Two things are certain for this coming crop and marketing season, according to Richard Brock, president of Brock Associates. This year will not be like the last, and risk management in 2013 is going to be more important than any year in the past decade.
“High prices of 2012 and soaring land prices have resulted in enormous increases in wealth for the majority of farmers,” Brock said. “This unfortunately often results in farmers becoming lackadaisical in risk management at a time when they are the most important. Big bulls are always followed by big bears, and 2013 will likely prove that point.”
Brock will share his thoughts on the potential for a bear market in grains and other market factors next month, during the 2013 Agricultural Economic Symposium, Feb. 25-27, at the Radisson Resort Orlando-Celebration, Kissimmee, Fla.
Other sessions include critical tax issues, the changing world of finance, lending, farmland values, world weather and game changing technologies to bring corn and soybean producers their highest yield potential.
Tuesday night entertainment begins at the Arabian Night Dinner Theater, followed by a 90-minute show featuring dozens of highly trained horses and different riding disciplines. The hotel is 1.5 miles from Walt Disney World Theme Parks.
Register at www.brockreport.com, or call 1-800-558-3431. For room reservations, call 1-800-634-4774. Sponsors for the event are Delta Farm Press, Corn and Soybean Digest, Asgrow, DeKalb, Farm Credit Leasing, AgFirst Farm Credit Bank, FMC and Brock Associates.