Let me start off by saying I don't have the knowledge of marketing that I need. I went through college in an agronomy program. So I hire a marketing service. With the thought that I do what Iam good at, and they do what they are good at. I have been farming about 7 years, young farmer, baby on the way, lots of dreams and not enough cash. The marketing service that I subsribe to costs what I would consider to be a premium price. They have me about 70% priced at expected production at an average price of about $4.10 futures on corn. This was accomplished almost solely on cash sales (no options, HTA's, etc) Question 1: Is there a way we could have stayed in the market and capture some of this upswing without losing my tail to margin calls? Question 2: Is it right of me to be very pissed at this marketing service for basically dropping the ball on my behalf? I know no one can see into the future, but it seems to me that there should be ways of keeping yourself in the game. I feel kind of greedy even asking that last question. But like I said baby on the way, too many dreams not enough $$. The difference in my price and what the market is paying now would have meant a ton to me. Thanks for any insite. |