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Re: Grain Marketing Choices.


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Posted by VADAVE on November 01, 2010 at 09:24:15 from (149.32.192.33):

In Reply to: Grain Marketing Choices. posted by IaGary on November 01, 2010 at 06:19:34:

Here is the Northern Neck of Virginia; Northern Neck is just another term for the land bordered on the north by the Patomac River and the south by the Rappahannock River, on the east by the Chesapeak Bay and the west bt I-95.
Perdue, the chicken company not the university, is the major buyer for our grain. They have either bought up the elevators or paid just enough more until they are all out of business. 30 mile to the south, on the York River is a private elevator and there is a Miller to the west about 35 miles however Perdue sets the prices. Contracts are available but they are pretty simple in dealing with situation like this year. Example is this mine this year--contracted corn for $3.69 and about 120 bu/ac, what I figured I could deliever for sure except this the weather only allowed about 60 bu/ac. When I told the manager I would buy out the rest of the contract, Harvest price was $4.30) he didn't know how to figure it out. 2 months later, after repeated calls, he came up with a buy out of $2.00 bu. When I reminded him of the date I him I would buy out and that it was to be the difference he just started stammering. In the end I know it will be about $1000.
And I won't contract again until I know it is advantagous.


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