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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 Chris Hurt at hurtc@purdue.edu or by phone at (765)494-4273.

 

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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October 22, 2017

Introducing a Special Issue of Agricultural Economics on the World Food Crisis of 2007-08More

Now accepting applications for Natural Resources Leadership Development InstituteMore

Considering becoming an Agricultural Economics student? Please visit our Future Student pages.More

USDA National Needs Fellowships In The Economics Of Alternative Energy are available. For more information, download the pdf. More



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