Monday, January 24, 2011

YF&R profiles on Ag

2010 a Good Year for the Risenmays

Idaho Falls--Idaho Farm Bureau YF and R member Greg Risenmay farms with his father and wife Leslie on a big rolling farm outside of Osgood, Idaho. The operation includes 2500 irrigated acres, potatoes, forage corn, wheat and alfalfa. I caught up with Greg at the YF&R conference in Idaho Falls.

How will you remember 2010?

You know our crop was really good, we felt we were harvesting potatoes that the size might have been down a little bit, but all things considered it was a top quality crop, yields were respectable and the market was the real story, its real strong and looking up.

Did you hold potatoes back?

We market them throughout the marketing season, just based on market price. We don’t do forward contracting with buyers. We have a sales organization that sells them as we package them. We're in a Co-op group and we average the price from harvest time to late in the summer when we run out of crop, so we kind of share the ups and downs as a group.

Are you encouraged after a good year?

Yes, I was just talking to my Dad the other day, we talked about the optimism in the market. We couldn’t be happier with the movement we've had. It looks like we will finish even stronger than we started, its good and we’re happy.

Going into the 2010 season did you think it was going to be a good year?

Yes, we struggled the year before but we had high hopes and we surely haven’t been let down.

What will you do next year to keep yourself competitive?

It all boils down to making money. We don’t plan on planting more potatoes than last year. We figure a more consistent pattern is the best for the potatoes, so we are not planning on planting more. But there's talk that we might be able to get some contracts with processed potatoes, the contracts look good so that’s of interest to us.

What are your plans for rotation crops?

We are looking to forward-contract with some winter red wheat, that’s a rotation crop that we grow quite a bit, generally we don’t contract too much if we do, we contract just 50-percent of any crop. This year I think we will get pretty close to that 50-percent contracted and hopefully for harvest delivery. The markets are good and with the wheat it’s not like a homerun crop but it’s something you can count on being a good crop

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