Archive for the ‘Brett Young’ Category

Part 2 of 2 Lloyd Dyck CEO of Brett Young – Commodity Price Outlook, The Forage Industry Outlook and the EU and GMO Canola

March 27, 2009

In part 2 of my interview with Lloyd Dyck, CEO of Brett Young we discuss how the access to credit is a bigger concern than the commodity price volatility for people in agriculture. Lloyd also talks about the forage business at Brett Young, where forage genetics are coming from and how hybrid alfalfa is growing in market share. Lastly Lloyd talks about how the EU finally excepting GMO canola imports will ultimately affect Canadian agriculture.

I would like to thank Lloyd Dyck for taking the time to talk to me and RealAgriculture.com
If you are interested in Brett Young products please go to their website at http://www.brettyoung.ca/

Part 1 of 2 Lloyd Dyck CEO Brett Young -The Future Success at Brett Young is in Biologicals and Leveraging Strong Strategic Relationships

March 25, 2009

This is part 1 of 2 of my interview with Lloyd Dyck, CEO of Brett Young. Brett Young is truly unique because it is family owned and provides a a very diversified product line to the marketplace. In this video Lloyd discusses how the future growth of the company is in biologicals like PodCeal and Bio Boost and how it leverages strategic relationships to build the business. Lloyd is a well respected strong businessman who has a tall task to compete against very large competitors like Monsanto, Bayer and Viterra. As Lloyd mentions in the video, Brett Young has found success by leveraging their strong relationships with like minded companies like Miller Chemical and DL Seeds.

There Will Not Be 17 Million Canola Acres In Western Canada in 2009

March 21, 2009

There is much speculation around canola acres for 2009 in Western Canada. Farmers are hesitant to order canola seed, retailers are hesitant to speculate on inventory, distributors are cautious, and seed companies will not treat on speculation just to make sure seed is available for spring. What we have here is a system that is so built on just in time inventory management that with every day that passes the opportunity for the industry to supply 16 to 17 million acres of seed becomes impossible.

What makes this year different than others is that the industry has the bare seed available to supply these records acres. The challenge is that orders are very slow as farmers have shown hesitation across the prairies in ordering canola seed. This wait and see strategy is applicable in cereals but in canola it could cause forced seed shortages to the marketplace. Canterra Seeds, Brett Young, Monsanto (Dekalb) and Pioneer do not treat their entire inventory and wait for the farmer to make up his mind. All bare canola seed is not treated until the order has been placed by the distributor who has an order from the retailer who has an order from the farmer.  The reason that no one in the chain is willing to spec on inventory to ensure that there is in season supply is because the inventory carry over penalties are very punitive. Probably the only company that treats all of its inventory every year regardless of orders is Bayer (Invigor) because they are always sold out with the exception of this year.  The only companies rumored to be up in sales versus last year at this point are Dow (Nexera) and Cargill (Victory).  

My suggestion is that if you are planning to plant canola this spring book your seed now to ensure that you have supply.  If there is going to be demand for 16 to 17 million acres it will be a good idea to have your canola seed variety ordered.  Based on the just in time system that we have created to manage inventory costs, everyday that passes without canola orders will raise the probability that canola acres will not reach 16 or 17 million acres this year because there will not be enough seed on the retailers warehouse floor.  The big variable is whether or not one of the companies places a  big bet and treats a bunch of spec seed to ensure they will be able to supply the short market in the spring.  It should be interesting.