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S.D. farmboy turned investment banker creates farm management program

Posted by Tracy Frank on Apr 10, 2015 2:08:00 PM

Progressive Agriculture Farm Software PresentationS.D. farmboy turned investment banker creates farm management program

Original Article By Tracy Frank

After growing up on a South Dakota farm, Scott Anderson became a Wall Street investment banker.

But when his dad retired, he moved back to the family farm near Andover and brought some of his Wall Street wisdom with him.

"There were so many formulas and algorithms that it was unusable by anybody but me," he said.

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Topics: Grain Markets

Farm Software: 5 Tools Every Farmer Should Be Using

Posted by Scott Anderson on Apr 8, 2015 9:16:00 AM


 

When I first started farming, my dad told me: “You have to know what every field costs to produce that crop”.

My experience working on Wall Street taught me that to measure profits, I needed to keep good records---I needed some kind of personal farm software.

I found that most farmers use pencil and paper for record-keeping, and often the hassle of digging through the mess isn’t even worth the attempt. So I started using spreadsheets. Soon, I was using those spreadsheets for almost every decision on the farm.

Since then, I’ve found some incredible farm software that puts simple spreadsheets to shame. Farming precision has never been more achievable.

Here’s the must-have farm software that helps us grow profitability on our farm. I know these tools can work for you too...

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Topics: Farm Business Tools

Precision Ag Conference 2015 Sioux Falls, South Dakota

Posted by Scott Anderson on Mar 13, 2015 11:50:00 PM


Western Corn Belt Precision Farming Conference & Expo

Find out about “NEW TOOLS TO INCREASE YIELDS AND PROFITS"

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Topics: Grain Markets, Farm Business Tools, Futures Strategies

Using Put and Call Strategies to Hedge Grain Markets (Video)

Posted by Scott Anderson on Jan 9, 2015 10:19:08 PM


Put and Call Option Strategies

Today's post will be a video blog showing how to use and valuate put and call options strategies for grain hedging (watch it in HD to easily read all the data):

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Topics: Grain Markets, Farm Business Tools, Futures Strategies

Using Futures Options In Grain Marketing

Posted by Scott Anderson on Jan 5, 2015 10:18:00 AM


I just sold my grain and then the market went up!!!! GRRRRR!!!!

Has that ever happened to you?  Many farmers use minimum grain market pricing strategies such as futures contracts, forward contracts, and hedge-to-arrive contracts to set prices for their commodities.  But what happens when we do the right thing and lock in profit; and then the market makes a bullish move up? Well, a marketing tool known as Options can help capture that upside.  

What are Futures Options and how can I use them?

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Topics: Grain Markets, Farm Business Tools, Futures Strategies

How to Determine if Commodity Prices are too Low to Market Grain

Posted by Scott Anderson on Dec 16, 2014 8:56:33 PM


How low can you go?

Knowing whether or not the present commodity prices are too low for your farming operation is key to avoiding grain marketing mistakes.

The first question you need to answer is: What Are My Production Costs? 

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Topics: Grain Markets, Farm Management, Farm Business Tools

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