So there are 2999 other guys like my old man who stash them away somewhere and forget about them or have them under a years worth of mail piled on their desk.
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Whats your Target price (Canola)
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The letters went out in July/August so the cheques must be written even earlier. Don't cheques expire after 6 months. I guess those that have year ends other than December may still be valid. I guess I am having a problem rectifying the "poor farmer situation" and the "loss of farmers - industry in demise" comments with deferring cheques.
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While ago been thinking about target price. But was told by Vigria that if I don't have canola on hand and may need to buy somewhere else to fill the contract or pay penatly if canola price go up over the target price and has to pay the difference. Been afraid of this kind of contract. My crop is fair not that great so hard to say I should try target price.
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I've priced 20% of expected production....unless it freezes....or hails.
I wont contract anything more untill its been swathed because if it freezes my crop volume will be down as the market rallies and I dont want to buy out my contract (or suddenly be at 80% contracted due to lower production and miss out on the rally)
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