From historic cold to flooding, slow planting, record prevent plant and now late maturing crops, it's been a roller coaster of a year for the American farmer. AgDay's Clinton Griffiths recently asked Matt Bennett with AgMarket.Net about what lessons he'll take away from 2019.
"Well, there's a lot of things to learn here out of 2019," says Bennett. "It doesn't really matter what kind of start you get to the crop, what kind of weather you have during the summertime, what really matters when it comes right down to it is what are the USDA numbers on these crop reports."
Bennett says the August report from USDA changed the market's direction and taught him about the importance of protection.
"When you're in historically profitable areas, which we were at multi-year highs, just simply buy some puts, get a floor under yourself and get yourself some protection," says Bennett.
Watch the video to hear Bennett's full comments.
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