Developing a post-harvest marketing plan when prices are low can be difficult. This article offers information for wheat growers on federal price support options through crop insurance, farm bill program payments or Marketing Assistance Loans or Loan Deficiency Payments.
When owning or working on a farm or a ranch, you wear many hats. You are an agronomist, a mechanic, a truck driver, a marketer and a family mediator. But what about when you need professional advice and guidance?
Farmers know that yield risks vary across the state; however, the ability to compare yield risk between counties is new. Using crop insurance premium calculation data, we can quantify the expected insurance payment (or indemnities) by evaluating the county crop insurance reference rate. A high reference rate value implies higher historical payments and consequently more production risk and a higher crop insurance premium. Lower reference rates imply lower risk and lower premiums. Risk varies widely from one end of the state to the other, highlighting the need to consider general recommendations broadly and customize decisions to your data and situation. County-level risk maps for irrigated and non-irrigated corn production in Nebraska are included.
Does grain marketing seem too complex? Are hesitation or fear clouding your confidence in developing and sticking with a marketing strategy? Regularly and successfully using these four practices ― such as subscribing to daily alerts from your elevator and tracking your local basis ― can help provide the information you need to improve your grain marketing.