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<blockquote data-quote="bird dog" data-source="post: 1796570" data-attributes="member: 5381"><p>It doesn't matter Djm. As mentioned your calves don't really matter size wise or quality. . Its a hedge on the market price. The only real part you must have is a equal amount (or more) of animals for the number that you hedge. No one is going to come to your farm to weigh calves but they do have the right to come out and count your numbers and to make sure they are close to the range you hedge. You do not have to do all the calves you own. If you want to keep it accurate, throw out the smaller calves and just buy a contract fore the bigger ones. Last year I had about 50 calves in all weight ranges. I contracted 40 in the 599 lb max weight. </p><p></p><p>This is a USDA program and they will notice if the numbers hedged are out of whack. For example if you buy a contract for 200 calves and they show you having only 50 acres of land, it might trigger a suspicion that something is off and they can request a visual confirmation of your calves.</p><p></p><p>If you participate in any other USDA program, they already know the basics of your land and facilities.</p></blockquote><p></p>
[QUOTE="bird dog, post: 1796570, member: 5381"] It doesn't matter Djm. As mentioned your calves don't really matter size wise or quality. . Its a hedge on the market price. The only real part you must have is a equal amount (or more) of animals for the number that you hedge. No one is going to come to your farm to weigh calves but they do have the right to come out and count your numbers and to make sure they are close to the range you hedge. You do not have to do all the calves you own. If you want to keep it accurate, throw out the smaller calves and just buy a contract fore the bigger ones. Last year I had about 50 calves in all weight ranges. I contracted 40 in the 599 lb max weight. This is a USDA program and they will notice if the numbers hedged are out of whack. For example if you buy a contract for 200 calves and they show you having only 50 acres of land, it might trigger a suspicion that something is off and they can request a visual confirmation of your calves. If you participate in any other USDA program, they already know the basics of your land and facilities. [/QUOTE]
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