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Programs: Grain Marketing in the Biofuels Era
Exciting times are here for Indiana producers. The enormous growth of demand for ethanol and the growing potential for soy biodiesel will put pressures on corn, soybean, and wheat supplies. The result will likely be a period of higher and much more volatile farm commodity prices. Higher and more volatile prices mean more risk, causing producers' incomes to be susceptible to wide fluctuations. This new era will bring opportunities to expand incomes through improved understanding of marketing techniques and by adapting marketing practices to the market conditions expected during this period.
The objective of this program is to improve knowledge in basic marketing skills with a particular focus on how these skills can be applied in the age of biofuels.
This program was offered in the winter of 2007 via IP Video. All of the materials are available below for self study. If you have any questions, contact Corinne Alexander at cealexan@purdue.edu or by phone at (765)494-4249.
Session Notes
Session One - January 22: The New ERA: Markets Instead of Government
Marketing Biofuels Powerpoint
Hedging Exercise : Answers
Streaming video of the Session (Windows Media Player Required)
Questions and Answers Session 1
Session Two - January 29: Options to Manage Price Risk in Volatile Markets
Marketing Biofuels Powerpoint 2
Options Exercise : Answers
Streaming video of the Session (Windows Media Player Required)
Questions and Answers Session 2
Session Three - February 5: Current and Future Pricing Alternatives at the Local Buyer
Marketing Biofuels PowerPoint 3
Biofuels Segment 3 Exercise : Answers
Streaming Video of the Session (Windows Media Player required)
Session Four - February 12: Market Decision Making In the New Era: What Works?
Marketing Biofuels Powerpoint 4
Evansville Area Grain Prices: 1986-2005 Crops
Central Indiana Speculative Returns to On-Farm Storage:1986-2005 Crops
Streaming Video of the Session (Windows Media Player required)
BACKGROUND MATERIAL
Agricultural Futures and Options: A Hedger's Self-Study Guide
http://www.cbot.com/cbot/docs/52302.pdf
Understanding Basis
http://www.cbot.com/cbot/docs/46577.pdf
How to Make More Money and Reduce Variability!
http://www.agecon.purdue.edu/extension/pubs/paer/2006/paer0106.pdf
Market Efficiency and Marketing to Enhance Income of Crop Producers
http://www.agecon.purdue.edu/pdf/market_efficiency0001.pdf
Do You Need a Market Advisory Service?
http://www.econ.iastate.edu/faculty/wisner/DoYouNeedaMarket.pdf
Offering Farmers Cash Contracts
http://www.agecon.purdue.edu/pdf/biofuels0001.pdf
Cash Market Storage Returns for Corn
http://www.agecon.purdue.edu/extension/pubs/paer/2005/paer1005.pdf
Forward Pricing Practices of Indiana Soybean Producers
http://www.agry.purdue.edu/ext/coolbean/SPS_2006/SPS-101.pdf
Pre-harvest new-crop corn and soybean pricing strategies
http://www.agecon.purdue.edu/pdf/preharvest.pdf
Presenters
Corinne Alexander - Assistant professor at Purdue University serving as an Extension specialist in the area of grain marketing for both commodity and specialty markets.
Chris Hurt – Professor at Purdue University serving as an Extension specialist in the area of livestock and meat marketing. Professor Hurt's areas of specialty include examination of family farm market problems, pricing strategies, and livestock futures market problems.
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