With the turn of the calendar, we’re off to a new year and working toward new goals. Coming into 2023, crop prices are historically strong, but input prices remain elevated as well. Each year sets up differently as far as a profitable grain marketing plan is concerned. That’s why now is a good time to review your approach for the season ahead and consider factors that can make a significant difference in your profitability and future.... Read More
Following a strong two-year run, corn futures remain near the upper end of their historical price range. To protect these prices, producers can utilize a contract like the ASP to forward price a percentage of expected production during a seasonally strong time of year.
By taking advantage of an ASP contract, you will benefit from:
Diversifying your grain marketing portfolio
Leveraging an automatic execution component in your grain pricing program
Capturing seasonal price advantages,... Read More
There’s some comfort in routine right now. For producers, there’s another crop to plant, harvest, and distribute – and it all starts right now.
One thing that’s not routine, though, is making a profit. Challenging markets continue, and that calls for careful planning once again. Regardless of circumstances, here are five basic actions within your control:
Leverage your crop insurance investment
Lower your input costs
Maximize your grain marketing revenue
Use the buddy system
In Episode 29 of In the Driver’s Seat,... Read More
Many farmers have been practicing conservation ag for decades, focusing on everything from soil health to the legacy they’re creating for their children.
Now, as more consumers are looking for sustainably sourced foods, ADM is working with farmers to provide incentives and rewards for conservation practices, and bringing the supply chain together around practices that will keep farms healthy and prosperous.... Read More
It’s hard to believe we’ve turned the page on 2019. Maybe you’re reviewing what went well (or what you could improve upon) and are making plans to step up your game in 2020.
There’s a lot of wisdom in experience. In that spirit, we’re bringing you highlights from some of our best episodes of In the Driver’s Seat.... Read More
These are challenging times in the ag sector, especially for farmers who didn’t get in a whole crop this spring. You may need to reapply for financing. Whether it’s getting an operating loan to put in the new crop, getting financing for expansion, or just making it through a rough patch, there are things you can do to be a good lending risk.... Read More
It’s mid-way through the growing season, with harvest around the corner. If you still have some bin bushels to clear out, you face marketing decisions on two crops—old and new.
That’s a lot of risk to manage at one time. While you shouldn’t make pressured decisions, be aware that time may be running out for good marketing before combines roll and grain moves into the market.... Read More