LAMBERTON, Minn. — You might be surprised to learn that every producer in the Northern Plains had a chance to get $4 cash corn in each of the last five years – years when harvest prices ranged from $2.80-$3.30 per bushel. How? By taking the long-view in marketing with a plan that combines pre and post-harvest marketing efforts. Producers are invited to attend a How to get $4 Corn workshop to learn more about these key marketing efforts. University of Minnesota Grain Marketing Economist Edward Usset is field testing this brand new workshop at the U of M Southwest Research & Outreach Center on Friday, July 19th from 9:00 a.m.-12:30 p.m.
In How to get $4 Corn, Usset will lead a simulation game where producers explore three steps towards getting $4 – or more – for their corn. The workshop will cover grain marketing from start to finish, including three key steps: 1) pricing grain before harvest, 2) storing grain at harvest and rolling the hedge forward to spring, and 3) pricing and delivering grain with a better spring basis.
Edward Usset serves as a Grain Marketing Economist for the Center for Farm Financial Management at the University of Minnesota, the developers of FINPACK software. Working with his colleagues at CFFM and in extension, Ed developed the award winning “Winning the Game” series of workshops. In addition, he manages Commodity Challenge, an online marketing education game. He teaches “Commodity Markets” at the University. The 2nd Edition of his book, “Grain Marketing is Simple (it’s just not easy)” was released in 2015.
The How to get $4 Corn workshop is free, but participants must pre-register by July 12th. Pre-register by contacting Gretchen Thillen at firstname.lastname@example.org or (507) 752-5094. Lunch will also be provided.
This workshop is sponsored by the Southwest Minnesota Farm Business Management Association and University of Minnesota Extension.
— University of Minnesota
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