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Grain
Marketing… Turning On-Farm Storage into a Profit
From Sam Custer
OSU Extension, Darke County
Matt Roberts, Associate Professor, OSU Extension and Grain Marketing
Expert, announced at last week’s 2016 Ag Outlook meeting that the grain
market outlook for the next couple of years does not look very positive
and that if farmers are not treating their on-farm storage like a
commercial elevator, they are “crazy”.
This was a perfect segue to an upcoming Grain Marketing Educational
meeting to be held at Romer’s, Greenville, Ohio on Thursday, March 10,
2016 at 9:00 a.m. The meeting is being hosted and co-sponsored by
Merchants Bank of Indiana, Ohio’s Country Journal and Ohio Ag Net and
Ohio State University Extension, Darke County…
Press Release continued… With corn and soybean prices trading at values
near or below breakeven points, it’s important to develop a marketing
plan that allows farmers the ability to try and capture potential
profits while minimizing risk. Jon Scheve of Superior Feed Ingredients
will be talking about what can influence markets in the upcoming year
and how to better prepare your operation for the opportunities and
challenges you will be facing.
Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon
graduation from The University of Nebraska in Lincoln, he became a
grain merchandiser and has been trading corn, soybeans and other grains
for the last 20 years, building relationships with end-users in the
process. After successfully marketing his father’s grain and getting
his MBA 10 years ago, he started helping farmer clients market their
grain based upon his principals of farmer education, reducing risk,
understanding storage potential and using basis strategy to maximize
individual
farm operation profits. A big believer in farmer education of futures
trading, Jon writes a weekly commentary to farmers interested in
learning more and growing their farm operations.
Jon will explain how on-farm storage combined with forward selling,
market carry and basis appreciation can provide added income. He will
also educate farmers how hedging with futures protects farmers from
risk and how options can be a great addition to a farmers' marketing
tool box.
The meeting will be held at the Romer’s, 118 East Main Street,
Greenville, Ohio, and will include a catered lunch.
Registration for the meeting is free (includes lunch) must be received
by March 5, 2016. A registration flyer can be downloaded at
http://go.osu.edu/grainmarketing or you can call the OSU Extension,
Darke County office at 937.548.5215 to register by phone.
For more information about the meeting, contact Custer at
custer.2@osu.edu.
For more detailed information, visit the Darke County OSU Extension web
site at www.darke.osu.edu, the OSU Extension Darke County Facebook page.
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