Texas A&M offers workshop on developing marketing plans for feed grains on Jan 23 to 24

How will increasing domestic carry-over stocks, increasing feed demand, decreasing world carry-over stocks and adequate-to-surplus supplies of all crops in the U.S. affect feed grain prices in 2018? Will there be opportunities to make a profit?

Steve Amosson, Texas A&M AgriLife Extension Service economist in Amarillo, said these questions and others will be answered during AgriLife Extension’s “Developing This Year’s Marketing Plan for Feed Grains” workshop Jan. 23-24 in Amarillo.

The feed grains workshop, co-sponsored by Plains Land Bank and Capital Farm Credit, will be from 9 a.m. to 4 p.m. each day at the Texas A&M AgriLife Research and Extension Center, 6500 W. Amarillo Blvd. The registration fee is $125, which covers the cost associated with instruction, breaks, meals and materials.

The course is limited to 50 participants. To register and pay for this course, go to https://agriliferegister.tamu.edu/Grain or call 979-845-2604. Registration must be completed by Jan. 19, either online or by phone. It is preferred that payment be made at the time of registration, but if that is not possible, payments will be accepted at the door for those registered in advance.

For the registration brochure or more information, contact Kim Garcia at 806-677-5626 or [email protected].

Amosson and Mark Welch, AgriLife Extension grain marketing specialist in College Station, will be the primary instructors during the workshop, which will dissect the feed-grain market and analyze each of its components.

“The purpose of this workshop is to provide producers the opportunity to learn about the fundamentals of the 2018 market as well as hear from a number of marketing specialists they might not normally be exposed to—all in a concentrated two-day setting,” he said. “Hopefully, this will serve as a basis for developing a successful marketing plan for the 2018 crop.”

Special guest speakers will be Jody Lawrence, Strategic Trade Advisors, Franklin, Tennessee; Darrell Holaday, a private marketing/management consultant, Frankfort, Kansas; Daniel O’Brien, Kansas State University; and Joe Outlaw, AgriLife Extension, Texas A&M Agricultural and Food Policy Center, College Station.

Other speakers include Melissa Beat, National Weather Service, Amarillo; Rachel Myers, Myers Crop Insurance, Claude; James Miller, Southwest Agribusiness Consulting, Inc., Amarillo; Matt Gruhlkey, Attebury Grain, Amarillo; Steve Donnell, Plains Land Bank, Amarillo; and Lance Weaver, Capital Farm Credit, Amarillo.

Segments will cover developing a marketing plan, marketing tools and strategies, cost of production, basis and technical analysis, crop insurance alternatives, seasonal weather forecast and marketing, as well as supply, demand and technical factors that influence the feed grains market, Amosson said. Additionally, an industry panel will provide their insights.