Chris Barron, author of the AgWeb.com blog "Ask a Margins Expert" says that one of the most important things for farmers to consider as the March 30 USDA report approaches is locking in crop insurance.
"You have to know what the gap is between your crop insurance coverage and your cost of production," he says.
Barron also encourages farmers to take advantage of locking in good price opportunities through puts and options. He says that in most cases puts will be about half of what they were last year but they are worth considering to manage risk.
Learn more about preparing for the March 30 USDA reports and how they could affect your profitability from Chris Barron: