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Online grain marketing offered to Central Iowa farmers

Agriculture.com Staff 03/22/2006 @ 12:08pm

Producers in nine central Iowa communities now have the option of selling their grain to their local buyer over the Internet. Central Counties Coop of Reinbeck, Iowa, and Farms Technology, LLC of Overland Park, Kansas, today announced they have reached an agreement for Central Counties to make available to its customers the patent pending electronic grain marketing services developed by Farms Technology.

The Dynamic Pricing Platform (DPP) electronically connects farmers to their local buyer and their local buyer to the futures exchanges via the Internet and the Web browser. Producers enter the price they want, when they want to deliver, and the quantity to be delivered if their offer price is met. The DPP monitors the markets and displays local cash bids as feedback. If the asking price is reached, the DPP automatically executes the grain sales.

Producers can use the site to check local cash grain prices and futures quotes, place firm offers to sell cash grain out of storage or for future delivery, have the DPP monitor a target price and electronically execute a transaction, view historical local cash prices and basis charts, and check current and historical LDPs.

Each of Central Counties Coop's nine locations will be participating in the DPP: Gilman, Holland, Laurel, Pickering, Reinbeck, Grundy Center, Kellogg, Lincoln, Newburg, Traer, and Marshalltown.

For more information, visit https://dpp.farmstech.com/cc.

Producers in nine central Iowa communities now have the option of selling their grain to their local buyer over the Internet. Central Counties Coop of Reinbeck, Iowa, and Farms Technology, LLC of Overland Park, Kansas, today announced they have reached an agreement for Central Counties to make available to its customers the patent pending electronic grain marketing services developed by Farms Technology.

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