When you are developing a grain marketing plan, it is important to ensure that you have all of the information you need to make the best decision possible.  Information from the cash and futures markets will provide you with the numbers from which to base your grain marketing decision making.  This article will provide you […]

There are four major steps in developing your grain marketing plan. Step 1: Determine expected crop production and cost of production As the first step in developing your marketing plan, you should detail the basic information about the crop to be marketed, including the expected crop production. The proportion of expected production or expected crop […]

There are four major factors that influence a grain marketing plan. These are personal feelings and attitudes about marketing, the financial needs of the farm business, seasonal price patterns, and the current price outlook. Personal feelings and attitudes about marketing The first factor is your personal feelings and attitudes about marketing. Each farmer will differ […]

Most farmers develop excellent crop production plans each year, including strategies for weed control, fertilization, tillage, and match these practices with financial resources. A grain marketing plan identifies a farmer’s specific price objectives as the production and/or storage season progresses. The marketing plan identifies strategies available to achieve the specific price objectives. Like successful production […]

Fixed costs are those expenses that occur regardless if we grow a crop or not. Variable costs are those cash expenses needed to grow, harvest and store a crop

The Crop Enterprise Budget Tool spreadsheet developed by the Division of Extension at UW-Madison provides a straightforward method to arrive at a cost of production for crops on a per acre and per bushel basis.