Episode 50 - Nigel Kerin on the business of climate (part-2)

In part 1, we spoke about the following:Weather and trading conditions at Kerin Ag.The cost of doing nothing. Refer to this article here.How Nigel tried low-input Farming back in the 90s.And how they were literally forced into low-input Farming in the 90s.How you have to replenish what you take out when it comes to production.How is it that when we want something to work, we will pull out all stops to justify it to ourselves and others?Nigel gave us some of his learning from a recent trip to New Zealand.He expanded on what he learnt at the recent Wagyu conference.We spoke about how conferences need to get better and how they can.We spoke about Farm inflation.And about some of the surprises that came from working out his Farm inflation rate.In part 2, we spoke about the following:About where the herd and flock size are atAnd the opportunities around thatHow climate is determining how many Cattle or Sheep we breed.How they are utilising finance to create a new enterprise.We spoke about the importance of measuring.And what the metrics behind a Grass budget mean to his business.Nigel explained the process they follow when making big decisions about what they do.One of our subscribers asked for 3 bits of advice to young people.He also asked about the difference between good and great in business and in life.Another subscriber asked him why he started a Ram stud, and it was a great answer. He was also asked if it's either business consolidation or growth. It's an infinite game for them; it has no end.We spoke about what is frustrating farmers right now.It was a great chat, and I thoroughly recommend you take a listen to both parts 1 and 2. You can download the MP3 version here.