News

Little incentive for year-end grain marketing

An extension economist suggests there’s not much incentive for crop farmers to make a sale before year end.

Chad Hart with Iowa State University tells Brownfield his only reason would be if someone was looking to make some major input purchases at the end of the year.

“Lining up some sales along with that always makes sense to me.”

But otherwise, he encourages growers to stay put.

“As I’m looking out into 2023, I guess I’m sitting here going ‘if I’ve held on this long I’m probably expecting that seasonal bounce that we’ll see towards mid to late springtime. And that’s when I’m looking to actually put on, let’s call it a bulk of my sales.”

Hart says that could be pre-harvest marketing for the 2023 crop or moving old crop currently in storage.