Those in agriculture are keenly aware of risk. Commodity prices, labor availability and regulations all impact their businesses. The most unpredictable risk factor, however, is severe weather.
Seed corn production is particularly sensitive to severe weather events. Heat waves, hail storms and high winds can have a devastating impact. It can be especially destructive if one occurs just prior to, or during, pollination.
Historically, seed companies could rely on excess inventory from other companies to support a seed production shortage. Seed corn inventory levels are much lower and lineups are more unique. Lower quality or older genetics may be readily available, but high-quality, elite genetics can be hard to find or expensive.
Today, the best way to reduce the risk of seed loss from a weather event is to diversify seed product