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New Crop Forward Sales Strategy
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doathlon
Posted 5/8/2024 21:30 (#10733818 - in reply to #10733805)
Subject: RE: New Crop Forward Sales Strategy


Forward contract some, HTA some. Be careful buying calls as they usually expire worthless since your buying time and time is always running out. Puts are okay in a high market like last year but probably a waste of cash in a market like this years. Don't hire a marketing firm as you won't learn unless you do it yourself. I would start with some small forward contract sales and HTA's. If after a few years you think you are a poor marketer, you won't be because young poor farmers generally have to make sales so there's less hope and pray in their marketing, than hire it out. I'm willing to bet you will be average or better
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