Know your break-even
Your cost per bushel is the yardstick for every pricing decision; it's total cost divided by expected bushels.
Add your costs per acre (seed, fertilizer, chemicals, fuel, machinery, land, insurance, interest, labor) and divide by expected yield. That's your break-even per bushel.
With costs above prices for many crops this year, knowing that number tells you which sales cover cost and which don't.
Our break-even calculator does the math and shows today's price against it.
Next: A simple written marketing plan
General education about how marketing tools work. Not advice to buy, sell or hedge; talk with your elevator, broker, lender or crop insurance agent about your own situation.