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Cattlemen Know The Score

Petersen Says National Farmers Markets His Cattle Head and Shoulders Above Sale Barn Prices

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ices and NFO Crop Insurance to market and and NFO Crop Insurance lsFarmers marketing services to market and elp you protect your financial future. smart and protect your financial future. prket you protect your financial future.

NSURANCE PRODUCTS OFFERED RANCE PRODUCTS OFFERED

GRIP - HRO GRIP - HRO Group Risk Income Group Risk Income Protection with Harvest Protection with Harvest Revenue Option is a Revenue Option is a county-based revenue county-based revenue insurance product that insurance product that pays the producer in the pays the producer in the event the county average event the county average per-acre revenue falls per-acre revenue falls below the trigger below the trigger revenue level. GRIPrevenue level. GRIPHRO offers the producer HRO offers the producer

GRP GRP Group Risk Protection Group Risk Protection (GRP) is a county-based (GRP) is a county-based insurance product that insurance product that pays the producer in the pays the producer in the event the county yield event the county yield falls below the trigger falls below the trigger yield. yield. GRP is a flexible GRP is a flexible program that allows the program that allows the farmer to choose farmer to choose

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By Matt Brandyberry In last year’s August monthly crops reporting, corn yield was set above 180 bushels per acre. Then a rare storm, Derecho, passed through much of the Midwest causing destruction to buildings and crops. As harvest progressed, yields were found considerably lower than anticipated. World ending stocks also dwindled because of unexpected weather across the globe was not fit for bin-busting yields. Similar weather events have played out in 2021. This year, as lower domestic yields are seen, and voids of product to fulfill demands occur around the world, domestic corn ending stock estimates fell from nearly 3 billion bushels to just 1 billion bushels for the same crop year. This is the carry-in number for new crop. Soybean ending stocks a few years back were predicted above 900 million bushels and are now closer to 150 million bushels. Wheat ending stocks have also been lowered considerably. Sounds very bullish, but one question you may ask is whether a lot of the bullishness has already been factored into the market price. You may be hearing some bearish factors as you hop on the combine and fill up on new crops this fall harvest. 1) DEC 21 corn futures hit contract highs on May 7, 2021. DEC 21 wheat futures also scored contract highs on May 7. NOV 21 soybeans futures hit contract highs on June 7 this year. Since that timeframe, we’ve seen lower highs on upswings. 2) Charts show a massive gap formed July 5. Except for wheat futures, price action has been at or below the gap which has acted as resistance. 3) The frantic pace of exports has slowed somewhat. July was a slow export sales month. At the beginning of August, more export activity was noted, and with new supplies on the way, this activity could continue. By sticking with the Grain Marketing Plus framework, marketing decisions can be eased. If storage allows and the crop is found to be shorter than expected, global demand picks back up, or yields drop slightly, then post harvest prices for crops should continue to find support. Prices across the board have found support at levels not received in a long, long time. Producers need to get a marketing plan in place for crop year 2022 and lock in a small percentage, because the board has moved up considerably. Contact Theresa Seiler or myself for our latest marketing advice for your particular operation.

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APH APH This plan is also widely This plan is also widely known as “Multi-Peril” known as “Multi-Peril” crop insurance and sets crop insurance and sets a minimum yield a minimum yield guarantee for a crop guarantee for a crop operation by replacing operation by replacing the production shortfall the production shortfall at a specified indemnity at a specified indemnity price. price.


Marketing Together Is Still the Answer By Brad Rach No one reading this needs to be reminded of how rough our marketing road has been during the past several years. Mega-dairies are flooding our markets with milk, a pandemic turned the entire industry on its head, processors and retailers grow bigger and more powerful by the day. The list goes on. In spite of all these roadblocks, our dairy program is growing. In all my years as your dairy director, National Farmers has never handled as much milk as we do today. What is the secret to success in such troubling times? The times may be different, but the solution is what it has always been at National Farmers—great producers and a great staff. We have producers tough enough to take on whatever comes and adapt as they need to. And we have staff who are completely committed to the success of our member farmers. They live and breathe collective bargaining. In this issue of our magazine, we feature some of the ways National Farmers is working day in and day out to make sure you have the best markets for the milk you work so hard to produce. Success stories like these, and many more that we could feature, make me hopeful for the future and grateful to be working with such wonderful staff and farmers. There will always be potholes on the marketing road we travel. But never forget this—you are not driving alone, at least not if you belong to National Farmers. The country’s best farmers, supported by the country’s best staff, is a winning combination if ever I’ve seen one.

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Profile for National Farmers

September/October National Farmers Magazine  

National Farmers is an agricultural marketing organization for the nation's farmers and ranchers. Specializing in conventional and organic d...

September/October National Farmers Magazine  

National Farmers is an agricultural marketing organization for the nation's farmers and ranchers. Specializing in conventional and organic d...

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