How are modern day U.S. farms marketing their grain? In the 2017 State of Grain Marketing Report, we take a look at how over 1,000 growers market their grain and mitigate risks. Read ahead for our three big takeaways or read the full report here.
1. Yields have been increasing, contributing to low commodity prices.
There was a 36.4 bu/acre difference in the average corn yields from 2001 to 2016 and a 12.5 bu/acre difference in the average soybean yields from 2001 to 2016.
2. Many growers manage risk through crop insurance.
75% of growers surveyed responded that crop insurance is one of the ways they manage risk.
3. On-farm grain storage capabilities impact how growers market their grain.
75% of growers surveyed have on-farm storage capacity for at least a small portion of their grain, and grain marketing strategies differed in growers who had more or less on-farm storage.
Rachel Nizinski is a Michigan native who developed a passion for agriculture throughout her time growing up in the Midwest. She attended Saginaw Valley State University, and joined the FarmLogs team as a content writer in 2016.