No doubt farming is a risky business or everyone would do it, but this year more than ever farmers are concerned about managing financial risk and worried about potential commodity price fluctuations.
According to a survey of over 200 farmers, BASF Crop Protection found that farmers are very or extremely concerned about managing financial risk in the coming season, and a full 90% say they are concerned about commodity price fluctuation. In addition, BASF Vice President for US Crop Protection Scott Kay said they found farmers would feel better if they had someone to share that risk. “60% of them said they would like to partner with a chemical manufacturer to help me make better decisions moving forward,” said Kay. In addition, 55% said risk sharing with a crop protection company would “give them peace of mind.”
Kay invites farmers to visit with BASF during Commodity Classic this week to find out how they can work together. [wpaudio url=”http://www.zimmcomm.biz/basf/basf-science15-scott.MP3″ text=”Interview with Scott Kay, BASF”]
Stay tuned to find out what’s new from this 150 year old company!
2015 BASF Science Behind Photos