Q : How can the cash quote tool help me.
A : The cash quote tool provides you with access to day to day pricing data, creating a rich accessible database. It allows you to explore prices in a variety of counties and run "what if" scenarios.
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Q : Why is the Historical Average Tool useful? How can the past help me in the present or future?
A : With historical price data you can run "what if" scenarios with price data from previous years. This allows you to learn from your previous experiences, thereby helping you to making better business decisions in the future.
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Q : What does cost of production refer to?
A : Your cost of production is the summary of costs, fixed and variable, required for you to produce and deliver it to market.
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Q : How can marketing my product make a difference to my bottom line.
A : Price volatility in commodity markets can mean the difference between profit and loss for any producer. Supply and demand usually dictates that at harvest time, prices may be at their lowest. That is why it is important to explore a variety of selling opportunities.
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Q : What is the step selling method of marketing, and why should I bother following this methodology?
A : It is very difficult not to let emotions enter into your marketing plan. As crop prices change dramatically you may want to sell all of your crop at once. A step selling method lets you develop a plan, when there is no emotion, making it easier for you to execute the plan effectively as prices rise or fall. Each producer's plan will be different, but having the plan, raises the odds that you will be able to keep your emotions in check so that you can make sound business decisions.
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