May 9, 2019
With unpredictable crop prices and tight margins, marketing can make the difference in the profitability of corn and soybean production. How well farmers get paid for a year’s worth of work can be wrapped up in just a few marketing decisions.
A four-session Women Marketing Grain Series will be offered to assist women in developing plans for marketing old- and new-crop corn and soybeans. The course will begin June 6 and meets over four consecutive evenings — June 13, 20 and 27 — at the Des Moines Area Community College’s Boone Campus, 1125 Hancock Drive. Registration is due May 30.
In this course, women will learn how to manage price risk, using tools like forward contracts, futures and options contracts, alternative marketing contracts, and crop insurance. Participants will work in a computer lab to access online decision tools and develop a marketing plan. Women will learn market strategies and how to stay on track for long-term marketing success.
Specifically, students in this course will gain insight and develop skills to:
recognize crop marketing terms and obtain sources of information on current futures and cash market prices
understand basis, futures carry, cost of grain ownership, supply-and-demand fundamentals and technical chart signals
recognize seasonal price trends
use crop marketing tools, including spot cash sales, forward contracts, hedge-to-arrive contracts, futures hedging, and the use of put-and-call options
develop a crop marketing plan
Classes are from 6 to 9 p.m., with a meal served at 5:30 p.m. Registration costs $75. Register online, or contact Alex Merk at 515-432-3882 or [email protected].
This program is made possible with support from Farm Credit Services of America, USDA, Des Moines Area Community College, Landus Cooperative and the Iowa Farm Bureau Federation.
Source: ISU is responsible for information provided and is wholly owned by the source. Informa Business Media and subsidiaries aren’t responsible for any content in this information asset.
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