Kristin Stien
Appearances
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
Your shirt. Yeah. You know, your shirt might just make you think you're smelling that.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
Cool shirts.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
Yeah.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
So I'm Lori Nelson and I live in Marshall, Missouri. So I have a client base in Missouri, client base in Iowa, just through past relationships that I've had and do the same thing as Kristen as we're a team. And we've got another gal, Jenny Berker, that helps us. So we're out on the road today.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
So she's in the office today taking care of phone calls for us and taking care of guys that need help today. But do the same thing as managing risk and manage emotions and help them put a marketing plan together for them.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
Yeah. Yeah. Yeah. Emotion, pulling that emotion, having a true number to help you make that decision is – I really find a critical piece for guys.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
You go ahead. You started first and then I jumped on board and –
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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?
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And sometimes there are several people involved in an operation that just need help coming together to form a decision.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
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
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
how big a piece of paper do you have to listen to? I'm good. Let's go. You know, it's not a local market anymore. It's not a county market, a state market, a U S market. It's a world market. And as things come into play, unforeseen events, you know, that's where the market changes. And are we prepared for that? And if that's an option strategy, that we help folks manage that.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
That's another piece of how we help producers.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And you mentioned this morning in our meeting. And it was around what other business gets the opportunity to protect a price. Yeah.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
You're still the president of your company.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
So an example... is how many bushels do you want to sell? Where do you want to sell to? Talk about the target price. And once we get that arranged, then we take that information and place it for you, and you can check your mark. Okay. They have that for you, and away you go on to your next event.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And it that pocket that recording also helps with as you're going through your calls every day. So we're just not repeating yourself and we're remembering to tell every producer what's going on. So that's been really helpful to us, too.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And there's some guys that want more touch points.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
You know, you look at the retracement levels, Fibonacci retracements, those type of things, and does a producer want to look at that every day? Do they have access to that every day? So we take a look at that from a technical point of view. All the technicals involved is what's helpful to help us look at those targets and where they need to be placed.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And when we do that, it's kind of a a breath of fresh air for folks. Yeah. It's not all on me. Yeah.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
And beans, we actually export two thirds of beans here in the fall and we don't have anything near that kind of lineup. So I would say 50 cents possibly in the next 60 days as we approach Harvest on beans to see another 50 cents possibly taken out of the bean market.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
I'll go first. Um, Asking for help. I think about our working relationship through pregnancies, giving birth, durations. Yeah, that's the final end. But I think about what happened when it was Russia invaded Ukraine the day you gave birth to your third. And what a ride that was. And asking for help and partner up with someone that can help you make decisions. when you can.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
I've got a funny story.
Farm4Profit Podcast
Mastering Market Volatility: Ever.Ag’s Approach to Agricultural Risk Management
The heat of harvest, and I was talking to a producer, and we had to just quickly get