Jerry Gulke: Reown with Calls? Buy or Sell?

Options have two purposes: to re-own sold grain (call options) or to put a floor under prices (put options).

Analysts recommend puts or calls, but we rarely hear a price outlook associated with this rationale. Why would I pay good money to re-own a product that doesn’t have good fundamental rationale for going higher? Rather, I often sell calls for the premium.

John Phipps: Econ 101 is Broken

John Phipps loved Economics 101 and its follow-on models and explanations. But like the earth-centered cosmology of centuries ago, tiny problems are revealing it at best an imperfect description for how economies work; at worst, a delusion that impairs our ability to plan any future.

Texas Farmer Forms Mentoring Partnership With Five Employees

“I’ve been thinking about something like this for years, because my employees are part of what has made my business successful,” Casey Kimbrell says. “And I wanted to have them be able to share in the ownership of it.”