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	<title>Farm CPA Today!&#187; Farm CPA Today!</title>
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		<title>Don&#8217;t Wait Too Long</title>
		<link>http://www.farmcpatoday.com/2009/01/25/dont-wait-too-long/</link>
		<comments>http://www.farmcpatoday.com/2009/01/25/dont-wait-too-long/#comments</comments>
		<pubDate>Sun, 25 Jan 2009 15:06:38 +0000</pubDate>
		<dc:creator>Paul Neiffer</dc:creator>
				<category><![CDATA[Farm Trends]]></category>
		<category><![CDATA[crop reports]]></category>
		<category><![CDATA[department of agriculture]]></category>
		<category><![CDATA[futures markets]]></category>

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		<description><![CDATA[The Department of Agriculture released many crop reports today. As a result, corn, soybeans and wheat prices were sharply lower on the cash and futures markets. In many cases, the drop was 10% or more.  Prices has steadily risen over the last few weeks and there were many chances to lock in a profit on [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="margin: 0in 0in 0pt;"><img class="alignright size-full wp-image-92" title="wheat-harvesting-washington-state" src="http://www.farmcpatoday.com/wp-content/uploads/2009/01/wheat-harvesting-washington-state.jpg" alt="wheat-harvesting-washington-state" width="113" height="170" />The Department of Agriculture released many crop reports today. As a result, corn, soybeans and wheat prices were sharply lower on the cash and futures markets. In many cases, the drop was 10% or more. </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;">Prices has steadily risen over the last few weeks and there were many chances to lock in a profit on the new crop. Many times, farmers want to wait for the high of the market to lock in prices and what usually happens is that they get a much lower price than if they simply sell 1/12 of their crop each month.</p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;">Every farmer should have a marketing plan (in conjunction with the appropriate help from marketing consultants, if needed). When you can lock in an adequate profit for the crop year, do it! </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;">Usually you will be much better off than trying to go for the highest price. </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;">Every farmer should have a marketing plan (in conjunction with the appropriate help from marketing consultants, if needed). When you can lock in an adequate profit for the crop year, do it! </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;">Usually you will be much better off than trying to go for the highest price.</p>
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