It’s that time of year! When experts give their predictions for what will unfold in the New Year. And experts in the agricultural industry are ready with their predications for 2017.
Many in the agricultural industry are looking with cautious optimism to the New Year and there is hope that it will bring relief to farmers who continue to struggle with low commodity prices. This optimism stems from the fact that many analysts are predicting a recovery in commodity prices as corn and soybean supplies begin to decline and consumption around the world increases.
So what are some other important Ag trends to keep an eye on in 2017?
Trend #1: Slowing Machine Sales
Farmers will be much more likely to buy used equipment or try to get another year out of current equipment instead of making new purchases. Another factor in fewer machinery sales is elevated inventories for equipment sellers and a decrease in value for trade-ins. And while there are definite tax benefits to buying new, the reality is that farmers don’t have a whole lot to write off.
Trend #2: A Continued Interest in Precision Ag
Precision Ag will continue to pique the interest of farmers but price will be an issue. Farmers also are expected to continue to take an interest in free software categories but it is not known what will happen once these software offerings are no longer free.
Trend #3: Crop Protection will be a Hot Button Issue
Crop insurance will continue to be the most popular risk management tool that farmers employ. When it comes to weed-management issues, farmers are expected to face tremendous challenges with herbicide-resistant varieties. The expense of name-brand products to fight these weeds points to the use of generic products, however. Demand is expected to be light for insecticides and fungicides.
Trend #4: Decrease in Fertilizer Costs
Lower energy costs mean fertilizer prices should come down in 2017. Analysts predict that global supply and demand issues for all nutrient categories will continue pressure on prices, benefitting farmers.
Trend #5: Lower Fuel Costs
A decrease in fuel costs will offer relief to farmers and the Ag economy as a whole. Biodiesel and ethanol consumption also is expected to increase slightly.
DIY Data Collection and Analysis for Farmers
Farmer Life, Farmers and RanchersFarmers are collecting more data than ever and experts in the field of agricultural technology say this is a good thing. Ask farmers and you may get a more lukewarm response, however. While it is true that many farmers are collecting a great deal of data, many are unsure what to do with that data.
For years farmers have been told that data collection will help them run their farms more efficiently and allow them to make better business decisions. This may be true, but only if farmers know how to accurately analyze the data they collect.
Many farmers are reluctant to hand over their data to an outside organization or company to have it analyzed. So what’s a farmer to do? Analyze it themselves, of course! Here’s how:
Farmers are self-reliant. This is true whether they are harvesting crops or gathering and analyzing data. While farmers can certainly go to an outside source to analyze their data, it’s nice to know that those who wish to analyze it themselves can do so.
How to Engage Farmers through Technology
Farmer Life, Farmers and RanchersIf you are looking to engage farmers through technology (and if you want to successfully market to farmers you better be!), it is important that you pay close attention to exactly who you are looking to engage. It also is important to remember that the best method to connect with a particular farmer today may not be the best method next week or next month.
In other words, when engaging farmers through technology, the name of the game is adaption. And if you aren’t constantly adapting to the farmers you want to reach, chances are you aren’t going to reach them at all. If all this sounds overwhelming, fear not, what follows are some tips to help you match the right engagement tool to the right farmer at the right time.
Today’s world is becoming smaller thanks to technology. This means that you can reach out to more farmers than ever. But as is true with almost everything, quality trumps quantity. Make sure you are using technology to help you connect with the type of farmers you are targeting, not just the most farmers.
When it Comes to Marketing, Not all Farmers are Created Equal
Farmer and Rancher Marketing, Farmers and Ranchers, MarketingOne of the most common mistakes Ag-based businesses make when marketing to farmers is to group all farmers into the same category. This is not just a common mistake, it is a costly one,
as well.
It is important for agricultural businesses to recognize that all farmers are not the same. For example, a young farmer just starting out on his or her own is going to be swayed by a different message than a much-older farmer who has weathered decades of life on the farm.
So who are today’s farmers and how can each group of these farmers best be approached? Read on to find out.
For years, farmers have been viewed as one large target audience. But the most effective Ag marketers understand that this is not the best approach. Instead, this traditionally large target audience must be broken down into much small segments so that you can best speak to your target market of farmers.
Inbound or Outbound? That is the Question for Today’s Ag-Marketers
Business, Customer, Farmers and Ranchers, Inbound Marketing, Marketing, SEO, Social MediaWhat marketing technique should you use to promote your Ag-based business? Sounds like a pretty straightforward question. After all, it basically comes down to two choices: inbound or outbound.
There is no shortage of marketing gurus who will tell you that they know the answer to this question. No matter how much marketing experience these experts possess, however, if they don’t know your target audience, they can’t possible know the answer.
Take a look at the most successful businesses in any industry and you will find that they all have one thing in common. A laser-like focus on marketing to their target audience. This focus remains constant regardless of all the new and innovative marketing tactics available. For example, maybe a particular social media channel is all the rage but none of its customers use it. How likely is this business to gain customers through this social media channel? Not very!
Once you understand the audience you are marketing to it is essential that you remain focused on your marketing plan. Without focus, your marketing plan will be all over the map. In other words, it may be doing a lot but it certainly will not be accomplishing much.
If you are trying to build relationships with your Ag customers and you want them to see you as a thought leader in the industry, it is your best interest to focus on inbound marketing. Trying to get in front of a large number of farmers and ranchers and get your brand recognized? Outbound is the way to go.
Inbound marketing incorporates things like social media, content creation and SEO, all of which offer an opportunity for more targeted marketing. Not only does inbound marketing reach the right people, it allows a business to build relationships. This type of marketing will require a little more patience because it takes longer to see results.
Outbound marketing is a more tradition form of marketing which relies on things like cold calling, broadcast ads and direct mail. This form of marketing allows you to get out in front of larger number of people and build brand awareness much faster than inbound marketing. Outbound marketing is known for its speedy results but it is important to remember that those results usually only last as long as a campaign runs.
The way to achieve marketing success—no matter what the so-called experts tell you—is to know your audience and understand what you are trying to achieve. Only then can you focus on implementing the best marketing strategy possible.
How to Measure the Success of Online Marketing Campaigns
Farmer and Rancher MarketingMarketing to farmers through the use of digital campaigns is becoming much more popular and it is easy to see why. Farmers—like most people—are spending more and more time online these days, with much of that time being spent on mobile devices.
Despite the rise in digital marketing efforts, it is still relatively difficult to measure the success of these type of campaigns. After all, no matter how many clicks your campaign receives, those clicks don’t mean much if they fail to generate leads. Further, there is no way to judge which clicks signal interest in your brand and which do not. Did a consumer click on your ad by accident? How did an individual respond to your ad once he or she clicked on it? So if clicks aren’t an effective way to measure the success of an online marketing campaign, how can success be measured?
It all comes down to knowing what happens after a consumer clicks on an ad. How long did they spend on the page? Did they request more information? Did they fill out an order form or join your email list? Did they return to your site at a later date?
When it comes to successfully marketing your Ag business, the goal isn’t to reach the greatest number of people. Rather, you want to reach people who are most likely to buy the products and services that you are selling.
E-newsletters are an important example of why the quality of clicks always trump the quantity of clicks. Many marketers feel that they are wasting their time on these types of newsletters because they don’t get a flood of interest after every issue. However, research has shown that e-newsletters are an extremely effective way to market a business. Why? Because the individuals who actually go to the trouble of subscribing to such newsletters do so because they are seriously considering purchasing from that company when the time is right.
Marketing your Ag-based business online requires a strategic approach and an ability to correctly measure success beyond counting clicks. The key is to be patient and realize that in the online marketing arena, slow and steady really does win the race.
Top Agricultural Trends to Watch in the New Year
Business of Farming and Ranching, Farmer and Rancher MarketingIt’s that time of year! When experts give their predictions for what will unfold in the New Year. And experts in the agricultural industry are ready with their predications for 2017.
Many in the agricultural industry are looking with cautious optimism to the New Year and there is hope that it will bring relief to farmers who continue to struggle with low commodity prices. This optimism stems from the fact that many analysts are predicting a recovery in commodity prices as corn and soybean supplies begin to decline and consumption around the world increases.
So what are some other important Ag trends to keep an eye on in 2017?
Trend #1: Slowing Machine Sales
Farmers will be much more likely to buy used equipment or try to get another year out of current equipment instead of making new purchases. Another factor in fewer machinery sales is elevated inventories for equipment sellers and a decrease in value for trade-ins. And while there are definite tax benefits to buying new, the reality is that farmers don’t have a whole lot to write off.
Trend #2: A Continued Interest in Precision Ag
Precision Ag will continue to pique the interest of farmers but price will be an issue. Farmers also are expected to continue to take an interest in free software categories but it is not known what will happen once these software offerings are no longer free.
Trend #3: Crop Protection will be a Hot Button Issue
Crop insurance will continue to be the most popular risk management tool that farmers employ. When it comes to weed-management issues, farmers are expected to face tremendous challenges with herbicide-resistant varieties. The expense of name-brand products to fight these weeds points to the use of generic products, however. Demand is expected to be light for insecticides and fungicides.
Trend #4: Decrease in Fertilizer Costs
Lower energy costs mean fertilizer prices should come down in 2017. Analysts predict that global supply and demand issues for all nutrient categories will continue pressure on prices, benefitting farmers.
Trend #5: Lower Fuel Costs
A decrease in fuel costs will offer relief to farmers and the Ag economy as a whole. Biodiesel and ethanol consumption also is expected to increase slightly.