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03-15-2019 07:22 AM
Until you know your yield and price, all crops have the potential of being profitable. Planting delays look highly likely around "here" but if the weather turns around and gets extremely nice to counter the degree that it`s been extremely crappy, we might get in the field before May. But I fear it`ll be another one of those years where Jim Meade and over in Illinois there will be reports of "perfect growing conditions!" and the even lower prices will trade on that, while northern Iowa, S Minnesota continue with the bullseye on our backs.
Then they`ll say "you haaaad the opportunity to sell $4 corn and $10 beans!" like fun we did! We only could`ve only locked in $3.60 corn and not even $9 beans at this point.
But I guess top third marketers lock in the small loss and "buy a call!"
03-15-2019 09:23 AM
Have you ever been able to plant a crop with the assurance of profit at planting time?
And if so what year?
Even in 2012 &2013 I remember not being able to raise a crop without pumping large amounts of water, and thinking this was going to be a race between the input costs and the farmer to see who got the potential profit prize.
03-15-2019 11:15 AM
How does one exactly figure "profit" these days? After 5 years of resigning myself to just donating my time, labor, living expense, owned land costs and machinery & bins that "I have anyway", don`t know if I recognized a "profit" these days if it bit me on the behind I think it`s called "burning equity" and that can be a silent & greedy partner.
If we are going to have planting delays, this is how it starts...course it can start anytime, April 25th and a 7" downpour and 2" a week there after can knock you on your can as well. But just because NIa and SMn are Swamp Loggin` .."don`t get that feller stuck Simitrio!" doesn`t mean the rest of the corn growing areas won`t have it good and the DeKodies like a lot of rain.
03-15-2019 07:35 PM - edited 03-15-2019 07:45 PM
You won't like the answer Elchappie
Corn, and, Soybeans
ROE of 12% in 2018
Of course, we don't waste money on tillage, or insecticides, or fungicides,
or triple stack genetics, or lots of other things, still run 9770's to cut seed
beans for example. Old trucks, old pickups, but brand new GPS controllers,
computers and software, and a little hog/chicken litter thrown in to help build Carbon (OM).
To be fair, 25% of that was the Trump Bump, since we sold all the beans in March of 18. :-)
"It was the best of times, it was the worst of times" from Dickinson seems quite
appropriate for crop ag these days.
Most don't know the rest of the paragraph, the most important part of the opening...
"it was the age of wisdom, it was the age of foolishness....it was the season of
light, it was the season of darkness, it was the spring of hope, it was the winter
Ageless words that have meaning every day, for just about every one.