Usually, late November is a busy time for farmer meetings and webinars. This is also a time for farmers to consider making cash and new crop sales. The crop is in the bin, and for many farmers it is an important time to meet with lenders, agronomists, and marketing advisers, and begin to put the numbers together for this year and to make plans and budgets for the next crop season.
Let’s look at alternatives and strategies to use for the 2024 crops you need to sell. I cannot make one master plan for every farm, since everyone’s breakeven, storage, and debt level are different.
Question #1. Do the current cash price and crop insurance indemnity payments you have or will receive allow you to sell your grain at a profit?
Hopefully, the answer is “yes.” For many of you, the answer this year is “no.” That is why you …