'Here' you can go to any coop grain elevator and they will have several types of contract. It can be possibly 2 years into the future, or it can be next month. So yes, well before the crop is in the ground can be done.
In the right (or wrong) market conditions these contracts cost 'someone' a lot of money to hold until they come due. Perhaps your buyer will take care of that, and perhaps you will need to kick in along the way. Look up 'Margin Calls'.
There are many other ways to sell - Price Later, Hedge to Arrive, oddball stuff with a low price set but allows to go higher by delivery time, etc.
The types of futures you see bought & sold on th Chicago Board of Trade are for the Big Boys to play, with big contracts. However, local elevators and local feed buyers will offer these sorts of contracts to individual farmers ona smaller scale.
If you cannot deliver your crop, you need to work it out with whomever you agreed to the contract with. You _did_agree to bring them the grain and ultimately they can hold you to that, but most all the time you can buy your way out of the contract (price difference between 'now' and when the contract was written plus maybe 10 cents extra) or roll the contract into next year for a penalty/handling fee. If you know you can't make your contract, talk to them early! If you give them time to adjust to the shortage of grain, they will be much happier to work with you.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
