A34-Lancaster Farming, Saturday, September 9,200 C
HARVEST PRICING
STRATEGIES FOR
CORN & BEANS
John Berry
Lehigh County
Marketing Agent
While anything is possible, it
appears that corn and soybean
prices will remain well below the
loan rate through harvest. Har
vesttime pricing strategies will
be centered on the use of the
marketing loan program.
Strategy selection will be in
fluenced by the availability and
cost of storage, local basis, will
ingness to use various pricing
tools, and payment limitation
considerations. The primary ob
jective will be to net a price in
excess of the Commodity Credit
Corporation loan rate without
undue risk of a net price below
the loan rate.
Availability of permanent
storage may be a problem. Many
bins are full of wheat. The ex
pected large crop will keep basis
levels very weak and corn fu
tures spreads relatively large. If
so, premiums for later delivery
will be present compared to har
vest cash bids.
Congress has in place a
$75,000 limit on loan deficiency
payments (LDP) and marketing
t , S»*
Featuring...
20Ve arS
loan gains for crops produced
during 2000.
Strategies to consider:
• If the basis remains weak
and the premium for later deliv
ery is large, producers might es
tablish LDP on a portion of the
crop and forward price for
future delivery. This strategy re
quires the FSA posted county
price (PCP) track local cash bids
fairly closely and the premium
for later delivery exceed the cost
of storage.
• Producers can store a por
tion of the crop under loan and
lock in the repayment rate for a
period of 60 days after the funds
have been dispersed.
Again, this strategy works
well if the PCP tracks local cash
bids and cash prices remain low
during harvest. The loan repay
ment lock-in allows producers to
benefit from a post harvest price
rally by selling the crop at a
higher price and repaying the
loan at a lower rate.
The most likely time for a
price increase is December. The
application for loan should be
made early. If prices remain low
into late October, the repayment
rate could be established at that
time. If prices do not rally, the
loan can be repaid at the daily
rate any time before maturity.
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Allentown Goat Show Results
ALLENTOWN FAIR
GOAT SHOW RESULTS
SHOWMANSHIP
4-H Intermediate; 1. Amber Buttner 2
Steven Buttner. 3. Diana Holder.
Senior: 1. Chns McGinnis.
Champion Showmanship;
McGinnis. 2. Amber Buttner.
Agriculture Education Senior: 1. Jill
Neiman.
Champion Showman; Jill Neiman.
Overall Champion Showmanship: Chns
McGinnis.
OPEN DAIRY
GOATSHOW
ALPINES
Junior kids: 1. Harold Stump. 2. Joan
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Intermediate kids: 1. Denck Stenlake. 2.
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Senior kids: 1. Brant Kloiber.
Yearlings; 1. Brant Kloiber. 2. Denck
Stenlake. 3. Jill Neiman.
Junior champion: Brant Kloiber.
Reserve junior champion: Derick Sten
take.
Milking under 2; 1. Harold Stump. 2.
Joan Stump. 3. Steven Buttner.
Milking 2-3: 1. Brant Kloiber. 2. Joan
Stump. 3. Harold Stump.
Milking 3-4; 1. Harold Stump. 2. Denck
Stenlake. 3. Chns McGinnis.
Milking 4-S: 1. Brant Kloiber. 2. Joan
Stump.
Milking 5 years and oven 1. Brant
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Senior champion: Brant Kloiber.
Reserve senior champion: Harold
Stump.
Grand champion: Brant Kloiber.
Reserve grand champion: Harold Stump.
Best udder 1. Brant Kloiber. 2. Harold
Stump. 3. Joan Stump.
Owner and breeder 1. Harold Stump. 2.
Brant Kloiber. 3. Joan Stump.
Dam and daughter 1. Brant Kloiber. 2.
Joan Stump. 3. Derick Stenlake.
Produce of dam; 1. Harold Stump. 2.
Joan Stump. 3. Derick Stenlake.
Get of sire; 1. Harold Stump. 2. Joan
Stump. 3. Derick Stenlake.
Dairy Herd: 1. Brant Kloiber. 2. Joan
Stump. 3. Harold Stump.
LAMANCHA
Junior kids: 1. Billy Leib. 2. Billy Leib.
Intermediate kids: 1. Crystal Kloiber. 2.
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Yearlings: 1. Amber Buttner. 2. Billy Leib.
3. Chns McGinnis.
Junior champion: Crystal Kloiber.
Reserve junior champion; Carol Kloiber.
Milking under 2: 1. Billy Leib. 2. Billy
Leib. 3. Amber Buttner.
Milking under 3:1. Crystal Kloiber.
Milking 3-4:1. Crystal Kloiber.
f.
“Garage Doors”
Milking S years and older 1. Billy Leib. 2.
Chris McGinnis.
Senior champion; Billy Leib.
Reserve senior champion: Billy Leib.
Grand champion: Billy Leib.
Reserve grand champion: Billy Leib.
Best udder: 1. Billy Leib. 2. Crystal
Kloiber. 3. Chns McGinnis.
1. Chns
Owner and breeder; 1. Billy Leib. 2. Crys
tal Kloiber. 3. Carol Kloiber.
Dam and daughter. 1. Billy Leib. 2. Crys
tal Kloiber. 3. Chns McGinnis.
Produce of dam; 1. Billy Leib. 2. Amber
Buttner. 3. Chns McGinnis.
Get of sire: 1. Billy Leib. 2. Chns
McGinnis.
Dairy herd: 1. Billy Leib.
Intermediate kids: 1. Diana Holder. 2.
Diana Holder.
Yearlings: 1. Crystal Kloiber. 2. Billy Leib.
Junior champion: 1. Crystal Kloiber.
Reserve junior champion: Diana Holder.
Milking 3-4; 1. Denck Stenlake. 2. Diana
Holder.
Senior champion: Derick Stenlake.
Reserve senior champion: Diana Holder.
Grand champion: Denck Stenlake.
Reserve grand champion; Diana Holder.
Best udder 1. Derick Stenlake. 2. Diana
Holder.
Owner breeder; 1. Crystal Kloiber. 2.
Diana Holder.
Dam and daughter: 1. Diana Holder.
Produce of dam: 1. Diana Holder.
SAANAN
Junior kids: 1. Alexander Hushour. 2. Elly
Hushour.
Intermediate kids: 1. Brant Kloiber. 2.
Ryan Hushour. 3. Alexander Hushour.
Senior kids: 1. Elly Hushour. 2. Kimberly
Hushour. 3. Ryan Hushour.
Yearlings: 1. Elly Hushour. 2. Ryan
Hushour.
Junior champion: Elly Hushour.
Reserve junior champion: Brant Kloiber.
Milking under 2:1. Elly Hushour. 2. Kim
berly Hushour. 3. Elly Hushour.
Milking 2-3; 1. Alexander Hushour. 2.
Diana Holder.
Milking 3-4; 1. Kimberly Hushour.
Milking 4-5:1. Elly Hushour.
Milking 5 and over 1. Elly Hushour.
Senior champion: Alexander Hushour.
Reserve senior champion: Kimberly
Hushour.
Grand champion: Alexander Hushour.
Reserve grand champion: Kimberly
Hushour.
Best udder 1. Alexander Hushour. 2.
Kimberly Hushour. 3. Diana Holder.
Owner and breeder 1. Kimberly
Hushour. 2. Elly Hushour. 3. Ryan Hushour.
Dam and daughter 1. Elly Hushour. 2.
Kimberly Hushour. 3. Alexander Hushour.
Produce of dam: 1. Elly Hushour. 2. Kim
berly Hushour.
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Get of sire: 1. Elly Hushour. 2. Alexander
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Dairy herd: 1. Elly Hushour. 2. Kimberly
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TOGGENBURG
Senior kids: 1. Chns McGinnis.
Yearlings: 1. Chns McGinnis. 2. Chris
McGinnis.
Junior champion: Chns McGinnis.
Reserve junior champion: Chris
McGinnis.
Milk 5 and over 1. Chns McGinnis.
Senior champion: Chns McGinnis.
Reserve senior champion: Chris
McGinnis.
Grand champion: Chris McGinnis.
Reserve grand champion: Chris
McGinnis.
Best Udder 1. Chns McGinnis.
Owner and breeder 1. Chns McGinnis.
Dam and daughter; 1. Chris McGinnis.
Produce of dam: 1. Chns McGinnis.
Get of sire: 1. Chris McGinnis.
RECORDED GRADES
Junior kids: 1. Kimberly Hushour.
Intermediate kids; 1. Brant Kloiber. 2.
Diana Holder. 3. Derick Stenlake.
Senior kids; 1. Brant Kloiber. 2. Ryan
Hushour.
Yearlings: 1. Crystal Kloiber. 2. Chns
McGinnis. 3. Denck Stenlake.
Junior champion: Crystal Kloiber.
Reserve junior champion; Brant Kloiber.
Milking 3-4:1. Chns McGinnis.
Milking 4-5:1. Derick Stenlake.
Senior champion: Chns McGinnis.
Reserve senior champion: Derick Sten
lake.
Grand champion: Chris McGinnis.
Reserve grand champion: Denck Sten
lake.
Best udder: 1. Chns McGinnis. 2. Denck
Stenlake.
Owner and breeder 1. Crystal Kloiber. 2.
Brant Kloiber. 3. Chris McGinnis.
Dam and daughter: 1. Denck Stenlake.
Produce of dam; 1. Chns McGinnis. 2.
Denck Stenlake.
Get of sire; 1. Derick Stenlake.
BEST DOE IN SHOW
Brant Kloiber
SUPREME CHAMPION MARKET GOAT
Jill Neiman