Under the freedom to farm act, the government will no longer be the vehicle for farmers to market grain. This means producers need to be even more aware of all marketing options available. Commodity broker expert, Gene Hamaker, says farmers need to take advantage of key management strategies that may come their way. He recommends that producers buy crop insurance this year to take advantage of lower premiums. Hamaker also says producers need to be prepared for higher prices as well as lower.
Education is as important as production to stay in business.
Hamaker believes that producers need to spend time during the winter months learning about what is available to them in the marketplace, learning how markets work, what tools to use, and when they need to use those tools. Contact your extension office or commodity broker for more about marketing options.