In this episode of the FBN Podcast, we're breaking down the FBN Ag Chem Price Transparency Report on farm chemical prices and the wide variability among the prices farmers pay for their chemicals. We also dive into practical tips for handling stress on the farm with Ted Matthews, a rural mental health expert from Minnesota, and why you should consider getting a second opinion on your farm's crop insurance.
Episode Recap and Show Notes
Breaking Down the Ag Chem Price Transparency Report with Matthew Meisner, Head of Data Science at FBN
When we first launched the FBN Ag Chemical Price Transparency Report, we learned that farmers had little transparency into hidden industry practices around chemical pricing, meaning there’s wide variability between the prices farmers pay for their chemicals. Now, three years later, price variation continues in the industry. So the odds are that you’re still paying drastically different prices to buy the same chemicals other farmers are buying. You face a number of challenges for profitability, including the lack of transparency in the chemical market, which can add extra costs to an already expensive farming essential. That's why we're breaking down the report with Matt, who shares what the data say about where, as well as for which common chem products, farmers continue to see extreme price differences on the same products (that is, the same active ingredient with the same concentration), and even when brands and geographies are the same.
Navigating Stress on the Farm with Ted Matthews, Director of MN Rural Mental Health
We don’t need to tell you that farming is an incredibly fulfilling lifestyle, but it can be challenging and stressful -- so how can you make life on the farm… happier… and less stressful? Ted Matthews joins this episode to share some practical ways that you can handle stress on farm this season and throughout the year. Ted is a mental health practitioner with more than 30 years of experience in counseling in rural areas. There are few people other than Ted who have spent decades talking with farmers about their mental health and wellness. He has extensive counseling experience in PTSD, crisis intervention, family issues, suicidology and domestic abuse. He has been featured on the Huffington Post, MPRNews, CNN, AgriNews, Successful Farming and Prairie Farmer, among others.
Getting a Second Opinion on Your Crop Insurance
Are you confident in your crop insurance coverage? Having the wrong level of insurance coverage can have a big impact on your bottom line over the long term—you could be overpaying on premiums year after year, or under-compensating for risk, leaving your operation exposed in difficult years. When times are tough, it’s time to take a hard look at your crop insurance choices. If you’re unsure about the policies you have… then what’s wrong with your crop insurance? We’re talking crop insurance with Eric Sorensen, Director of Crop Insurance at FBN -- that is, SMART crop insurance -- not just policies, but advice and coverage that’s personalized and painless. Eric has more than 20 years of exclusive, full-time crop insurance experience. Now, he and his team are matching up the data analytics prowess of FBN with a veteran team of seasoned crop insurance professionals to help farmers reduce their risk and become more profitable.
Do you have questions about the FBN network? About how you can gain more choice, freedom and transparency in your farming business, and make sure the industry is working for you?
Send us your questions at firstname.lastname@example.org.
We'll answer them on the podcast. From seed industry pricing practices to simplifying the ups and downs of the grain markets, we’ll get your questions answered as best we can. It's another way we're putting Farmers First®.
Purchasing crop insurance through FBN Insurance is not required to participate in FBN crop marketing programs. FBN members can choose to purchase coverage through any licensed agent of their choice. We are an Equal Opportunity Provider. FBN Crop Insurance is only available in states where FBN Insurance is licensed to operate. FBN Insurance services are offered by FBN Insurance LLC (dba FBN Insurance Solutions Services LLC in Texas, and FBN Insurance Solutions LLC in California and Michigan). FBN membership is not required to purchase through FBN Insurance. FBN Insurance is currently offered in the following states: AR, IA, IL, IN, KS, MI, MN, MO, MS, MT, ND, NE, OH, OK, SD, TX.