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From Harvest to Sale: Managing Grain Inventories Using FAST

From Harvest to Sale: Managing Grain Inventories Using FAST. Travis Farley University of Illinois. Tools for Better Farm Decisions. FAST - F arm A nalysis S olution T ools. Financial Analysis Investment Analysis Loan Analysis Farm Management. Grain Marketing and Management

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From Harvest to Sale: Managing Grain Inventories Using FAST

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  1. From Harvest to Sale: Managing Grain Inventories Using FAST Travis Farley University of Illinois

  2. Tools for Better Farm Decisions FAST - Farm Analysis Solution Tools • Financial Analysis • Investment Analysis • Loan Analysis • Farm Management • Grain Marketing and Management • Risk Management • Yield Database Utilities

  3. Access FAST Tools • FAST Tools and Resources CD • Subscription service • University of Illinois farmdoc • Download tools free of charge

  4. Extension Program • Provide hands-on training through extension workshops • Utilize a mobile computer lab • Demonstrate application of tools through case studies

  5. Women in Agriculture • Play a significant role in recordkeeping • Asked to organize a large amount of grain information during harvest • Often document harvest information on paper or in homemade spreadsheets

  6. Questions to Answer • What is my average yield? • How much grain have I taken a LDP on? • What is my average LDP? • What is my average sales price? • How much grain have I forward contracted? • How much grain have I feed to livestock? • How much grain am I storing for each of my landlords?

  7. Grain Inventory Management • Manages and tracks grain inventories by: • Grain owner • Storage site • The program records the following grain transactions: • Loan Deficiency Payments • Forward pricing • Other price contracts • CCC loan transactions • Sales • Production • Transfers • Purchases • Fed to livestock

  8. Grain Transactions Stores grain transactions in a searchable database that allows you to: • Search for a specific grain transaction • Sort transactions by various fields and on many levels

  9. Query the Database • On what date did a transaction occur? • What sales prices have I received? • What LDP prices have I received? • How many bushels were harvested from a certain field?

  10. Grain Transactions Database

  11. Grain Reports • Program reports: • Grain Owner Inventory • Storage Location Inventory • Production Records • The tool designs reports for the farm operator and landlords documenting crop yields, inventory, and storage sites.

  12. Grain Owner Report

  13. Storage Location Report

  14. Production Report

  15. Program Navigation The Main Menu guides the user through the input screens of the tool.

  16. Closing Comments • Increasing demand for FAST Tools education • Program descriptions available on farmdoc and FAST CD • Grain Inventory Management tool apart of Annie’s Project

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