Risk management is all about planning ahead. And that’s exactly what Kent Ploszspecializes in. If you’re not familiar with forward contracting, or DDCs, this video is a great place to start.
Forwarding contracting, also know in the grain industry as Deferred Delivery Contract (DDC) allows farmers to agree with a grain company ahead of time, that they will deliver a quantifiable amount of grain in return for a specified sum of money at a future date. This is a smart risk management strategy, that farm businesses should definitely be aware of, and look into.
This workshop was funded in part by the Agriculture & Food Council of Alberta