I am thinking Feb. would not be a good time to sell NC corn with out upside protection. With the current price of NC corn it looks like we would be getting a decent payment form the new ARC program. If you sell now and price goes up you could lose the ARC payment and you would not get the higher price or the ARC payment. Also the price for crop insurance has not been fully established yet so you could lose there also. I have some new crop sold and I am happy with the price but I am thinking about buying calls now to help protect the upside. I was planning on waiting until after planting to buy calls put I think this might move the date up on at least some of the call purchases for me. What are others thinking about the program right now? Maybe it is too early to be concerned about any farm program payments before all the details come out.
Edited by zmracing 2/5/2014 10:31
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