Matt Roberts, Associate Professor, OSU Extension and Grain Marketing Expert, announced at last week’s 2016 Ag Outlook meeting that the grain market outlook for the next couple of years does not look very positive and that if farmers are not treating their on-farm storage like a commercial elevator, they are “crazy”.
This was a perfect segue to an upcoming Grain Marketing Educational meeting to be held at Romer’s, Greenville, Ohio on Thursday, March 10, 2016 at 9:00 a.m. The meeting is being hosted and co-sponsored by Merchants Bank of Indiana, Ohio’s Country Journal and Ohio Ag Net and Ohio State University Extension, Darke County.
With corn and soybean prices trading at values near or below breakeven points, it’s important to develop a marketing plan that allows farmers the ability to try and capture potential profits while minimizing risk. Jon Scheve of Superior Feed Ingredients will be talking about what can influence markets in the upcoming year and how to better prepare your operation for the opportunities and challenges you will be facing.
Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 20 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA 10 years ago, he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.
Jon will explain how on-farm storage combined with forward selling, market carry and basis appreciation can provide added income. He will also educate farmers how hedging with futures protects farmers from risk and how options can be a great addition to a farmers' marketing tool box.
The meeting will be held at the Romer’s, 118 East Main Street, Greenville, Ohio, and will include a catered lunch.
Registration for the meeting is free (includes lunch) must be received by March 5, 2016. A registration flyer can be downloaded at http://go.osu.edu/grainmarketing or you can call the OSU Extension, Darke County office at 937.548.5215 to register by phone.
For more information about the meeting, contact Custer at firstname.lastname@example.org.
For more detailed information, visit the Darke County OSU Extension web site at www.darke.osu.edu, the OSU Extension Darke County Facebook page.