Volatility in ag markets this year because of COVID-19 has highlighted the importance of risk management, according to the latest Purdue University/CME Group Ag Economy Barometer.

Jim Mintert says they asked farmers if they have a marketing advisor.

“21 percent of the farms in the survey said they have a marketing advisor, so almost 8 out of 10 farmers don’t,” he says.

Of the farmers surveyed who do have a marketing advisor…“When we asked the people who do have a farm marketing advisor how closely they follow those recommendations they said they follow recommendations quite closely,” he says.

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