Robert Utterback is a registered commodities representative
(broker) and the President of Utterback Marketing Services Inc. in New Richmond,
Indiana (south of Lafayette, Indiana).
He has
considerable experience in the farm production area. Born and reared on a farm
in Central Indiana, he learned at an early age the value of hard work and
experienced firsthand many of the problems associated with farming.
Mr. Utterback earned his bachelor’s degree from Purdue University in
Agricultural Business Management with a minor in Agronomy. At Oregon State
University, he received his master’s degree in Agricultural and Resource
Economics with a minor in Business Management.
His first major employer after graduating was the Purdue University Cooperative Extension Service. As an Area Farm Management Specialist he worked with farmers in a five-county area (1978 to 1980) with virtually all aspects of farm production and marketing. From the spring of 1980 to 1985, he was the Hog Market Analyst for AgriVisor, Inc., a division of Illinois Farm Bureau. After that he was the Chief Market Analyst at Top Farmer and Farm Futures magazine and has been the Outlook (ag market) Economist for Farm Journal magazine since 1993. He became a broker in 1990 and established his own brokerage office shortly thereafter.
Bob has strived to develop marketing strategies/plans that assist farmers and elevators in selling and buying ag commodities. His brokerage office is located approximately 15 miles south of Lafayette, Indiana, in the midst of a small farming community. He and his staff implement trades for individual farm and farm-related operations throughout the United States utilizing cash futures and options. He also develops personalized market plans for a limited number of his brokerage clients based on their input, his own research and market experience. You may have read his outlooks in Farm Journal magazine and his daily market comments and strategies at Utterback Marketing’s Web page (http://www.utterbackmarketing.com).