I'm kind of conservative when it comes to contracting. I like to know my crop is in the ground and have an idea as to potential ( I know most marketing experts recommend a quarter to one third of expected crop ahead). Wish I had the financial versatility to pursue puts and other options. My biggest issue is the financial soundness of the elevator making the contract. We have had more than a couple go belly up since I have been farming. Elevators here in New York are bonded but I know of plenty of farmers who were short changed in spite of this. A lot of them had to wait many months for any settlement. The fact that a lot of these fellas change the subject when that topic comes up tells me they really got it stuck to. The other issue is when the elevator gets creative to cover its short comings. This means dockage of all types (NO broken kernels/seeds, NO foreign matter, little slack on test weight, color/appearance issues). I would be interested in hearing others comment to what I said and maybe have more confidence in contracting (more so the people I'm dealing with) based on their opinion.
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Today's Featured Article - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil’s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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