Ask FarmLink: How Does S & D Factor in to Crop Pricing Decisions?

Developing an opinion on crop prices and the direction they’re headed is not an exact science. Once you can move beyond expecting to be right all the time, it’s time to start putting some fundamental analysis to work for you. While many farmers are familiar with that term and supply and demand discussions, understanding how a supply and demand dynamic translates into a price chart is just one way to start using this information in your pricing decisions.

In this Ask FarmLink episode, Brenda Tjaden Lepp, co-founder of FarmLink Marketing Solutions, runs through how basic supply and demand works at establishing a market price, why and how that price really is a range and not just one number and how that price range becomes a price chart. From there, Tjaden Lepp walks us through how to use this information to decide when to move a little or a lot of what crops you have on hand.

FOR MORE ASK FARMLINK EPISODES, CLICK HERE.

If you cannot see the embedded video, click here.

 

Shaun Haney

Shaun grew up on a family seed farm in Southern Alberta. Haney Farms produces, conditions and retails wheat, barley, canola and corn seed. Shaun Haney is the founder of RealAgriculture.com. @shaunhaney

Trending

Selling hay to the UAE: Challenges and Opportunities

By Christina Franc Canada exports 600,000 tonnes of forage each year, with an estimated value of $150 million. This market is continuing to grow, particularly in the United Arab Emirates. Selling hay to the UAE opens a world of possibilities, and a world of possible problems, says Alan Gardner of Haydar Group of Companies. None…Read more ยป

Related

Leave a Reply