MSU to host Marketing and Input Strategies program to discuss securing profits and minimizing input costs

Jonathan LaPorte<laportej@msu.edu> and Molly Sears<searsmo1@msu.edu>, Michigan State University Extension -

A virtual program from MSU Extension aimed at helping you navigate grain and input markets.

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Speakers will discuss current market conditions and optimal strategies for putting your farm plans into action.

How do grain prices and market conditions influence revenue or product availability? What strategies can you take now to secure profits or prioritize future needs? Identifying your break-even crop prices and input needs are critical parts of maximizing yield potential and securing profits. In the Marketing and Input Strategies webinar program, speakers will discuss current market conditions and optimal strategies for putting your farm plans into action.

Session topics

  • Understanding market conditions. What are the current supply and demand influences on our markets? How do those influences affect our grain selling or input buying strategies?
  • Identifying needs and maximizing your farm’s cash. Are grain prices better now or should you wait to make a sale? How do products needed in higher amounts affect your grain selling decisions? Are there pricing tools available to help secure profits?
  • Prioritizing products to buy. Are there availability concerns with certain products? Can available alternatives meet your needs? How does on-farm storage play a role?

Michigan farmers need to manage many risks. Production risk brought on by weather, price risk from volatile markets and input cost risk can all be challenging to manage. To aid producers in managing or reducing impacts from these types of risks, MSU Extension is offering these Marketing and Input Strategies sessions as part of a new season of the virtual Farm Policy and Risk Management Series.

The last session will be held on Tuesday, December 3 at 6:30 p.m. with updated market information since the first session held previously on November 7.

The Farm Policy and Risk Management Series is a free program presented by Michigan State University Extension. To participate, registration is required. To register today, visit: https://events.anr.msu.edu/fprms/

This article was published by Michigan State University Extension. For more information, visit https://extension.msu.edu. To have a digest of information delivered straight to your email inbox, visit https://extension.msu.edu/newsletters. To contact an expert in your area, visit https://extension.msu.edu/experts, or call 888-MSUE4MI (888-678-3464).

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  • commodity marketing,
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