Steve Johnson and Kelvin Leibold, Farm Management Field Specialists, Central Iowa
With the rapid growth of the bio-fuels industry in Iowa and surrounding Midwest states, producers are asking for more information on the opportunities to capture higher prices for both corn and soybeans in the near future. The demand for processing corn and soybeans likely means the need for more grain storage to provide processors feedstocks throughout the marketing year. Producers need assistance in making the decisions of how to best deal with handling and storage issues.
Steve Johnson and Kelvin Leibold put together a series of meetings with help from the three CEEDs in Greene, Poweshiek, and Story Counties to provide information to assist producers in the decision making process and to gather input as to what additional information or education producers would like on grain storage issues.
Over 100 producers, landowners and other agribusiness professionals attended one of three Central Iowa workshops titled Crop Marketing & Grain Storage Strategies in June 2006. At these sessions, participants were provided up to date information on marketing and decision making tools. Participants responded to a written survey and discussed education needs. Responses were broken down into 6 different grain storage categories including: 1) on-farm permanent, 2) grain handling and aeration, 3) on-farm temporary, 4) condo storage, 5) grain transportation and 6) grain marketing strategies. These producers represent over 20 million bushels of production and if the information increases their profit by a nickel a bushel the program would have a positive impact of $1,000,000 annually.
Rich Roorda, producer and Jasper County Farm Bureau leader stated, I applaud Iowa State University (ISU) Extension for taking the lead on this storage issue. With large crops in each of the past 2 years and increasing demand especially with new ethanol plants, adding storage is something that most producers need to focus on.
104 - Agricultural Risk and Financial Management
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August 29, 2006
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