In this week's program, Chuck talks with Chip Whalen, Commodity & Ingredient Hedging (CIH). The topic is uncertainty requiring flexibility. Think about how commodity prices are affected by weather, trade, exchange rates and more competition. There are more factors too.
So, how do farmers manage risk with the uncertainty we're seeing in the trade today? That's where Chip's expertise in the education and research area for CIH comes in handy. Farmers are becoming more and more sophisticated when it comes to working with new solutions to protect their prices and margins. So we talk about tools like using options instead of the cash market. With a volatile market is it possible to actually take advantage of it? Yes, it is possible and Chip will explain.
We hope you enjoy the program and thank you for listening!