Wednesday
Jun192019

Grain News - June 2019

Patrons,

As I write this, there are some large unknowns in during this marketing season, the largest being whether we will be able to get a crop in the ground or if Prevent Plant is the best option. Let’s hope everything is in the ground when this newsletter comes out. If we do have a lack of planting and you have New Crop contracts that you may have trouble filling, get ahold of us sooner rather than later and we will look at options.

The MFP Round 2 details are just being announced, and it seems like the best option will be to get a crop in the ground if possible. At this point it’s not very clear how this will all work, so be sure to watch that closely going forward.

On a personal note, I will be leaving Equity Elevator in mid-July as my wife and I move to Minneapolis for the next step of her schooling through the University of Minnesota. I have been with Equity for 3.5 years, and I have appreciated the opportunity to serve you in the grain department. My transition out will be seamless since we have a great team here to serve you.

Thank you,

Jory Bossuyt
Grain Merchandiser

Grain Team: Pam Redetzke, Nathan Bahn, Johnnie Brandts, Richard Neuse

Wednesday
Jun192019

Grain News - April 2019

Patrons,

We have had quite the winter! Let’s hope the majority of the snow is behind us. Especially for those with livestock, who are sick of cleaning out pens and around feed bins.

Historically, we are coming up on one of the best times of the year to market grain, which are the months of May and June. I’d encourage you to look at coupling up any old crop grain sales you make with some new crop to get a good start on the 2019 crop season. We are glad to put in Target Offers for any price in 1,000-bushel increments, please give Pam or myself a call or stop in. This is an especially helpful tool during the planting and spraying seasons.

We are offering free Price Later on corn and soybeans, get ahold of me if you have any questions about the program. The deadline to have things priced will be August 15th, 2019.

If you haven’t already, now would be a good time to get your cost of production estimates locked in. I have a COP spreadsheet for corn and soybeans that I can easily email you to plug in your own numbers. It’s not perfect, but it is a starting point that you can feel free to customize and make your own.

Jory Bossuyt
Grain Merchandiser

Grain Team: Pam Redetzke, Nathan Bahn, Johnnie Brandts, Richard Neuse

Tuesday
Apr242018

Pam's Perspective - April 2018

Powerball Interviewer: "Congratulations on winning the $140 million dollar Powerball lottery."

Farmer: "Thank you."

Interviewer: "Do you have any special plans for spending all of that money?"

Farmer: "Nope. Not really. I'm just gonna keep farming until the lottery money is all gone." 

But on a more serious note, the month of February did show a spike in the markets so it was nice to see the producer get a higher price for their crops, plus it gave Jory and I a chance to visit with our customers. I enjoy working on the grain side, but I also work with patronage. I have been working on updating those records with more current information. If you know someone on the list, please have them call me at (507)485-3153 or call me with a number where I can reach them or a family member if they are deceased.

Just a reminder, the age for equity payout is 72.  We pay out once a year at annual meeting time (usually later in August) so if you are 72 by June 30, please call so we can get you on the list. 

Birthdates are important for us to have on file as they help us plan our payouts, so if you want to make sure we have yours, please give us a call.

If you have any pictures you would like posted to our website and/or facebook page, please let us know. It is so fun to see our patrons in action!

Have a safe & happy Spring!!
Pam Redetzke