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Agriculture today faces many of the same pressures it did during the 1980s farm crisis—but the solutions may look very different.

In this episode of the Patio Pondering Podcast, I sit down with Purdue agricultural economist Dr. Michael Langemeier to discuss how modern farm businesses can navigate low margins, rising costs, global competition, and generational transition.

Our conversation explores the difference between strong balance sheets and healthy cash flow, why working capital matters more than ever, and how strategic planning is becoming just as important as production efficiency. We also discuss the growing influence of Brazil in global agriculture, the challenges of succession planning, and why many farms need to think more like businesses without losing what makes family agriculture unique.

We finish with a fascinating discussion on artificial intelligence, lifelong learning, and how new technologies may help producers make better decisions in an increasingly complex industry.

Topics include:

• Comparing today's farm economy to the 1980s farm crisis
• Cash flow, debt, and working capital management
• Strategic risk versus production risk
• Value-added agriculture and competitive advantage
• Accrual accounting and financial decision-making
• Family business transitions and succession planning
• AI, decision support, and the future of farm management
• Why lifelong learning remains agriculture's greatest advantage

Dr. Michael Langemeier is a professor of agricultural economics at Purdue University and a leader within the Center for Commercial Agriculture. His work focuses on farm management, financial performance, strategic planning, and producer decision-making.

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What Has the Modern Swine Industry Gained… and What Has It Quietly Lost? | Dr. Doug Newcom

The modern swine industry has never been more productive. Weaning rates are higher, pigs grow faster, feed efficiency continues to improve, and genetic tools are more powerful than ever.

But progress comes with tradeoffs.

In this episode of the Patio Pondering Podcast, Jim Smith sits down with Dr. Doug Newcom, Vice President of Genetics and Technology at the National Swine Registry, to explore how the pork industry has evolved over the past four decades—and what may have been left behind along the way.

The conversation moves from genetic selection and reproductive efficiency to pork quality, resilience, stockmanship, youth development, and the future of the industry. Doug shares perspectives from a career that spans seedstock production, genetic evaluation, international swine genetics, and leadership within the National Swine Registry.

Topics include:

• How the industry increased pigs born alive from 10 to 14–16 pigs per litter
• Why pork quality and eating experience still matter
• What great breeders recognized before the data proved it
• Efficiency versus resilience in modern production systems
• The decline of independent seedstock producers and the impact of industry consolidation
• Why youth livestock programs remain critical to agriculture's future
• Lessons from promoting U.S. swine genetics around the world, including China, Vietnam, South Africa, and beyond
• What gives Doug optimism about the future of the pork industry

If you've ever wondered whether agriculture can become more efficient without losing the qualities that made it successful in the first place, this conversation is worth your time.

Guest: Dr. Doug Newcom
Vice President, Genetics & Technology

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What happens when a hog farmer, feed industry veteran, and former National Pork Producers Council president looks across the entire pork supply chain?

In this episode of the Patio Pondering Podcast, I sit down with Lori Stevermer to explore the connections between production, nutrition, policy, trade, and consumer confidence.

Drawing from decades in the feed industry with Wayne Feeds, Hubbard Feeds, and Alltech, along with her leadership at NPPC, Lori shares a perspective that spans from the slat level to Washington, D.C.

We discuss:

• Why consumers need confidence in the food system
• The growing role of choice in pork production and marketing
• What COVID revealed about our food supply chain
• Why trade matters far beyond pork chops and bacon
• The importance of Canada, Mexico, and international markets to U.S. pork producers
• Labor challenges facing agriculture over the next decade
• How ASF, global disease pressure, and biosecurity shape industry decisions
• Why agriculture sometimes struggles to slow down and think

Along the way, Lori reflects on leadership, running, balancing industry service with farm life, and the importance of meeting consumers where they are.

Whether you're involved in pork production, agriculture policy, animal nutrition, or simply interested in how complex systems actually work, this conversation offers a thoughtful look at the people and decisions behind modern agriculture.