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Moorhead, MN | Only "easy" way is to use HTAs at your elevator or straight futures hedges.
I like Tara's idea but selling the call only generates $.22 of income. Won't seem like much if the market drops $1.00+
My advice is to know what price is a "good" price for your farm (my definition of "good" is a solid $25-50 per acre profit, in W ND terms) using realistic but conservative yields. If you are presented with that opportunity, sell 20%. I'd be cautious to do more than 40% before the crop is in the ground
On another note, I grew up in Williston and own a small farm about 20 miles NW of Williston. Next time I'm out there I should swing up your way | |
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2015 corn marketing thought for farmers
