Expert Advice on Navigating Uncharted Waters

January 27, 2017 02:48 PM

This year at the Top Producer Seminar in Chicago, grain prices in the coming year were on a lot of producers’ minds.

During the U.S. Farm Report taping, Mark Gold of Top Third Ag Marketing, Matt Bennett of Bennett Consulting, Peter Meyer of PIRA Energy Group, and Chip Flory of Pro Farmer gave the audience key pieces of advice to take away.

Mark Gold, Top Third Ag Marketing
“One of the most important things we can tell you is you need to be protecting your soybean prices out here and protecting.”

Matt Bennett, Bennett Consulting
“I’m encouraged as compared to a year ago. I’m encouraged by the profitability of corn, very encouraged by soybean prices.”

Peter Meyer, PIRA Energy Group
“We’re in uncharted waters. There are no politicians in Washington controlling your policy anymore.”

Chip Flory, Pro Farmer
“On corn, soybeans, get started. Don’t get crazy on the new crop marketing. At the same time, the production in 2017 in both corn and soybeans is probably going to fall short of our total use.”

Watch the full roundtable discussion on U.S. Farm Report.

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