Looking at weather, etc. I think I’d just put in a cheap or free floor to make sure that a very expensive but potentially very profitable crop doesn’t turn into a loser.
Like buy a well out of the money put and pay for it with selling two much lower.
That isn’t a walk away strategy but it will probably be a long time before you have to revisit it.
Especially in this crazy world where everything seems to somehow tie into insane national politics, this is the marketing board.
As they say, strategy trumps opinion (and crazy ideological hookah).
Theres a strategy for you.
I’d also buy a pretty serious level of insurance.
