Managing for Profit
Iowa State specialist emphasizes ‘managing crop margins’
Iowa State University extension farm management specialist Steve Johnson is a popular speaker on the Midwest winter farm meeting circuit. Johnson says one of his messages to grain and soybean farmers this winter will be that they must do a better job of managing crop margins. He says the current market is a good case in point. “When I look at the 2011 crop, I’ve never seen the type of profit margins available, six months before we ever put the crop in the ground,” Johnson says. And Johnson says more farmers should be using futures and options strategies.