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03-15-2017 05:54 AM - edited 03-15-2017 06:00 AM
Since we all know that spending assets to grow a commodity which will more than likely result in a loss, what do you suggest we do? How do you get off the treadmill toward financial ruin? It is patently obvious that no one in Chicago, or anyplace else has our best interest in mind when they are fixing prices and lying their ***** off about supply and demand to suit their paper trading schemes.
My phone has been ringing off the hook with pollsters from SF, USDA, and every other Tom Dick and Harry asking questions as to planting acreage intentions and HOW MUCH GRAIN IS LEFT IN STORAGE. I'm sensing some panic out there.....and also seeing some serious denial from growers regarding the state of financial ruin we are heading toward at the current market levels, given our inputs etc.
I feel we are approaching a real SHTF moment on a Global scale....not just in Ag...Everything is built upon lies. A House of cards built with deceit by evil men in high places.
The American kleptocracy (a government ruled by thieves) continues to suck the American people down a rabbit hole into a parallel universe in which the Constitution is meaningless, the government is all-powerful, and the citizenry is powerless to defend itself against government agents who steal, spy, lie, plunder, kill, abuse and generally inflict mayhem and sow madness on everyone and everything in their sphere. ZeroHedge
03-15-2017 10:22 AM
I am just trying to address the facts that I see and ignore the opinion I read or am told. Facts are hard to extrude, opinions are easy to print. And try very hard not to let myself drift off into a meaningless drivel about social responsibility... all that begging is unbecoming.
The biggest choice a farmer has is to produce or not to produce.... the reasons are irrelevant....Everyone has a different situation.
If you produce you might have a chance of survival in farming....... and if you choose not to produce you are done. You either spend your assets on another crop or maintenance on idle land...or get another career.
The rest is just drivel to save for the politically provided counselor who lives off taxpayer dollars.
03-15-2017 06:06 PM
well I thought I had written on this post already....looks like it has went to the great electronic place in a far away server.
BF...i'm like you, I too am searching and trying to figure out what to do. With all that I've done and read, i'm still not the
sharpest knife in the drawer. I too am looking things over trying to figure out what to do next. This past year was one
of the worst we have ever had.
I think SW is right in some ways, you either plant and take a CHANCE you'll make some money, or do nothing, and
idle, but you'll still have expenses, so it adds up to a loss.
I guess you have to put as many odds in your favor when you spin the wheel of chance with planting. A fellow a while
back asked me for some advice on some things. I'll just basicly re-run what I said. The first is soil fertility, test. this
fellow didn't test, just fallowed a rule of thumb...this fellow tested, and he only needed half of what he was going to apply.
Another thing I will say, I encourage using the extension/land grant university lab. I've did an experiment a couple of
times, i'd send a sample to the university, and one to a private lab....different result, same sample. They usually
are much higher in cost, and like to run trace elements, which is usually of little if any value.
Do your homework on your weeds, know your foe's in the field, sometimes some of the older chemistrys will do
just as well as the new high priced stuff. Also shop around, I've found a lot of difference between suppliers
just a few miles apart.
Marketing...this can generate a significant amount of income. don't think about chasing the market....I've found
it easier, and more profitable to be a position trader or seasonal trader....let the market come to you. We know
that markets go down durning harvest....MOST..of the time, so position yourself so if and when it occurs, you
profit from it.
we have went over the bin not to big subject here many times...overall it is profitable, but if you are trying to
conserve funds, it wouldn't be the best time to be building bins, due to the returns will not be all in the
first year to pay it off.
a lot of things to consider....reminds me of the saying If it's and but's were candy and nuts, we would all
have a merry Christmas.
I guess it's like the Kenny Roger's song.....you've got to know when to hold'em, and when to fold'em, and when to run....
I guess the question is, how good of a poker player you are, and the draw of the cards......
I think i'm holding a pair of deuces......with a non matching assortment
03-15-2017 06:33 PM
I guess I missed something from either side of the ''' political isle ''' when it comes to Monopoly on genetics --- Every group representing AG in one form or the other couldn't flock to the podium to '' grandstand '' about '' feeding the world '' & bashing things such as ORGANIC , NON GMO , and ag was going to '' spray '' and '' export '' to the $$$$ promised land ---
Consolidation being the new norm in transportation , retail , food , industry, finance , education , heath care, communication etc. etc. and now reality setting in on the rural landscape has the shutters squeaking in small town becoming a unpleasant norm ---
Our land-grants remedy is ??? - consolidation doesn't seem to have etiquette ---
03-15-2017 07:55 PM
k-289 I'm a bit confused......with the economy soo good that we are going to raise interest rates, how we are going
to create more jobs, and we want to start all these new business starting.....then why are we merging....merging
usually ment that one of the two was in need of help, or both went together, so they would come out stronger......
if all the signs are UP...shouldn't mergers be going down ???
03-15-2017 08:55 PM
El cheapo - latest play by Fed - the game to hold my job - headlines ---
$350 seed units have sorta played there hand & it appppppears stocks & bond markets are the fad for the moment - who really knows ?
Fundamentals like I stated have VERY little EtiQUITTE with the shuffle of gobs of $$$ daily - it is an amazing game - try not to get pushed to ALL INN on 1 hand ---
03-22-2017 07:01 AM
For a bit of balance against the gloom in this thread, 120 acres sold at auction last night in our county.
$11,416/acre, just about as high as it has ever been here.
All bought by a farmer who will pay cash.
Times are tough? Depends on your business model and cost structure.