News & Insights
The Dairy Drought ‘Down-Under’
One of the many industries that are hit the hardest by this drought is dairy. The dairy industry is a major player in the Australian economy. The Australian Department of Agriculture estimates that this industry accounts for over 7% of both the gross value of agricultural production and agricultural export...
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DecisionNext featured in ‘Innovation Spotlight’ at Forbes AgTech Summit
Barnard kicked off her remarks by noting her grandfather’s rule of thumb on risk management. In order to lock in some profit, he always sold a third of the crop at planting, a third during the growing season, and a third at harvest. While this ‘rule of thumb’ strategy has...
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Meat Industry Players Feel the Pinch of Fire & Hurricanes
Markets Reel with Fire Event On August 9, 2019, an enormous fire broke out at the Tyson Foods beef plant near Holcomb, Kansas, which employed 3,800 workers. An estimated 1,200 employees were on site when the fire started. While there were fortunately no human injuries or casualties, the event left...
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DecisionNext CEO Mike Neal Talks Forecasting on The Modern Acre Podcast
Mike laid the foundation that forecasts are now an essential part of any business. However, no matter how great a forecast is, it will always improve when it is being used and interpreted by an industry expert. Success is defined by how well an organization adopts this ‘human + machine...
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3 Technology Trend Takeaways for the Agribusiness Exec
1. Use analytics to identify issues before they arise Bill is a firm believer in using machine learning to power “predictive analytics”. As he notes when it comes to these tools, they should not only “keep the train on the tracks, but tell me when it starts to get a...
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