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Iowa farmer likes idea of taking grain straight to elevator at harvest
A farmer in north-central Iowa likes the idea of taking his grain directly to market this fall.
Casey Schlichting of Clear Lake tells Brownfield it’s really hard to want to fill bins with corn and soybean prices at current levels.
“My opinion would be if you can sell into profitability and not have to put it in the bin, and then not have to sit in line at the ethanol plant, that’s a pretty solid win-win-win for me.”
He says as a coop board member, it would be nice to have wet corn delivered to the elevator needing to be dried.
“But as a farmer, it’s pretty nice to combine 16, 17, 18 percent (moisture) corn, take it in and get hit with the two percent drying fee and a little shrink. I’ll do that all day long rather than watch a dryer all day and all night for two months.”
Schlichting planted all his corn and soybeans in about four days earlier this month and says recent rains are helping get his crop off to a good start.
The smart thing to do would be to develope a marketing plan and forward contract for peridodic deliveries to the end user . When a large amount of any crop is “dumped” on the market at harvest, the prices usually fall rapidly .