Tuesday, November 9, 2010

November 9 - Class Update

Today Mike Duffy came and talked to the class.

Public Relations: Last week we had committee work time and worked on the strategic issue. We also took pictures of the farrowing building being torn down.

Buildings & Grounds: Our committee with the help from a few other volunteers got the whole west side of the farrowing building down. We also took a load of scrap iron to Bell Salvage and received $250.

Marketing: We sold 1/4 of the 2011 corn crop and 1/3 of the 2011 bean crop for a total income of $106,000 guaranteed for next October delivery. As for our current crop in storage, we has about 1,000 bushels of unsold beans left in the bin so we sold 500 bushels for $12.10 per bushel.We also had a nice surprise of 582 bushels of corn that had been stored in Slater since 2007. Sold that for $5.40 per bushel. Prices are at record setting levels!

Machinery: We've been keeping up with the machinery, but it keeps breaking down.

Customs: We are winterizing the hog barn, curtain repairs, blowing out the furnace, getting the pump ready for manure hauling!

Crops: We're in the process of purchasing seed for next year. We currently have met with AgriGold and Pioneer. Last week, we met with TJ from VanWall and went over our maps from harvest out of the combine unit.

Finance: We are working on our experiential teaching project for Thursday. Other than that we are just updating the cash flow daily and getting departmental things taken care of.

Tuesday, November 2, 2010

November 2 Class Updated

This week we are having committee work time to be outside and work on out strategic issues.

Public Relations: Last week we started working on our strategic issue assignment and will continue working on it this week.

Buildings & Grounds: We continued tearing down the farrowing building and started to work on our strategic issue assignment.

Marketing: Last week we future contracted 15,000 bushels of corn and 3,000 bushels of beans for next October 2011 delivery. Corn price was $4.93 per bushel and beans were $10.93 per bushel totaling to $106,000 worth of commodity sales.

Machinery: We are working on the chisel because the seal is out. We are also going to take the corn head off.

Customs: We worked on our strategic issue.

Crops: The test plot was harvested last week. We are completely done with harvest now! Still in the process of ripping....rippin and the tearin, rippin and the tearin. We have good dirt!

Finance: We are continuing to update the cash flow including updating the departimental statement.