Participating farmers can choose any or all of four analysts including AgriVisor, who will then price grain out for them during a specific time period. Farmers can commit corn, soybean or wheat bushels to the program. They are notified anytime a transaction takes place. While the program doesn’t guarantee the best price, GROWMARK Manager for Grain Risk Cory Winstead explains it as another way to manage risk.
“The idea of the program is to diversify risk, take some of that marketing pressure off of the farmer and put it in someone else’s hands,” said Winstead.
The deadline to participate in the 2018 pricing period is December 31, 2017. The Insight program is offered by local elevators through Illinois and Iowa, as well as Ohio, Minnesota, Michigan, Alabama and Ontario, Canada. AgriVisor is a partnership between GROWMARK and Illinois Farm Bureau.
Listen to Cindy’s interview with Cory Winstead here: Interview with Cory Winstead, GROWMARK