Dr. Torsten Hemme: Economic Research Network | Ep. 37

In this episode of The AgCulture Podcast, we’re joined by Dr. Torsten Hemme, a world-renowned dairy expert with a wealth of experience in dairy economics and entrepreneurship. Torsten shares his perspective on the global dairy market, dairy farming and its opportunities which arise until 2050. Moreover he shares his own journey of a researcher who became an entrepreneur to build the global dairy network IFCN. If you’re curious about the fact based insights to stay ahead in a fast-changing global market, this is an episode you won’t want to miss.  Tune in on your favorite platform for these invaluable insights. This episode was sponsored by ⁠Bankbarn⁠. Check out their website for more info! WHAT IS IFCN? The IFCN today is a global network connecting dairy economists from over 100 countries and serving dairy organisation and over 130 dairy related companies. The mission of IFCN is to help people in the dairy world to make better decisions. Out of this the IFCN produces annually the IFCN Dairy Report which people call the dairy bible. Moreover it runs various conferences, provides dairy databases, outlooks and a wide number of projects globally. Meet the guest: Dr. Torsten Hemme is the Founder of IFCN Dairy Research Network and a leading global expert in dairy economics. He holds a Master's in Agricultural Economics from the University of Göttingen and a Ph.D. from the same university in collaboration with Texas A&M University.  With over 30 years of experience, Dr. Hemme continues to guide the dairy industry as in different roles like e.g. Chairman of IFCN's Advisory Board and through his educational efforts at University Kiel. Moreover Torsten is since 2003 engaged in New Zealand dairy farming. Connect with the guest on Social Media: LinkedIn (00:00) Introduction (04:47) IFCN’s global impact (09:59) Benchmarking dairy farming systems (13:04) Global dairy market trends (20:40) Future proven farming systems (26:26) Key learnings from IFCN (32:14) Closing Thoughts