Time to think about marketing that crop

Sep 28, 2022

When it comes to grain marketing understanding futures markets and basis can help make sense of the messages that markets are sending.

Crops Extension Specialist Mike Brown says there are a number of factors that can influence the price you receive.

"The most important thing that's going to come to producers mind is understanding where those cash flow requirements are going to be needed. As grains getting put into the bin if there are bills to be paid you may have to sell that grain in spot prices. Maybe not as lucrative as futures contracting on some aspects, but if it has to be done, it has to be done."

He says when it comes to marketing international, national, provincial and municipal events can influence prices on various commodities.

Another key aspect is monitoring futures and basis.

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Video: What Is Remote Sensing In Precision Agriculture? - The World of Agriculture

What Is Remote Sensing In Precision Agriculture? In this informative video, we will dive into the fascinating world of remote sensing and its role in precision agriculture. Remote sensing technology allows farmers to gather critical information about their fields without the need for physical presence. By utilizing satellites, drones, and aircraft equipped with advanced sensors, farmers can monitor various aspects of their crops, from temperature and moisture levels to overall plant health.

We will explore how the data collected through remote sensing can empower farmers to make strategic decisions for their crops. With the ability to identify specific areas that require more water or nutrients, farmers can optimize resource usage, leading to healthier plants and improved yields.

Moreover, remote sensing plays a vital role in tracking crop growth over time. By comparing images taken at different growth stages, farmers can evaluate their crops’ development and adjust their management practices accordingly.