WOOSTER, Ohio — Grain marketing has become increasingly important in these times of tight profit margins and market volatility. How do you develop a grain marketing strategy? What do you need to know to market grain effectively? What kinds of marketing options are available and how do they work?
A grain marketing program sponsored by Wayne County Extension, Byrne Agricultural Marketing and Gerber Feed Services will be held on the evening of Feb. 27 from 7 to 9 p.m. at the Wayne County Career Center, located at 518 W Prospect Street, Smithville.
The program will take place in the Adult Education Building conference room. The Adult Education Building is located off at the west end of the Career Center. Take the driveway around past the Adult Education Building, passing beyond the chain link fence and park in the large parking lot that belongs to the Administration Building.
The program will feature Matt Roberts, former OSU Economics Department Professor and grain marketing specialist. Matt will cover the basics of grain marketing and provide insight into what is needed to develop an effective grain marketing strategy for the farm. Matt’s presentation entitled “Marketing Triage” will cover what to do with old crop stored in bin as well as early pricing on new crop 2017.
Jim Byrne of Byrne Agricultural Marketing will cover some of the grain marketing risk management services his business offers including hedging with futures and options. Jim’s presentation is entitled “Utilizing Futures and Options to Boost Farm Profitability.” Jim will talk about typical seasonal grain price patterns and how to take advantage of them using marketing tools. Gerber Feed Services will provide an update on services they offer to help with marketing decisions.
There is no charge for this meeting, but pre-registration to the Wayne County Extension office at 330-264-8722 is requested by Feb. 23 to help with planning handout materials and refreshments. Pre-registration can also be made by sending an email to Lewandowski.11@osu.edu.
— OSU Extension Wayne County