Grain Marketing Plan
Expert-developed at a leading university
App Summary
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Detailed Description
Functionality & Mechanism
This agricultural decision-support tool from Nebraska Extension enables farmers to create and manage grain marketing plans for corn, soybeans, and wheat. The application integrates daily market data, allowing users to modify plans based on current conditions. Its core mechanism utilizes a customizable alert system, which notifies users when their pre-set decision triggers have been reached. This system, based on either target dates or specific futures prices, facilitates timely action on marketing strategies.
Development & Context
- Developed by Nebraska Extension, the app was designed to address the challenge of making marketing decisions in a rapidly changing price environment.
- The news coverage notes this was one of the first apps of its kind to allow users to not only view futures price information but also interact with it.
- A key function is alerting farmers when futures prices have hit their user-defined break-even point, supporting decision-making during narrow profit windows.
- The project received funding from the Nebraska Corn Board, North Central Extension Risk Management Education Center, and USDA-NIFA.
Intended Use & Scope
This tool is designed for farmers seeking a system to develop and implement pre- or post-harvest marketing plans for specific grains. It functions as a planning and notification resource to support user-defined strategies. The information regarding its development and purpose is derived from institutional news coverage, not from peer-reviewed efficacy studies.
App Information
Developer
University of Nebraska-LincolnCategory
Evidence Profile
Expert-developed at a leading university
Platforms
Updated
Nov 2019
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