Farmers Grain Marketing Patterns In The North Central Region

Author : L.D. Hill
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (79 download)

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Download or read book Farmer's grain marketing patterns in the North Central Region written by L.D. Hill and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The results of this study identify the relative importance of alternative market outlets for grain. Although farmers are not yet bypassing the local elevator in all states, direct sales to grain processors and terminal elevators account for a significant proportion of the total sales of corn and soybeans in Illhinois, Indiana, Ohio, and Missouri, and of wheat in Illinois, Indiana, kansas, and Missouti. The availability of on farm dryers increases the probability of bypassing local elevators. Analysis of characteristics of farmers and the production and marketing patterns of various states revealed that direct sales to terminal elevators and processors were associated with farmers reporting larger farm size and exhibiting a more complex and sophisticated marketing strategy. This marketing strategy consisted partly in placing less reliance upon the marketing farms for marketing services. Farmers selling to terminal elevators and processors owned more storage and drying capacity, and they sold grain out of farm storage rather than at harvest more often than farmers selling to country elevators. Use of a more complex marketing strategy was also indicated by more frequent price checks, greater use of hedging, and identification of price rather than convenience as the most important criterion in selecting an outlet.