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Planning for 2013
As farmers begin to look ahead to 2013 a market analyst says making plans should be easy.
Jody Lawrence; founder of Franklin, Tennessee based Strategic Market Advisors says farmers are looking at really good price levels moving forward. “The farmer can go ahead and make forward sales as they are taking care of pre-pay expenses for the 2013 crop,” he says. “Putting farmers in the position to potentially nail down $200-$400 worth of profit per acre – assuming we have normal yield.”
Lawrence told farmers attending the Illinois Commodity Conference agriculture has had some pretty good years and he doesn’t think that will go away any time soon. “Everyone still has to eat,” he says. “When you talk about 3 billion people in China who aren’t self-sustaining on their agriculture program – the US farmer has to step up and take an active role in filling that void to feed the rest of the world.”
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