What is Your Marketing Goal?

[parsley]

Which best describes your marketing strategy:

1. highest price
2.average price
3. costs x% profit margin
4. other
Pars

[mbratrud]

All of the above.

[mbratrud]

More Specific.

Highest Average price, to secure the best possible return, within my risk tolerance and cash flow needs.

Hate it when someone tells me I have a good return so I should sell... That mentality won't ever give me a chance to buy the farm next door.

[riders2010]

When you have nothing in the bin?

When you seed half and half of the half is nothing you need the highest price but factor in interest charged and waiting for the highest price.

When you seed it all and half is crap then your still into pay the worst bills first interest wise, credit wise, then look at what is left.

If you are like some on here that seed and always get great weather and have your expected crop then hire mnp so you don't have a tax problem.

[parsley]

mbrat,

I take it you have mostly disciplined sales?

What percentage of your crop do you hold out for the chance of a fantastic price so you can by that ferrari? lol
Pars

[Burbert]

Bills are all paid. Don't own anybody, nuttin, except a course VIA, SEARS, AMERX. Cause the wife has credit cards, and I get the bills. Grain in bins, is like money in the bank. We will access it when we need it, or the price seems right and weather co-ops soos we kin git to it!

[parsley]

burbert, you rascal, you're waiting for prices to go up still more.

charliep once wrote about discipline. And it made me wonder, that since commodities are rising, how many will be disciplined and take the profit they decided would be sufficient, or like you burbert, will delay selling for a windfall.

So you're greedy,, burbert? LOL Pars

[btjadenlepp]

Our goal is to maximize the profitability
of every individual farm operation,
subject to its constraints to doing so.

Being disciplined in risk management
doesn't have to mean selling too soon in a
rising market, especially if you have
access to decent analysis.

[parsley]

That's true Brenda and works well if their is financial comfort?

I noted last weeek one of the guys wishing they had sold their canola when the price was in full bloom.

How many are willing to risk their satisfication target and go for broke? What's the 'margin' that is considered "sane" lol What point do YOU say, "What the heck are you waiting for? LOL? Pars

[gustgd]

Probably cover fixed and variable costs margin. Then sell the balance on the high side of average

management fee paid to ourselves is included in costs.
Margin we aim for $25.00/acre

[checking]

Hot damn, Burbert. Are you sure you don't have a quarter of gravel?

Forget the 500 mile crop strip farm, and buy the wife a few real carats. You can splurge!

I take back everything I ever thought about a family guy from Alberta, in your described position, that claimed to be able to make it on CWB grains.

I know you took the tougher route than others to your goal, though. Well done!

One suggestion. Cut up the plastic?

[riders2010]

Burbert obviously has made all that money on cwb grains, the guy is filthy rich, bring on the western canola and lentil board!!!!!