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Feed Grain Marketing Plan Seminar

08 January 2010

US - A two-day short course, “Developing This Year’s Marketing Plan for Feedgrains,” will be taught Jan. 19-20 by two Texas AgriLife Extension Service economists at the Texas AgriLife Research and Extension Center in Amarillo.

Dr. Mark Welch, AgriLife Extension economist from College Station, and Dr. Steve Amosson, AgriLife Extension economist in Amarillo, will talk to producers about how price volatility in grain markets puts an even greater emphasis on a producer’s marketing skills.

The course runs from 8:30 a.m. to 3:30 p.m. both days. The registration fee is $125 and includes the cost of instruction, materials, lunch andbreaks. Registration is limited to 50 participants on a first-come basis, so pre-registration is required. The objective of this workshop is to gain a better understanding of the fundamentals affecting the feed-grains market for the upcoming year, Amosson said.

Specific topics include: developing a marketing plan, cost of production, current fundamentals including ethanol, feed use and exchange rates for exports, basis, technical analysis tools, cash and contract seasonality, and marketing strategies. The ultimate goal of the workshop is to develop a written marketing plan for the 2010 crop, he said.

“If you just pick up one or two pieces of information that allows you to add a dime to your sales price it will add $10,000 to $15,000 per section of corn depending on your yield,” Amosson said. “You spend a lot of time planning and growing the crop; why not invest some time in developing a solid marketing plan to sell it?”

For more information and the registration brochure, go to the Master Marketer Web site, http://mastermarketer.tamu.edu or contact Jane Planchon at 806-677-5600 or JAPlanchon@ag.tamu.edu.

Checks and money orders should be made payable to Texas AgriLife Account #222100-60021 and sent to Texas AgriLife Research and Extension Center, attn: Jane Planchon, 6500 W. Amarillo Blvd., Amarillo, Texas 79106-1796. For credit card payments, go online to register at http://agrilifevents.tamu.edu

TheCattleSite News Desk



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