Posted by IaGary on November 01, 2010 at 06:19:34 from (69.63.16.90):
This post is in reguards to marketing choices after reading some of the responses to the post below.
I guess here in the midwest we do have choices when it comes to marketing our grain.
I have the choice of selling to my local Coop that I"m a member of, 10 miles away.
A private owned grain elevator 12 miles away.
A Coop down the road 25 miles to the west and another to the east 25 miles.
I would have to go thru a local dealer(coop or private owned)to sell and get paid but could deliver to an ethanol plant 20 miles north in Cedar Rapids.
Then 30 miles south there are several large hog farms that are buying corn as well to feed to hogs. These guys bid a good price for corn but you run the risk of getting a good check if they have money problems.
All licensed grain dealers are covered by the Grain Idemity Fund here in Iowa should they go broke. Which means you are insured against a bad check.
I deal with my local Coop 99% of the time.
Why?? They are always competive on the bids they give me. If they make money off of me they return it to me cause I am one of the owners of the Coop.
How and why do you guys in the outer edges of the grain belt market your grain?
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