Is it common for smaller operations to not contract ahead at all? My grandfather is a lifelong farmer, cow/calf operation with a some crops left over to sell, and is pretty knowledgeable and savvy. That's why I was surprised when he said he's never contracted forward. And if he has a hundred acres of beans at say 40bu/acre, that would be 4000 bushels, wouldn't that be enough to try to take advantage of good/higher prices ahead of time? I'd ask him more about it, but I don't want to be too intrusive into his business.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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