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
Every growing season has its own set of challenges, and 2023 is likely to be no exception. Prices for grain and oilseeds are strong coming into the year, but high input prices are likely to continue to press farm profitability. In addition, industry projections for 2023 farm income are not as rosy as in the past couple years, so it’s important from an insurance standpoint to make sure you’re covered and taking advantage of everything you can in the marketplace.... 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
Location is everything in real estate, and it certainly plays a significant role in farming as well. Located two hours south of some of the best soil in the world, Habbe Farms of Nashville, Illinois, isn’t blessed with such productive ground. But its location near river terminals in St. Louis helps deliver a premium price for grain and a cheaper price for fertilizer.... Read More