Well most have had a visit from the local rep to measure their piles and bags and bins.
Most probably now know their grade etc.
Some are having issues with Grain companies telling them its not a saleable product yet Crop insurance says its a three.
Ah games of the wheat trade.
Need to know if the one insurance company is forcing farmers with shit Durum to Bury the grain so they cant sell it in the future, then they will be paid. That I think is the Global risk or what ever its called.
But simply if you grew 55 bushels of Wheat and grade factor is 38% you have 34 bushels of production.
Most I guess have a long term yield of say 42 at 70% is 29.4 or your just short 4 bushels a acre. Your check on a 1000 acres for grade factor is 24000.00 But if the elevator says your shit out of luck its back to grade it again etc.
The Grade factor I feel is wrong this year for wheat.
What are others finding.
I'm over on wheat so not a issue but seems their is lots texting that it is, So today I have to ask what's every ones experience with the grade factor this year.
Most probably now know their grade etc.
Some are having issues with Grain companies telling them its not a saleable product yet Crop insurance says its a three.
Ah games of the wheat trade.
Need to know if the one insurance company is forcing farmers with shit Durum to Bury the grain so they cant sell it in the future, then they will be paid. That I think is the Global risk or what ever its called.
But simply if you grew 55 bushels of Wheat and grade factor is 38% you have 34 bushels of production.
Most I guess have a long term yield of say 42 at 70% is 29.4 or your just short 4 bushels a acre. Your check on a 1000 acres for grade factor is 24000.00 But if the elevator says your shit out of luck its back to grade it again etc.
The Grade factor I feel is wrong this year for wheat.
What are others finding.
I'm over on wheat so not a issue but seems their is lots texting that it is, So today I have to ask what's every ones experience with the grade factor this year.
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