Don't Be Embarrassed to Make Money, Have Marketing Plan in Place

February 10, 2017 02:24 PM
 
 

A lot changes in a year: stronger prices, weaker prices, more demand, less demand. At the Northern Soybean Expo in Fargo, U.S. Farm Report’s John Phipps spoke to a panel of analysts to get their thoughts on the year ahead and the strategies to get there.

Tommy Grisafi, Advance Trading, Inc.
“Three points to remember:

  1. Watch out for fake news. We’ve never had more access to information and the experts get it wrong.
  2. If the experts are so smart, why do they have a day job?
  3. Understand what your risks are at your farm—that’s the only farm that matters."

DuWayne Bosse, Bolt Marketing
“February is usually a little bit slower in markets. It’s a good time to look at your own operation, look at your own breakeven levels, and have a marketing plan in place for the year.”

Tregg Cronin, Halo Commodities
“This is going to sound odd talking to a group of soybean farmers, but one market to keep an eye on this coming year is going to be spring wheat. As everybody is running one direction, it’s often a good time to walk the other way quietly.”

Watch the full marketing roundtable discussion on U.S. Farm Report this weekend. Check your local listings or visit the site.

Back to news


 

RELATED CONTENT

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close