India and several African nations use pro millet for human consumption.
Angola, Senegal, Japan and Western europe are the biggest export market for U.S Proso Millet.
Proso Millet prices have historically been higher than corn or sorghum
Proso prices have ranged from $2.50 to $22 per cwt over a 5-year period
Dehulling process is needed fro Proso millet to supply both human and animal needs
Proso Millet can be used for mushroom production
Estimated price in future month = (Index of future month * Price current month) / Index of current month
Prices of Proso Millet tend to peak
in December and again in April
Use storage to take advantage of seasonal price patterns.
Calculate the production costfirst. Then Seerk price protection ( In the cash contracts with an elevator or direct cash sales at planned price targets)
If producers can achieve yield near 20cwt per acre and have marketing strategy Proso Millet is a profitable dryland crop.
Proso Millet is relatively cheap to produce.
Proso Millet has extensive market system in western Nebraska, eastern Colorado and south Dakota