Marketing Committee revises plan

November 21, 2008

Fargo, ND - In their second meeting this fall, the AdFarm North Dakota farm marketing committee revised its plan for marketing the remaining 2008 winter wheat crop.

The marketing committee is responsible for profitably marketing the 2008 crop of approximately 4,500 bushels of winter wheat. The crop was grown on the 70 acres of AdFarm ground rented from Cooperating Farmer Fred Lukens. Two thousand bushels of this crop were sold for $8.54/bushel, December delivery to Finley Farmers Elevator. In a September meeting, the group agreed to a $7/bushel or December 1 sell strategy for the remaining 2,500 bushels.

With an expected breakeven of $4.40/bushel on the remaining 2,500 bushels, the group revised their plan to a $6/bushel or March 15 sell strategy in their meeting today. The November 18 Finley Farmers winter wheat bid was $5.42/bushel.

The members of the AdFarm ND 2008 Marketing committee and their home offices are: Dan Danford (Kansas City), Andy Reierson (Duluth), Alissa Pesta (Fargo),

Josh Lysne (Fargo), and Erin Jarolimek, (Fargo). Lukens also participates on the committee.

Members are confident that the 2008 AdFarm ND crop will earn a profit and believe that the wheat market will improve in the next four months following commodities sell-off following the October financial market distress.