Market Advisory Fees

[grassfarmer]

Doesn't anyone have a concern paying for marketing advice from someone like Cargill who might be involved in input supply as well as purchasing farmers crops and also potentially importing the same crops from competing countries? Would you be confident they really have YOUR best interests at heart?

[JDGreen]

Doesn't anyone have a concern paying for marketing advice from someone like Cargill who might be involved in input supply as well as purchasing farmers crops and also potentially importing the same crops from competing countries? Would you be confident they really have YOUR best interests at heart?

Nah they have your best interests in mind at all times LOL.. The only way to have control of your business, is to have control of your business.. No marketing type fees paid here ever and never will be.

[farmaholic]

How in God's name could anyone pay for marketing advice from a grain co? Could you find a grain co marketing rep that isn't biased to the company who pays their salary? I could see someone paying for advice from an unaffiliated unbiased marketing service only with no skin in the game selling you inputs or buying your grain......to each their own!

[SASKFARMER3]

I forgot my favourite one Grain Shark he recommends sales and where you should be 60% old crop canola zero new is example.

Sticks his neck out and is close.

[wakopa]

There are some pretty good elevator agents , they aren't all crooks .

[farmaholic]

So there are some?

[JDGreen]

Seven Deadly Sins of Grain Marketing

Lust: Wanting the highs. Every crop year needs to be approached independently of what happened the previous year. Marketing plans should reflect that.

Gluttony: Wanting more than needed for your target ROI. WHAT IS YOUR TARGET ROI??. Once you hit your projected or actual ROI you should be selling to reduce risk and lock in profit.

Greed: Wanting the best price, not looking at profitability. Greed is the biggest problem in farm marketing plans. Wanting a little bit more often ends up costing the most.

Sloth: Being a lazy marketer. In the long run a proactive, disciplined marketing plan will always pay off compared to not having a plan and being reactive.

Wrath: Being angry about your marketing decisions. Once you make a marketing decision, carry on and focus what you have left to sell. Don't berate yourself if prices go higher.

Envy: Coveting what you hear from your neighbors. Don't make your measure of success what your neighbors tell you they've done. Every farm is different; no two situations are the same.

Pride: Thinking you have to do everything yourself. Run your farm like a business because it is. Outsource things you can't or don't like doing and focus on what you are good at.

[Jay-mo]

Wild Oats newsletter is a good resource. They email a weekly analysis and commentary, along with selling recommendations. Been subscribing for a few years now, very solid info.

[Partners]

So you guys paying fees for info..are you hitting the market highs all the time?
We sell when dollars are required..usually a few months ahead..Guys wanting 12 dollar canola are still waiting here..
Most market changes have nothing to do with supply..demand..

[malleefarmer]

I wonder about you guys at times or things are different there, ive got a great relationship with Cargill and LD buyers here.

There basically not allowed to let farmers know when there in and out of the market.

I get cryptic message from from a lovely lady at cargills sometimes in the afternoon "I will be in for a short while in morning but will be out in the afternoon if you want contact me"

That actually a marketing message.......

Used it once this year for malt barley got absolute top of the dec market in SA and they pulled there bid within 15 minutes of me commiting 1500 tonne. Shipping short and couldn't fill with stock swaps from other companies. Was up $16 on day before.

Just there big grain cos there not the enemy in my opinion.