Grain
Marketing Webinar Series to be Offered Online
From
Sam Custer
OSU
Extension, Darke County
Growers,
who want to experience grain marketing using real-world strategies
without any of the real-world risks, can take advantage of a series
of courses taught by Dr. Matt Roberts from Ohio State University’s
College of Food, Agricultural, and Environmental Sciences.
Participants
will learn how to use futures and options; make a marketing plan to
fit their farm business; use crop insurance as a grain marketing
tool; and how to understand financial statement analysis in
relationship to their grain marketing plan.
The
courses, to be offered Jan. 7 and 21; Feb.4 and 18; and March 4, will
be taught online and will offer participants the ability to
experience grain marketing simulations using marketing options
commonly used in grain marketing without the risk of actually taking
a position on real bushels. The series of online courses enables
farmers to log in from the comfort of their home office allowing more
people access to the courses.
Using
the Commodity Challenge, a program managed by the Center for Farm
Financial Management at the University of Minnesota, growers will
participate in a grain marketing simulation exercise that allows use
of all the marketing options used in grain marketing without the risk
of actually taking a position on real bushels. The online-trading
simulation features real-time cash, futures and options quotes for
corn, soybeans and wheat from local markets here in Ohio.
Participants can use basis contracts, puts, calls, and can sell cash
on the market, basically all of the tools we have in real life
without any of the real risk of marketing real bushels.
The
workshops are from 11:30 a.m. to 1:30 p.m., with each course building
on information taught in the previous course. Participants missing a
session will have the opportunity to view a recording of the webinar
if they want to learn the information. Registration for the online
classes is $135, but each participant can earn part or all of the
cost back through their participation in the course.
Part
of each participant’s registration costs will be placed in a pool
that will be distributed back to participants based on how well they
market their grain in the commodity challenge. Those who sell their
challenge grain for the average of all course participants will earn
a refund of $100 from their registration fee. Those who do above the
course average will earn more than $100 and those who do less than
the course average will receive less than $100. The refund is an
incentive to give participants a reason to do as well as they can in
the commodity challenge.
Additionally,
participants will want to check with their local Extension office to
see if supplemental meetings will be held. Some ANR Educators will be
meeting with participants in supplemental meeting to further enhance
the grain marketing course and assist with questions participants
might have.
Registration
can be found at https://www.regonline.com/grainmarketing. There is a
$25 non-refundable service fee for cancellations. For more
information about the program, contact Bruynis at bruynis.1@osu.edu
or 740-702-3200.
For
more information about OSU Extension, Darke County, visit the Darke
County OSU Extension web site at www.darke.osu.edu, the OSU Extension
Darke County Facebook page or contact Sam Custer, at 937.548.5215.
Download
the flyer here
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