How to price corn for silage as a crop standing in the field is a perennially challenging question. The optimal answer will vary depending on your point of view — are you buying or are you selling?
To the grain farmer, the corn crop may have more value than just the income from the sale of grain. If the crop is sold as silage, the corn fodder is no longer available as ground cover and/or as a source of some nutrients and organic matter. This creates a potential opportunity for the dairy to provide some nutrients and organic matter to the corn fields from manure.
Click here for tips on pricing strategies from experts at Ohio State University.
Remember, it is critical that both parties agree on price, payment method and timing, crop measurement, restrictions and similar details before the crop is harvested Ideally, the agreement should be in writing and signed by both parties. These agreements are especially important when large quantities of crops (and money) are involved.