AmericanFarm.com

Crop forecasts focuses on grain marketing skills

COLLEGE PARK, Md. (Jan. 5, 2015) — To help farmers manage lower grain prices, crop insurance changes and cost of production, the University of Maryland Extension is reviving its regional grain marketing workshops in 2016.
The “Winning the Game” grain marketing workshop was developed by the University of Minnesota Center for Farm Financial Management and adapted to Maryland cropping systems.
These workshops simulate real-life grain marketing decisions, enabling farmers to practice marketing without the risk of losing actual money.
During the workshops, participants learn about marketing and put their marketing skills to work, making grain-marketing decisions based on actual market information.
In “Winning the Game: Launch Your Pre-harvest Marketing Plan,” participants review an actual marketing plan, exploring how target dates and target prices can help producers more consistently secure a good average price for their crop.
Through the game in this workshop, farmers get a feel for how a marketing plan can work and react to real-life market fluctuations.
Pre-Harvest Marketing Workshops:
• Jan. 6: Chesapeake College, Contact Shannon Dill, 410-822-1244 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
• Jan. 26: New Market Fire Hall, Contact Doug Tregoning, 301-590-2809, or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
• Feb. 2: Washington County Extension Office, Contact Jeff Semler, 301-791-1304 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
• Feb. 9: Upperco, Friendly Farms, Contact Dave Martin, 410-887-8090, or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
• Feb. 17: Hughesville, Contact Ben Beale 301-475-4484 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ;
• Feb. 19: Wicomico County Extension Office, Contact Jarrod Miller 410-651-1350 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; and
• March 1 Carroll County Extension Office, Contact Bryan Butler, 410-386-2760 or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Workshop times vary so contact the site coordinator for more information.
The cost of the workshops are $10 which includes refreshments and materials. Pre-registration is required.
On Friday, Jan. 29, UME is holding a grain marketing update breakfast from 7:30 to 11 a.m. in Queen Anne’s and Somerset counties.
The event will be held at Chesapeake College in Wye Mills, Md., but available via live webcast at the Somerset County Extension office in Princess Anne, Md.
The cost is $15 to attend at the Wye Mills location and free to attend in Princess Anne.
To attend at Chesapeake College contact Shannon Dill at 410-822-1244.
To attend at the Somerset office contact Jarrod Miller at 410-651-1350.
Scheduled for the Jan. 29 event is an update on Farm Bill commodity elections and crop insurance, grain market outlook and tax considerations in grain farming.
University of Maryland Extension has also posted its 2016 crop budgets online at www.extension.umd.edu/grainmarketing.