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Scott Stewart

Scott Stewart

Articles

ARTICLES

Economists outline finding prosperity when economy declines

March 11, 2015
Scott Stewart
When, not if. That’s the word respected economists use to talk about the next global economic crisis. And the coming downturn will last 10 years. That should catch your attention, no matter what your age.
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The Power of Habit teaches how to create lasting change

June 11, 2014
Scott Stewart
If you are interested in learning how to create lasting change – either on your dairy, in an organization or even at the most personal level for yourself, you may enjoy reading The Power of Habit: Why We Do What We Do in Life and Business.
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Risk management in 2014? Think bigger and more systematically

October 31, 2013
Scott Stewart
For a dairy producer, the milk, feed and energy price fluctuations have a huge impact on cash flow, equity and profitability. So naturally, you want to know the outlook for 2014. If I used this space to write about what’s going to happen in the 2014 markets, the facts would change before the ink was dry.
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Observe the crowd and do the opposite

August 30, 2013
Scott Stewart
It doesn’t matter where the market has been – only where it is going. We encourage producers to look forward and not base decisions on what has happened in the past.
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Let go of emotional ties; think like a ‘Turtle’

July 17, 2013
Scott Stewart
Happy days are here again. As I write this, the Dow Jones Industrial Average is in record territory, trading above 15,000. The hit song on the kids’ iPods is “Get Lucky.” Optimism for a good 2013 crop has brought feed buying opportunities. And dairy producers seem optimistic that milk prices will go up.
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Weighted-average price: Know your numbers

May 20, 2013
Scott Stewart
In health and fitness circles, people are often encouraged to “know your numbers.” Key statistics like height, weight, body mass index, cholesterol and blood pressure numbers are often used as basic measurements – or at least benchmarks for embarking on a fitness program.
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What does it mean to be an ‘antifragile’ dairy?

March 19, 2013
Scott Stewart
The author who brought us Black Swans (unexpected events with big consequences) is back, and he’s raising a very thought-provoking question every dairy producer should ask in this era of market volatility: Is your dairy “fragile” or “antifragile?” The author is Nassim Nicholas Taleb, professor of risk engineering at New York University’s Polytechnic Institute. His new book, Antifragile: Things That Gain from Disorder, will make you think about how to strengthen your business to survive ups and downs.
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What we can learn from jet pilots as we navigate volatility

February 11, 2013
Scott Stewart
Many dairy owners and managers have recognized the need for some sort of risk management program to navigate through today’s volatile markets. Like anything, you get better with practice and experience. I recently heard a speaker that made me think about how dairy producers can become more adept at dealing with price risks and opportunities – and the consequences of not honing these skills.
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Essential preparations for more feed price volatility

October 9, 2012
Scott Stewart
How high could the corn price possibly go? $9? $12? $24? By when? These are the questions on the minds of many agricultural producers. Whether you produce corn or feed it, you want to know if the high is in or if it is yet to come.
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Is your dairy 'Great by Choice?'

June 19, 2012
Scott Stewart
Editor's note: This article first appeared in PDPW’s Dairy’s Bottom Line Tabloid, June 2012. It is referenced here courtesy of Professional Dairy Producers of Wisconsin (PDPW). Click here to read Progressive Dairyman Editor Walt Cooley's review of Great by Choice. "Think back to 15 years ago, and consider what’s happened since, the destabilizing events — in the world, in your country, in the markets, in your work, in your life—that defied all expectations. We can be astonished, confounded, shocked, stunned, delighted, or terrified, but rarely prescient.
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View All Articles by Scott Stewart
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