![]() How long will the impact of COVID-19 linger? What will its effects do to commodity and livestock values, demand for the products we raise, the economy in general? How has it changed the way we do business? How will we adapt going forward?īy the time you read this, the country will be under a new administration. We still face uncertainties in many areas. Foresight is more like 50/50.įoresight tells us there are both opportunities and challenges in 2021. Such a focus helps eliminate emotions from the decisions we make. Using the best information available to make decisions. What did we learn? How do we use it going forward? Still, hindsight should be a guide, not a focus. We’ve all used the term, “hindsight is 20/20.” It’s easy to know the right thing to do after something has happened, but it’s hard to predict the future. The year 2020 was filled with tough decisions. As of early January, grain markets are approaching values last achieved in early 2014. The stock market is at record highs, unemployment is back to low levels, and livestock prices have rebounded. We remember financial markets tanking, unemployment hitting record highs, and commodity and livestock values reaching 10-to-15-year lows.īut we should also make sure to remember how they recovered. Then COVID-19 took all of that away.Īs humans, we tend to remember painful events more acutely than positive ones. Trade agreements were coming together, commodity and livestock values were good, and financial markets were strong. We continue to deal with the aftermath of damage to grain and the facility.Ĭalendar year 2020 was a roller coaster. We were fortunate that only one employee was injured and not seriously. I’m sure most of you are aware of the explosion at our Adrian facility. The year threw one last punch MFA’s way on Dec. I’ve heard “I’m glad 2020 is over,” as a common conversational theme, and when you look at 2020 as a whole, I think that is a conclusion we all reached. A few weeks ago, we all turned the page on calendar 2020-a year filled with challenges and struggles.
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