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Hello and Happy Thanksgiving!
Now that harvest is behind us, hopefully you all can make time to enjoy the holidays and spend some time with family and friends. As you work on closing the books on the year, it’s no secret that this year has been tight, at least for most. The projection for next year doesn’t look much more promising. In times like this good record keeping and documentation is as important as ever. Maintaining strong financial health can be the difference in farming another year or not. So, while you are working on closing the books on the year, and preparing for the next, I would encourage you to consider taking part in the Ohio Farm Business Analysis and Benchmarking Program. If you want to take a deeper dive to understand where your areas of profitability are, and how you compare to other farming operations, or maybe you just want some help getting financial documents more organized, this program could be of interest. More information can be found at this link: https://farmprofitability.osu.edu/.
I was recently made aware of a meeting coming up on December 13th at 9:30am, here in the Community Building that I would like to spread the word about. The NRCS is working on creating a “CRP Menu Web Tool” that will provide information about Conservation Reserve Program practices in the area. They would like landowner feedback on this new tool and are inviting interested folks to come and walk through a demo and give your opinion on how it works. Space is limited, and you do need to register by Dec 5th. More information can be found on the flyer below.
Finally, I am happy to announce that registration is now open for the Basics of Grain Marketing Workshop, January 16 & 17, 2025 at the OSU Extension Champaign County Office in Urbana, Ohio. This in-person workshop offers education and farm ready strategies on topics such as: basis, market carry, margins, cash markets, forward and futures contracts, hedge to arrive and basis contracts, differed price, hedging, storage, and overviews on options, spreads, and crop insurance. It’s “more than a 2-day workshop”, featuring pre-workshop activities on calculating grain cost of production and measure of risk comfort. The workshop will include grain marketing basics, application, and activities, plus a panel of industry professionals. A post-workshop grain marketing peer group will be offered to strengthen learning into action with webinar updates. The workshop has 50 limited seats. This is open for state wide participation, but I hope that we can fill the room with as many local folks as possible. More information and registration can be found below.
We hope you were blessed with a great Thanksgiving, with turkey that was moist and pies that were plentiful!
Grant Davis
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