The corn markets look bullish. Northland Community and Technical College Farm Business Management Instructor Betsy Jensen tells farmers to evaluate how much of their grain is unsold. It’s important to take a profit when possible. “In quite a few cases there are farmers who have 30 percent of their 2018 crop in the bin and they haven’t sold anything for 2019,” says Jensen. “Things do look bullish, but at a certain point farmers need to make sales. We’re at corn prices we haven’t seen in five years. If you’re bullish and still have substantial amounts of corn on hand you need to ask yourself why.” She tells farmers don’t leave money on the table. “I have sold 2019 corn. I don’t have 2018 corn left. Obviously, I wish I would have held off, but that’s part of risk management.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.