Chad Hart is an Iowa State University-Extension economist as well as a professor of economics and a crop-markets specialist. Yield contests aren’t geared toward profitability but rather productivity, he said.
“That said the contests provide information on crop development and productivity that informs seed companies and helps lead to crop improvements, which could enhance profitability for farmers,” he said.
Hart was quoted for a Jan. 25 Radio Iowa story, "ISU economist says consider selling 2022 crop now"
Hart says, “The price series that we’ve got right now in front of us does lead to some opportunities, not only in marketing the corn and soybeans that are sitting in the bin right now, but also taking a look at those new crop opportunities for the 2022 crop, and even for those who are fairly aggressive, they could be looking out there to 2023 as well.”
Chad Hart says farmers are seeing good prices for their commodities, mainly due to strong exports, and they should consider forward contracting, though he notes, there are signs the export trade may weaken during the year ahead.
China remains a good trading partner with the U-S, but Hart says the Chinese are beginning to cut back on their buying spree.
"They remain a very strong market for us. In fact, as you look at our top markets, they're still our biggest buyer on the soybean side. They're our second-biggest buyer on corn and pork."
This story also covered by
KIWA Radio, Jan. 25