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2015 acres
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Boone & Crockett
Posted 9/15/2014 09:30 (#4075403 - in reply to #4075373)
Subject: RE: For pete's sake guy's


Clay SEIA - 9/15/2014 09:11

Less than 10% of farmers forward sold ANY crop this year?  I will totally agree that a majority of farmers are probably "undersold" by marketing guru standards, but to say that over 90% of farmers have ZERO 2014 crop on the books seems a real stretch.  Any facts to back up that statement?

Actually, Clay, I believe the number is 1/6th the bushels forward sold vs. same time frame last year, which works out to 16ish percent. Those $8 dollar august bids of recent years made many a former good risk manager complacent this year, my self included. Even though I have 58 bu. acre sold with a 5 in front, that's still a pizz poor historical percentage sold for me. Talked to my merchandiser when July '15 hit $5.25 about doing another 58 bu., hung up the phone and thought I'd have more than 10 minutes to think about it. I was wrong.
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