Since the start of the 2019 UNL-TAPS wheat marketing competition, the July 2020 Kansas City Hard Red Winter Wheat Contract has rallied over $0.70 per bushel. So, what are some marketing strategies given the current market price?
As repairs continue on the collapsed tunnel in the Goshen/Gering-Fort Laramie Canal, unanswered questions remain about whether crop insurance will cover crop losses. Until that's determined, farmers in the affected area need to manage their crop as if water will return to the canal.
Uncertainty about national grain production as well as local yields has put farmers in a tough place. Should they sell growing crop now, or wait? This articles looks at two examples as well as what to consider with a hedging strategy.
If wet conditions kept you from getting all your corn planted by the final RMA planting date for Nebraska corn, there are other options to consider. This article was revised June 7 to clarify and correct information on planting another crop on ground claimed for prevented planting for corn. On June 20, 2019, RMA changed the deadline after which haying and grazing would be allowed on cover crops planted on prevent plant acres from November 1 to September 1.
Farmers who have lost wheat because of harsh winter weather should consider the crop insurance implications of planting another crop. This article examines crop insurance considerations for producers who selected the “Winter Coverage Endorsement.”
Farmers affected by early spring flooding likely have increased yield risk from changed soil characteristics, excess moisture, or late planting and may want to consider adjusting their plans for 2019 grain sales.
This article provides guidance on adjusting rental rates for flood-damaged cropland with different lease characteristics, including having that important landlord-tenant discussion this spring before planting.