As we heard on yesterday’s program, one alternative for protecting the price of new crop canola is the Spring Price Endorsement. Neil Blue, market specialist with Alberta Agriculture, says farmers with their own futures account may also consider buying a put option to lock in a minimum futures price while still being able to take advantage of a higher price should that be available. I asked Blue how that would compare with the Spring Price Endorsement.
Interview with Neil Blue (2:53 minutes) (1.32 Mb)
Neil Blue is a market specialist with Alberta Agriculture.
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Source: Agriculture and Rural Development