What is Basis? When you sell a load of grain locally, you receive a price that is different from the futures price. This difference is termed ‘basis’. Basis is simply the difference in value between what the futures market says a bushel of grain is worth and what a buyer will pay for that bushel […]
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 […]
This update aims to provide stakeholders with a comprehensive overview of the current market conditions, facilitating informed decision-making in the dairy sector.
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.
Every five years the USDA undertakes a detailed inventory of farming operations across the country. The most recent 2022 Census of Agriculture provides a snapshot of the nation’s farming economy, including demographics, production practices, land use, and economic trends.
There are four strategies that can be pursued to help manage farm business risks.
Understanding how a farmer’s own risk preferences and that of others affect the risk management decisions made for the farm business is important.
Let’s look at the concept of price risk with an example of the average monthly corn prices in the United States.
The greater the uncertainty, the greater the risk.
The more likely a negative factor will occur, the greater the risk potential.
The Federal Crop Insurance Program (FCIP) provides insurance coverage for the production of most U.S. agricultural commodities against financial losses caused by adverse growing and market conditions.
Grain markets have been noted in history as early as during the Roman Empire.
Dairy producers need to stay informed about the latest developments of the Dairy Margin Coverage (DMC) program so that they can make timely and informed decisions for their operations.
This presentation given for Hoard’s Dairyman provides an overview of dairy markets, examining recent trends and future directions dairy demand and pricing could go.
The House of Representatives cast votes on the Whole Milk for Healthy Kids Act (House Resolution 1147) . Whereas, the bill revised requirements for milk distribution under the National School Lunch Program, managed by the Department of Agriculture (USDA).
