EWS Farms is a cropping operation in northeastern Colorado growing dryland wheat, dryland corn, and irrigated corn. Dryland crops are grown in a three year rotation (wheat-corn-fallow) on 2100 acres. The farm also has 500 irrigated acres under center pivots on which they grow irrigated corn. In marketing their crops each year, the farm considers the following alternatives: cash sales delivered at harvest, forward contracting sales delivered at harvest, and hedging opportunities.