Reply
Veteran Advisor
Posts: 2,622
Registered: ‎02-11-2013
0

Dang the top of the grain bin popped off

We see where down again ....if we are to listen to
"Those that know"....it is simple supply and
Demand....so the wheat crop that has BEEN harvested keeps growing in the bins
...so fellows ya better go to town and but some
Log chains and strap the top of the bins down
So they don't pop off.
For the fellows up north....those wheat plants are
Growing like weeds.....sorry....sick joke I know.

Advisor
Posts: 1,381
Registered: ‎06-25-2010
0

Re: Dang the top of the grain bin popped off

Elcheapo,

 

I feel for you and the rest.  I talked to my neighbor today, in Dixon, IL and he told me where all of us traders can go.  And you know where!   He asked me to give him some reasons why the price keeps going down and I told him that because of a bearish report and bigger production, in soybeans, the price takes the path of least resistance.  

 

I know that the cost of production is high and the prices do not help but told my neighbor that the WEATHER can change things in the US and in South America and that can move prices up quickly.   

Honored Advisor
Posts: 7,427
Registered: ‎07-18-2011

Re: Dang the top of the grain bin popped off

The only way this thing works entails stopping production in large areas......The high plains needs to stop producing the other half of the crop until there is a price in place that awards that production...... then the market will work....... and actually have supply and demand drive the market.  The corn belt is too stubborn to change anything and can produce at least cost. (and their closer to part time jobs.

 

The idea that weather will do the hard work for us is just a diversion for famers, that really means "keep planting please, we love your pain"

 

We have producers who, in spite of the last 5 years, have lived most of their lives with a subsidized market and been rewarded for producing more in spite of the trade.  They don't know how to control themselves.

 

We have a spec trade that would have starved to death from 1960 through 2000.  The market was crippled by the federal subsidy.

And from 1960-2000 the farm population could outvote the spec trade.................

 

With the advent of technology and the money flow into it as well as the "flight" from the rural communities to the revitalization of urban populations(where the tax dollars went) and those wonderful short term jobs, we now have the opposite.  

Spec traders can and do outvote the rural population and have much better representation in congress..... The icing on that cake is the fact that every retirement fund in the country is now a spec trader.....Pitting, in many cases, the good of the farmer against the good of his teacher wife when it comes to market regulation and control (and the quick profits needed to keep retirement funds alive).

The US economy is now based on investing and gambling.  Not production............. producing something is now frowned on and considered an endeavor for the weak of mind or the poor in the East.  And producing something has to be bad for the environment... 

 

 

we-have-met-the-enemy-and-he-is-us.png

 

 

 

 

Advisor
Posts: 772
Registered: ‎10-18-2016

Re: Dang the top of the grain bin popped off

A big step in getting production in step with reality would be to cancel crop insurance.  Quit subsidizing people to grow a crop where nature isn't nice to it. 

Advisor
Posts: 2,772
Registered: ‎05-13-2010
0

Re: Dang the top of the grain bin popped off

Jim  -  thinking your on to sumptuuN -

Highlighted
Esteemed Advisor
Posts: 2,448
Registered: ‎04-29-2011

Re: Dang the top of the grain bin popped off

Cancelling crop insurance would raise the cost of food substantially.  It's..............not............gonna...........happen.

Frequent Contributor
Posts: 52
Registered: ‎05-14-2010

Re: Dang the top of the grain bin popped off

Government wants crop insurance to exist. Another way to entice ample food supply. I can see them taking over crop insurance in the future much like health insurance. Another industry to run to "create more jobs"
Honored Advisor
Posts: 7,427
Registered: ‎07-18-2011
0

Re: Dang the top of the grain bin popped off

Crop ins has never actually done that.
There is no evidence it has any effect on acres planted.
Honored Advisor
Posts: 7,427
Registered: ‎07-18-2011
0

Re: Dang the top of the grain bin popped off

Usda promotes that idea?
It is an Iowa wives tale

More likely from this viewpoint. It is used even less on the fringe because the coverage is so poor where the claims are higher.
Veteran Advisor
Posts: 2,622
Registered: ‎02-11-2013
0

Re: Dang the top of the grain bin popped off

years ago, we used to have a tv show about "kids say the funniest"................I think I might have to get an internet channel

and produce a new program.......successful farming posters say the funniest things...........

 

I just saw one of the jewels that jim posted..........oh....we need to stop crop insurance ....so we would quit producing in the

fringe area....as if that is where all this production comes from..........it's not where nature likes it............

 

*** or something similar to that

 

so...........the "fringe" area is the one producing all this grain huh ????

 

how about this idea.......since iowa, ill, and ind, and maybe a couple more...........they produce soo much corn than we do, perhaps

they are the ones producing too much product ?????

 

if you want to punish those producing too much grain, maybe you should look at the areas that produce the most......

 

that would be far more logical than saying its the fringe area.....if we would require a 20 % set aside for all farms in iowa, ill, and ind,

that would do away with our excess.......

 

after all they are the ones producing the most.......

 

I wonder if some here really think about things before they start to type here ??????