20 Miles West of Indianapolis Indiana | Here's what I do...
i dont own a bin I can put beans in. So I buy RP insurance with HRO at the 85% level and will forward contract up to that guaranteed level. I sell all my beans in the fall off the combine. So for me it is advantageous to have that ability and not have to sell a majority of my crop at typical seasonal lows. I also use that money to pay fall rents and crop insurance bill.
For corn I have enough storage to store my entire corn crop (unless it's a big record crop) and I take a CCC loan on it. So for corn I wait for seasonal summer highs to sell and use that CCC money for winter/spring/summer bills and operating money. I currently use GRIP/HRO or by whatever the new name is called crop insurance on my corn acres |
"Sell up to your bushel guarantee"
