Hedging Optimizes Alternatives For Farm Marketing Tools
Diane Yeamans Baldwin reports that hedging in futures markets offers farmers flexible options to judge cash bids storage costs and forward contracts. Extension economists Mike Sands and Marvin Kline explain basis costs equal and opposite positions and how production hedges help cover costs while managing the market's highs and lows. A typical example shows calculating basis to compare cash and futures prices to decide when to hedge or lift contracts.
MENTIONED IN THIS ARTICLE
Diane Yeamans Baldwin
Mike Sands
Manhattan
Marvin Kline
Sands
Mississippi
Marvin Fausett
Chanute
Hedging and marketing strategies shift in farming profits
Farmers learn to hedge grain and livestock prices with storage costs and futures. Analysts stress predicting basis, storage implications, and choosing timing to cover costs while avoiding greed. Long term pooling and government loans offer price risk tools as agriculture shifts to selling method management amid volatile world markets.
MENTIONED IN THIS ARTICLE
Sands
Marvin Kline
Pro-Mar
National Farmers’ Organization
Kline
U.S
Farm Bureau Photo Contest Opens In Franklin County
Kansas Farm Bureau Women's Division sponsors a photojournalism contest themed Farm Family Key to the 80s. Entries 1 to 6 black and white photos with captions up to 200 words. Three classes: sixth grade, 9th to 12th, and adult. First prize 50 dollars, second 25 in each class. Open to Farm Bureau members. family photos require family membership. Entry blanks at Franklin County Farm Bureau office. Deadline July 10 to Kansas Farm Bureau Women's Division, Franklin County office.
MENTIONED IN THIS ARTICLE
Franklin County
Farm Bureau
Kansas Farm Bureau Women's Division
USDA May Change Milk Pricing Order Extension Noted
The USDA extends the comment period for an impact statement on a petition to alter reconstituted milk pricing under federal orders from Jan 2 to Feb 16. P R Smith cites requests from the National Milk Producers Federation and others due to the study's complexity and holiday timing. The petition, from Community Nutrition Institute and others, seeks removal of reconstituted milk from Class 1 pricing. a hearing is not mandated.
MENTIONED IN THIS ARTICLE
U.S. Department of Agriculture
P.R. Smith
USDA
National Milk Producers Federation-n
Washington
Federal Register
Community Nutrition Institute
Smith
Agricultural Marketing Service
Washington, D.C
Local Affairs Conference Draws Farm Bureau Leaders
Gilbert Gilges and Russell Sylvester, both Ottawa local affairs vice chairs, along with Almeda Edwards, Franklin County Farm Bureau policy chair, attended the Local Affairs Conference in Manhattan on January 8. The Kansas Farm Bureau Public Affairs Division sponsored the event, covering county government zoning procedures school board administration and use value appraisal of agricultural land.
MENTIONED IN THIS ARTICLE
Gilbert Gilges
Baldwin
Douglas County Farm Bureau
Russell Sylvester
Almeda Edwards
Franklin County Farm Bureau
Ottawa
Manhattan
Kansas Farm Bureau Public Affairs Division
Less Research Means Less Help For Farmers
Kansas State University dean of agriculture John Dunbar warned at the Experiment Station Conference that inflation erodes funding for research, risking higher food costs by 2000. He cited gains from wheat breeding and feedlot savings, urged increased support, collaboration with public agencies and private funders, and better public understanding of research’s role in meal costs and farm profits.
MENTIONED IN THIS ARTICLE
Manhattan
Wamed John Dunbar
Kansas State University
College of Agriculture
Kansas Agricultural Experiment Station
Dunbar
America
Kansas
U.S
Kstate
K-State Ag
K-State
Grain Used For Gasohol Hurts Market Stability
An Agriculture Department report warns corn used for fuel alcohol in gasohol raises food prices and fuels price instability through subsidies. It notes current costs of corn fuel are not cost-effective and calls for weighing oil import disruption against these distortions. Secretary Bergland cites market forces and policy balance.
MENTIONED IN THIS ARTICLE
Fausett
Washington
Agriculture Department
Gasohol
Agriculture
Bob Bergland
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