Understanding the basis of grain

MAPAQ held a workshop on capitalizing grain marketing at the Little Red Wagon Winery on Feb. 15, where over 20 cash crop farmers attended to learn how they can make the most buck for their crop. Pictured: Jean-Philippe Boucher led the workshop, stressing the importance of knowing the basis when selling to buyers across North America.
Donald Teuma-Castelletti SHAWVILLE Feb. 15, 2018 A guest speaker to the Little Red Wagon Winery brought some hard, business-focused lessons for grain farmers at a workshop last week, in the hopes that they can maximize selling their grain for the most coin. At the Secrets to Successful Grain Marketing workshop, speaker Jean-Philippe Boucher spoke directly to a room of just over 20 farmers from the Pontiac and beyond, stressing the importance of knowing their buyers’ basis and helping the group understand prices and markets further. Though fog delayed the arrival and start time of Boucher, the first portion of the day was focused on understanding market prices. In this bit, he reiterated that the farmers should always know their buyer’s basis, in order to get the most cash for their crop.

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