Scheve to speak Dec. 7 in Paulding County

Paulding County Extension is pleased to host Jon Scheve as he presents a grain marketing meeting. Risk has always been a part of agriculture. One of the riskiest, most stressful, and ignored issues of critical importance to ranch and farm families is grain marketing. With the grain market outlook for the next couple of years not looking very positive, farmers need to treat their on-farm storage like a commercial elevator.

OSU Extension of Paulding County is hosting a workshop on Grain Marketing on Thursday, Dec. 7, from 6:00 p.m. to 9:00 p.m. With corn and soybean prices trading at values near or below breakeven points, it’s important to develop a marketing plan that allows farmers the ability to try and capture potential profits while minimizing risk. Jon Scheve of Superior Feed Ingredients will be talking about what can influence markets in the upcoming year and how to better prepare your operation for the opportunities and challenges you will be facing.

Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 20 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA 10 years ago, he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.

Jon will explain how on-farm storage combined with forward selling, market carry and basis appreciation can provide added income. He will also educate farmers how hedging with futures protects farmers from risk and how options can be a great addition to a farmers’ marketing tool box.

The meeting will be held at the Paulding County Extension Office, 503 Fairground Drive, Paulding, OH 45879 and will include light refreshments. Registration is free if secured by December 6, 2017. After December 6th, the cost of registration is $25. A registration flyer can be downloaded at http://go.osu.edu/OnFarmMarketing or you can call the OSU Extension, Paulding County office at 419.399.8225 to register by phone. Email registration to noggle.17@osu.edu.

For more detailed information, visit the Paulding County OSU Extension website at www.paulding.osu.edu, or the Paulding County Extension Facebook page.

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