E Grain Market
Grain marketing in our modern society is how farmers sell what they grow, and it allows them to sell on a large scale. Customers may include everyone from ranchers who need feed for their livestock to ethanol factories.
Project Title
E Grain Market
Project Area of Specialization
Project Summary
Grain marketing in our modern society is how farmers sell what they grow, and it allows them to sell on a large scale. Customers may include everyone from ranchers who need feed for their livestock to ethanol factories.
Project Objectives
an Considerations - A sound marketing plan should include six key elements:
1. Production and Production Risk: Chose crops that have the greatest income potential within the crop rotation
used and understand the risk associated with growing that crop.
2. Market Analysis: Gather all information needed to make an informed and rational decision. Closely monitor the
market and time grain sales for when prices are advantageous.
3. Financial Position: Understand production costs and farm cash flow needs.
4. Marketing Strategies: Reduce risk of falling prices by using grain contracts and by managing storage.
5. Actions and Timelines: Identify target prices, sales tools, decision triggers and establish a timeline and key
responsibilities for implementing the plan.
6. Evaluation: Grain marketing is an ongoing activity; review the marketing strategy at least yearly.
Project Implementation Method
Different softwares
Benefits of the Project
Purchasing futures contracts and options could also be a means of taking advantage of a price increase after the grain has been
delivered.
• A "call option" gives the producer the right, but not the obligation to buy futures.
• A “Put option” gives the producer the right, but not the obligation to sell futures.
A complete marketing plan requires some knowledge of how the futures market operates. Farm Managers should be aware of
the risks involved in futures trading and consider enrolling in a training program or contact a professional prior to engaging in
futures trading. For more information on futures trading or how to enroll in a training program please contact your Regional
Farm Business Management Specialist
Technical Details of Final Deliverable
- Statement of work
- Project scope statement.
- Project governance plan
Final Deliverable of the Project
Core Industry
Other Industries
Core Technology
Other Technologies
Sustainable Development Goals
Required Resources
| Item Name | Type | No. of Units | Per Unit Cost (in Rs) | Total (in Rs) |
|---|---|---|---|---|
| E-grain | Miscellaneous | 5 | 50 | 250 |
| Total in (Rs) | 250 |
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