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NCND | As a farmer you have many stops mpci, hail and wind insurance ect.
I always have my targets in my head going up and down to reach my total gross dollars on prices. I have my bpa sold in my head for everything Akways. If I feel the crop is trimmed I make an adjustment in my sakes that very day so I don't end up Texas hedged. It's a constant dance but I sleep like a baby and can dance a mean salsa from all the practice;).
I also like to play what if scenarios in my head then when the scenario occurs I'm "practiced" and I execute my plan without a bunch of emotion getting in the way.
There are so many tools to mitigate risk I feel a guy should know them inside out and use them. They are every bit as important as a properly set planter or a timely rain IMHO.
Edit to add I am not afraid to fold and toss a bad hand and survive to play the next hand.
Edited by vailcat 1/29/2015 22:00
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Investment Question for futures traders.
