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Grain Marketing Tune Up in Vermillion

SDSU host workshop April 7.

A grain marketing strategy workshop is going to be held Vermillion, S.D. on April 7.

The workshop will be held from 10 a.m. until 2 p.m. at the Clay County Extension office, 515 High St., Vermillion. There is a $5 fee to cover cost of meals.

To register, call the Clay County Extension office at (605) 677-7111. Registration is encouraged to ensure an accurate count for lunch.

Heather Gessner, an SDSU Extension marketing/farm business management educator from McCook County, says the workshop's timing is important.

"This program will be a tune-up for producers who have not looked at market strategies other than cash contracts to the elevator in the last few years," she says.

The workshop includes evaluation of market strategies, including put and call options, futures contracts, and window strategies. It will also address crop budgets and address expenses in a time when input costs continue to increase.

SDSU Extension Grain Marketing Specialist Alan May says producers' questions on insurance will be answered during the workshop.

"Crop insurance plays an important role in marketing decisions," he says. "We will consider product types and coverage levels purchased during our discussions."

The South Dakota Cooperative Extension Service is sponsoring the workshop.

Source: AgBio Communications

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