marketing plan for soybean and corn

Corn producers started the new year with prices too low and too much in the bin. Corn at $4 is a problem but, to be fair, this is not a problem that started at harvest. The roots of this problem go back a full year, when too many producers decided not to play the pre-harvest pricing game. As I roll out my pre-harvest marketing plans for 2014, let’s review them with a commitment to not make the same mistake as last year.

My pre-harvest marketing plans are shown. They are simple and consist of two key elements - price targets and decision dates. They also involve a tactical question; Which pricing tool should I use?

My price targets begin with a minimum price objective that is consistent with my estimated break-even cost of production in 2014. I’m using minimum prices of $4.90 cash/$5.40 Dec’14 futures in corn, and $11.00 cash /11.60 Nov’14 futures in soybeans. The implied basis levels of 50 cents under in corn and 60 cents under in soybeans are consistent with southern Minnesota levels. You should adapt minimum prices (i.e., production cost estimates) and basis for your area. On the high side, price targets reach $7.40 and $15.20, respectively, in Dec’14 corn and Nov’14 soybean futures. Do these prices look too ambitious? Don’t worry – decision dates have a way of making my maximum price targets less important.

In my plan, decision dates are dates when I price grain, regardless of whether or not I reached a price target, as long as the price is higher than my minimum. Decision dates transform a marketing plan from a wish list to a real plan for action. I cluster decision dates in the March – June time period because spring is often a good time to price grain. But don’t forget your minimum price! I will ignore decision dates if prices are lower than $4.90 cash/$5.40 Dec’14 futures in corn, or $11.00 cash/$11.60 Nov’14 futures in soybeans.

Now, about that tactical question concerning which pricing tool – forward, futures or options contract – to use. This is really a question about basis and “upside” potential. If your elevator is bidding a solid and competitive basis for new-crop delivery, the forward contract is a good pricing alternative. If not, futures and HTA contracts buy time for the basis to improve. If you’re willing to pay the cost, options offer upside potential. The high cost of options is the main reason I prefer futures or forward contracts, particularly early in the plan when price targets are close to break-even levels.

If you adopt a plan similar to mine, you know that the market is offering you a chance to start pricing 2014 soybeans, while Dec’14 corn futures are 60-80 cents shy of my $5.40 per bushel minimum. Sometimes good marketing demands patience.

My pre-harvest marketing plan is not a plan to sell the high, and it won’t eliminate the anxiety that comes with pricing decisions. My approach is an attempt to find a good average price. It also helps avoid this year’s problem of prices too low and too much unpriced grain in the bin.

Planting Raddish

 

 Some of my learning experience of one my professors is planting, One of this is how to planting vegetables like lettuce, radish, and petchay, We planting as by group and we assign by our professor Mr. Edgardo Gonzales our professor in Entrepreneur (AgSci four). And before we planting vegetable, we cultivated the land that we assign to us and we used some materials that we will barrowed by kuyaAding, and after we barrow it. We cultivate again the land and some of my members are go to CES and to take a chicken manure in KuyaTano,and after we put the chicken manure we used wheelbarrow and we transfer it the flat that we will cultivate. And after days and the manure is already dry, we used our bare hands to cultivate again our four flats . We buy radish seeds and we plant it in our four flats, we measure it by using the rope, everyone flats have three layers and we plant the radish two pieces per planting, after we planting we used hose or sprinkler to spring the radish that we planting.

Ingredients:
1/2 kg Ground meat
1 tbsp Salt
50 grams Sugar brown
1/8 tsp MSG
1/8 tsp Prague Powder
1/2 tsp Black Pepper ground
1 head garlic minced (10g)
1 tbsp Anisado Wine
2 tbsp Cornstarch
1/4 cup pineapple juice


 PLASTIC LABO FOR PACKAGING,

 INGREDIENTS :

1. Place 1 tbsp Salt, 50 grams brown Sugar, 1/8 tsp MSG, 1/8 tsp Prague Powder, 1/2 tsp Black Pepper ground into a mixing bowl. Mix the ingredients until they are well combined.
2. Add 1 tbsp Anisado Wine and mix thoroughly until it becomes liquid.
3. Place the Ground meat and mix it with your hands.
4. Add 10 grams of minced Garlic and mix.
5. Add 1/4 cup of pineapple juice and mix well.
6. Add 2 tbsp cornstarch and mix until they are well combined. I find it best to use my hands because i can manage all the ingredients into the meat thoroughly.
7. Spoon 2-3 tbsp of pork mixture and wrap it in plastic wrapper provided. You now have a skinless
 longanisa.,


* Place your Skinless Longanisa in the refrigerator for 2-3 days for curing before you use or cook it.