Grain sampling is one of those best practices at harvest that we sometimes take for granted. It doesn’t take much to do it well, but we need to be consistent and thorough. And once you have the results, they are fundamental to your marketing and inventory decisions.
I recently published a blog that highlighted the value of sharing more than just agronomic best practices and insight during summer field tours. I also commended FarmLink for their efforts to refresh the old Grain World Summer tours and sharing their data with growers. And, it got me thinking. Most of us come out of the summer tour season with certain verbiage top of mind. How do some of those terms translate when we’re talking grain marketing? Let’s find out. Here’s a list of agronomic terms put into a grain marketing perspective.
The summer season is a time for spraying, holidays, and even some learning opportunities. There are always field tours to give you information about the effect of different nutrients, fungicides, herbicides, and seed genetics. It’s exciting. But while there are lots of opportunities to educate yourself about how to grow better crops, where are you with getting better at your marketing plan?
Diving into the details of farm labour costs can feel like you’re opening a Pandora’s box. But it’s an important Pandora’s box to open. Just like calculating things like annual fuel costs, putting firm numbers to farm labour costs help you determine your overall production costs, break even point, and profitability. And those are the keys to the financial success of your farm.
Understanding your crop production costs – regardless of the crop you’re growing – is vital. You can’t understand your cash flow or your profitability without first understanding your crop production costs.