Pull your TPA's

[GOODRUM]

Let's pull out TPA's , get on the phone this morning and yank all tonnage off their books and see if the market notices by this afternoon.
Just do it! What have you got to loose?
We got it, they want it, let them guess what our target price is.

[oneoff]

Public disclosure...I have no TPA's at this point in time.

Any future contract start at over $12.00 Canadian/bushel

[bucket]

Fantastic idea.

I quit using TPAs and am going to stop using forward contracts.

A week ago when nothing was drying down and I didn't think I would get the flax, I was worried about delivering on contracts and the buy out.

No More of that shit.

Besides the forward contracts on wheat have still not been delivered.

[BreadWinner]

TPAs are just a way to get your grain cheap on an up day. Never fails your commodity rallys and just when you check on your TPA they trigger it and you capture less than market cost. They pocket the profit, nothing like giving the grain co free capital to work with.

[Braveheart]

We have no tpc. But we will use them when needed.

I get busy and miss pricing opportunities. Target prices also put discipline in my marketing plan. We set a price, if it gets triggered, great. Without that my tendency is to say, " we'll just wait, it'll go higher". Usually it goes down. Greed, can be an expensive sin.

I won't disrupt your experiment. But, in the future I will use tpc when warranted.

[charliep]

For what it is worth, the most effective TPA is your spouse or other partner. This involves writing it down on a piece of paper.

Tell them where you are willing to price crop (including forward months). Have them monitor prices for you and tell you when your targets are hit (if ever).

If you targets are hit and you choose not to pull the trigger, share with your marketing partner verbally and in writing.

If you are wrong in your decision, allow them the opportunity to remind you of this fact down the road.

Marketing should be about discipline. The conversation here is about farmers as a group choosing not to sell. At the end of day however, it is about an individual manager selling crop when it fits their business and financial needs. There are a lot more tools in an individual businesses marketing tool box than simply selling cash of the bin.

[HFL]

We have used TPA's. Not using them right now. Richardson wouldn't trigger our contracts when they were a few pennies higher than the market but they still figured we should buy half a million dollars worth of inputs from them. Looking elsewhere.

[GOODRUM]

Braveheart, I don't think missing $10 canola would be much of a disappointment. That's not what I would consider an "opportunity"
10 years ago maybe but not anymore.

[Braveheart]

Opportunity for one may be disappointment for another. Do what suits your business.

[charliep]

Just curious if you look at forward months/deferred delivery contracts in your target prices (either ones in target price contract or prices you have written down/are monitoring yourself). I realize that at least one of you has said $10/bu isn't adequate but if that was your next price target and it was offered in May, would you jump on it?

[GOODRUM]

Who you working for Charlie? Haha

[charliep]

Was chatting with someone today and they reminded me about the old joke about the farmer who found a lamp with a genie in it. They asked for $15/bu canola 3 times. The genie asked why the farmer asked for $15/bu canola twice before on the last wish. The farmer responded this time I'll sell.

[charliep]

Just to get you reved up, here is an article to read.

[URL="http://www.agcanada.com/albertafarmer/wp-content/uploads/2014/10/AFE141013.pdf"]Alberta Farmer Express[/URL]

To many old sayings. I have to do business with friends. My enemies don't buy here.

[GOODRUM]

Up $7 , hope the trend continues.

[hobbyfrmr]

I am following charlie and braveheart on this one. If there was the opportunity to lock in new crop canola at $10.50/bushel when a farmer was delivering old crop at 12.00/bushel. Why not figure out if its profit for your farm and sign up a % of your average production? Big farmers do this. They have big costs that need to be covered. Its good to k.ow a year ahead a person on at least have a little profit.