Producers are lucky to have several different options when it comes to merchandising grain, including some that take place before the product is delivered from the farm but do not entirely eliminate price risk so USDA has offered clarification for what counts as an 'unpriced bushel' in inventory under the CFAP program. The list of eligible contracts in existance on or before January 15th are: Basis Contract, Basis Fixed Contract, No Price Established, Delayed Price, Deferred Price Contract. Those contracts which are INELIGIBLE are: Cash Contract, Fixed Price Contract, Forward Price Contract, Cash Forward Contract, Minimum Price Contract, Option Contract, Window Contract, Hedge to Arrive, Futures Fixed Price, Futures Contract.
Our friends at Iowa State have a free webinar tomorrow (Friday) featuring Kristine Tidgren and Dr. Chad Hart, and Steve Johnson says there is a limit of 1,000 people and he expects it to be full so get signed up now by clicking here.