What is your name and what type of ‘Ag Expert’ are you?
My name is David Derwin. I make hedging & risk management simple, straightforward & effective.
Where do you work, and what is your current job title?
My current role is Commodity Portfolio Manager at PI Financial Corp.
Explain your role and what a typical day looks like for you?
I help farm businesses protect revenue, manage risk and take advantage of pricing opportunities. A typical day includes studying market prices, analyzing charts, developing & explaining hedging strategies and meeting with clients.
What do you enjoy doing in your spare time?
I enjoy reading, travelling, fishing, cycling and the many craft & micro breweries across the Prairies
How long have you been working in the agriculture industry?
Almost 23 years, my first commodity trade was August 31, 1995.
What’s something producers are surprised to find out after meeting with a commodity broker?
There really is not a lot, nor should there be a lot, of trading on a daily basis in your commodity account.
What is something interesting, that people might not know about you?
My first real job was working on the trading floor of the Winnipeg Commodity Exchange.
What is your earliest agriculture memory?
Starting a tractor that was left unattended in the middle of a farm field when I was only seven years old.
What is your favourite part of working in ag? Travelling & meeting people.
What is the biggest lesson you’ve learned from growers over your career?
Farmers wear many hats and are very good at figuring out the many moving parts of running a business.
If you could only give growers one piece of advice when it comes to farm management, what would it be?
Use options & futures strategies to better manage your top line revenues and improve your bottom line.
Salty or sweet? Savoury
Favourite song? It depends on the mood
Name one thing you could never live without? Books
Who’s your hero? My two sons
In one word what do you attribute most to your success? Persistence