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BC Tree Fruits Cooperative guarantees minimum apple prices for three years

BC Tree Fruits, a cooperative with a storied history dating back to 1936, is writing another chapter with guaranteed prices to apple growers for the next three years. For 270 grower families, the announcement offers security for a sector that’s struggled with competitive pressures in recent years.

Right-sizing the business with surplus properties and packinghouses put $31.25 million in the coffers, allowing for debt paydown and investments in the future.

The Cooperative is expanding on a program launched in 2020 by providing minimum payment guarantees to growers on a wide range of varieties, grades and sizes of apples for the next three years.

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Grain Market Outlook Price Prospects for 2024

Video: Grain Market Outlook Price Prospects for 2024

Joe Janzen and Scott Irwin of the University of Illinois provided an in-depth analysis of the grain market outlook for 2024, including price forecasts, global supply and demand trends, and marketing implications for corn and soybean producers.

Key topics covered:

Review of 2023/24 USDA February WASDE report results Old and new crop corn and soybean balance sheet forecasts Export sales pace comparisons to previous years South American soybean production estimates Impact of input costs and interest rates on marketing Benchmarking farm-level marketing performance As grain prices face downward pressure in 2024, the presenters emphasized the importance of having an active marketing plan in place, rather than a 'store and ignore' approach. They provided insight into strategies for forward contracting, making new crop sales, and capturing opportunities in a volatile market environment.

Overall, an excellent webinar reviewing the latest market analysis and offering actionable strategies for crop producers facing a more challenging economic climate this year.