing without have been tactics used to make it through lean times. Yet today, these are not possible or as helpful as they once were. New techniques, new practices, new technology, and a new philosophy may be required.A sign of the times is that there are a lot more banks and financial institutions exhibiting at farm shows these days. Several of these folks I spoke with had the same message: have a plan.  “Even if it is a plan to lose money, just bring us a plan,” said one banker. New data tools allow producers to determine the profit on a field-by-field level. This kind of data, along with an up to date and realistic balance sheet, is what it is going to take for many producers to get the operating credit they will need for 2019.  This will apply to livestock producers as well.What is making 2019 more challenging for both producers and lenders is the uncertainty and volatility we are facing. While there has always been uncertainty and volatility in farming, this year the prolonged government shutdown and trade war are posing major problems. While both of these issues will be resolved in time, the unknown is if it will be weeks, months, or years before that will happen.There is one strategy that can aid producers in their efforts to survive: information. Staying informed is one of the most effective and least costly things you can do. Today information is free; and, with the click of a mouse or the twist of a radio dial, the latest information on the market, weather, government policy, credit conditions, agronomic research, and technological breakthroughs can be yours.  Staying informed is your best defense against the volatility and uncertainty that faces us today.News items to pay particular attention to include interest rates, the government and  USDA shutdown, federal and state regulations, land values, input costs, local basis levels, alternative crop options, and market and weather moves. Establish a routine to update yourself on these issues every day.Ironically, this routine will serve you well when times do get better. While farming is a lot more fun when times are good, it is not necessarily any easier.  Another good habit to cultivate is checking your attitude.  It is easy to get too pessimistic and lose perspective; and, in good times, it is also easy to get too confident and to make unwise decisions.  Going to farm shows, farm meetings, and conventions is a good way to network with other producers, learn new things, and get a larger industry perspective.In short, stay informed, stay positive, and stay farming. Facebook Twitter Commentary: Farming for Profit in Good Times and Bad Previous articleIndiana Soybean Alliance Seeks New Farmer LeadersNext articleAfter Decades There’s a New Leader at Indiana Dairy Checkoff Gary Truittlast_img read more

Global Anesthesia Gas Blenders Industry (2020 to 2027) – Key Market Trends and Drivers…

first_img Twitter Local News Global Anesthesia Gas Blenders Industry (2020 to 2027) – Key Market Trends and Drivers – ResearchAndMarkets.com By Digital AIM Web Support – March 4, 2021 DUBLIN–(BUSINESS WIRE)–Feb 25, 2021– The “Anesthesia Gas Blenders – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering. The publisher brings years of research experience to the 8th edition of this report. The 208-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Anesthesia Gas Blenders Market to Reach $594.4 Million by 2027 Amid the COVID-19 crisis, the global market for Anesthesia Gas Blenders estimated at US$440.8 Million in the year 2020, is projected to reach a revised size of US$594.4 Million by 2027, growing at a CAGR of 4.4% over the period 2020-2027. Tube Flow Meter, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US$370.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dual Tube Flow Meter segment is readjusted to a revised 6% CAGR for the next 7-year period. The U.S. Market is Estimated at $129.7 Million, While China is Forecast to Grow at 4.1% CAGR The Anesthesia Gas Blenders market in the U.S. is estimated at US$129.7 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$105.7 Million by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Competitors identified in this market include, among others:Armstrong Medical Industries, Inc.Becton, Dickinson & CompanyDameca A/SEKU Elektronik GmbHflow-meter S. p. AHeyer Aerotech GmbHHEYER Medical AGmedin Medical Innovations GmbHSmiths Medical Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEWGlobal Competitor Market SharesAnesthesia Gas Blender Competitor Market Share Scenario Worldwide (in %): 2019 & 2025Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITIONTotal Companies Profiled: 31 For more information about this report visit https://www.researchandmarkets.com/r/tophd3 View source version on businesswire.com:https://www.businesswire.com/news/home/20210225005460/en/ CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: HEALTH GENERAL HEALTH SOURCE: Research and Markets Copyright Business Wire 2021. PUB: 02/25/2021 05:35 AM/DISC: 02/25/2021 05:35 AM http://www.businesswire.com/news/home/20210225005460/en Facebook WhatsApp Facebookcenter_img TAGS  Twitter WhatsApp Pinterest Pinterest Previous articleHouston’s Wall, OKC’s Gilgeous-Alexander sidelinedNext articleBiden dogs to make appearance during Puppy Bowl Digital AIM Web Supportlast_img read more