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The Buzz: Crucial Decisions Due To Protect Profits

The Buzz: Crucial Decisions Due To Protect Profits

USDA reports and Ukraine grab headlines, but crop insurance is the real key now

Grain futures remain volatile after the winter rally, with uncertainty of Ukraine and the March 10 USDA report reverberating through the market. But farmers should focus on their bottom lines, says Farm Futures Senior Editor Bryce Knorr.

Signup deadline for crop insurance on spring planted crops is March 15 many places. Guarantees for corn and soybeans are lower this year, but the average grower can still guarantee a profit with the right combination of risk management moves.

USDA reports and Ukraine grab headlines but crop insurance is the real key now

Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

The Buzz is a weekly video feature where the Farm Futures team takes a more in-depth look at key topics impacting the markets.

TAGS: USDA
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