One Surprise After Another: Economists Offer Perspective on Pork Industry

Jun 05, 2023

Proposition 12. Sideways breeding inventory. Astronomical input costs. Declining consumer demand. The issues affecting the pork outlook go on and on. Farm Journal’s PORK asked five economists to share their perspectives on what’s ahead for the second half of yet another interesting year. They include: Scott Brown, economist at University of Missouri; Brian Earnest, lead protein industry analyst at CoBank; Christine McCracken, executive director, protein analyst at Rabobank; Altin Kalo, head economist at Steiner Consulting Group; and Lee Schulz, economist at Iowa State University.

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Video: What If Everything You Knew About Feed Inventory Was Wrong?

AI, Agriculture & the Future of Smart Farming with BinSentry CEO Ben Allen. Every day, livestock producers make thousands of dollars' worth of decisions based on one simple question: How much feed is actually left in the bin? For decades, the answer has often been an estimate.

In this episode of AgTech with Andrew, I sit down with Ben Allen, CEO of BinSentry, to explore how artificial intelligence, machine vision and real-time data are transforming one of agriculture's most overlooked challenges—feed and grain inventory management.
We discuss why some of the biggest inefficiencies in livestock production aren't happening in the barn, but throughout the feed supply chain. Ben shares insights from his career leading agricultural technology companies, explains why AI must solve real business problems to earn producer trust, and offers his vision for the connected farm of the future.

In this interview, you'll discover:
Why feed inventory has remained one of agriculture's biggest blind spots
How AI is reducing costly feed outages, waste and unnecessary deliveries
The hidden safety risks of traditional bin inspections
What separates successful ag technologies from those that never gain adoption
How connected farms are changing decision-making for producers, feed mills and integrators
Why real-time inventory may become as important as precision planting and autonomous equipment

Whether you're a livestock producer, grain farmer, feed manufacturer, ag retailer, nutritionist or simply passionate about the future of agriculture, this conversation offers valuable insights into where the industry is headed.