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Ag marketing clubs to compare storage to other crop marketing strategies and tools

November 12, 2017
Reinbeck Courier

Large volumes of bushels stored unpriced after harvest along with cash flow constraints will challenge many Iowa farmers this late fall and winter. So does storing grain really pay? Storing those unpriced bushels likely requires a crop marketing plan with price and time objectives along with an understanding of how to use a variety of marketing tools.

Learn to assess your own storage costs and compare these costs to other crop marketing strategies. Attend one of the 3 Central Iowa Ag Marketing Clubs will that host meetings in mid-November all beginning at 6:30 p.m. and doors opening at 6 p.m.

Tuesday, Nov. 14 Lynnville, First State Bank, 413 East St.

Wednesday, Nov. 15 Conrad, Mid Iowa Co-op Grain Merchandising Office, 209 N. Lincoln St.

Thursday, Nov. 16 - Ogden Community Center, 114 SW 8th St.

The featured speakers will be Steve Johnson, Farm Management Specialist and Ray Jenkins, Grain Marketing Extension Educator, both with ISU Extension and Outreach. They will team teach on the topic "Comparing Grain Storage to Crop Marketing Strategies & Tools." Participants will move beyond just "store and wait for better cash prices" or "sell when there are cash flow needs." Learn to be proactive in timing sales and utilizing tools such as minimum price and basis contracts.

Club meetings are open to the public and there may be a small fee that can be paid at the door. For further information, please contact the Poweshiek County Extension Office at (641) 623-5188, the Grundy County Extension Office at (319) 824-6979 or the Boone County Extension Office at (515) 432-3882.

For more information on ISU Extension crop marketing education including videos, a marketing tools workbook as well as basis and cash price tracking tables, search



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