I'm kind of conservative when it comes to contracting. I like to know my crop is in the ground and have an idea as to potential ( I know most marketing experts recommend a quarter to one third of expected crop ahead). Wish I had the financial versatility to pursue puts and other options. My biggest issue is the financial soundness of the elevator making the contract. We have had more than a couple go belly up since I have been farming. Elevators here in New York are bonded but I know of plenty of farmers who were short changed in spite of this. A lot of them had to wait many months for any settlement. The fact that a lot of these fellas change the subject when that topic comes up tells me they really got it stuck to. The other issue is when the elevator gets creative to cover its short comings. This means dockage of all types (NO broken kernels/seeds, NO foreign matter, little slack on test weight, color/appearance issues). I would be interested in hearing others comment to what I said and maybe have more confidence in contracting (more so the people I'm dealing with) based on their opinion.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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