Enroll in TMA's ACH Program
TMA’s ACH program allows for your grain payments to be directly deposited into your bank account.
Alfatoxin Effect on 2012 Corn Crop
The drought of 2012 expanded the issues the agricultural industry faced in the drought of 2011. One of the biggest issues faced in 2012 was the quality of the corn crop which has been greatly affected by alfatoxin.
Take advantage of available profits
by Devin Schierling
As final field preparations are nearing completion and the first seeds of the 2013 wheat crop are going into the ground, it’s important to step back and look at your operation’s marketing plan.
The foundation of this plan is the revenue guarantee provided through Federal Crop Insurance. The base crop insurance price was established at an all-time high of $8.78 for the upcoming year. This price, along with the Actual Production History (APH) increase from the Trend Adjustment, (TA) has provided producers with the ability to insure guaranteed revenue that is greater than the expected cost of production.
Integrating your crop insurance into your grain marketing is the next step in creating a profit-based marketing plan. There are many factors (out of our control) that affect the new crop value of wheat. Whether it’s the drought in the Ukraine and Australia or increased planted acres in the United States driving the price, when was the last time you were able to contract $8 (plus) wheat? . I’m not certain what $8 (plus) wheat will look like from a price perspective nine months from now, but from a profit perspective we have only seen this type of opportunity once in the last ten years.
One of TMA’s Foundational Principles of Risk Management is to lock in profit when profit is available. With your largest expense-fertilizer-primarily applied, it’s time to identify what your risk management needs are for your operation and develop a customized plan to take advantage of today’s profit potential.
TMA Update
As the dust settles on this year’s harvest we are reminded of just how fortunate our trade territory was. The unpredictable Kansas weather provided producers with a much needed bountiful wheat harvest and average corn harvest on the heels of one of the poorest fall harvest on record. Team Marketing Alliance greatly appreciates the trust you instill in us to handle your harvest needs and truly thanks you for the business.
Nearly 13 years ago, when TMA was being formed, one of the major points of emphasis was creating a structure that would allow the member cooperatives to grow and renew their infrastructure. The vision of these founding members is being executed by today’s leadership.
It’s easy to point out the large projects that have been completed like the new storage that was built in the last year at Halstead, Burns, Lindsborg, Marion, and Nickerson. For every large project there are countless other enhancements to existing facilities that in large go unnoticed until harvest time. Whether it’s speeding up a leg, adding a second scale, or reworking additional space the goal is to provide you with a safe an extraordinary harvest experience.
The member cooperatives of TMA are committed to improving the harvest experience for its members. The desired experience may be different, but the message is clear. Producers want to be able to deliver to locations that will efficiently and quickly unload their grain so that they can get back to the field. In a world where capital was not issue every location would be upgraded at the same time. It’s unclear just how our infrastructure growth will look in the coming years, but the prioritization of these projects can be determined by your support. If you deliver it they will come.
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