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| Fees range from 6-10 cents. No less, no more. Soy is 10, regardless of length of marketing period or crop year. Corn starts at 6 and goes to 10 for two year programs. In some years, I agree it takes a lot to overcome that amount but as of late, volatility has made it somewhat of a mute point.
The cost of production conversation is another animal in itself. The thing that often is forgotten is the follow up service and conversations. A relationship and risk management does not start nor end with this single transaction. Instead, the follow ups and next steps are the real dough winners. Understanding exposure, creating a plan to manage that exposure and most importantly, executing that plan. Hindsight is hindsight. Can't do much about it. But you can learn from previous experiences and apply those lessons to the future. You also know that the market is not always guaranteed to put much care into break-even prices and it's nearly impossible to grasp thousands of individuals break-evens and lump them together and execute based upon that philosophy. Tough nut to crack but it doesn't fall on deaf ears and it certainly isn't a goal to market below COP either. | |
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I Will Invite
