Two yrs ago we said $4 corn is the new "$2 corn"
I guess now $2 corn is the new $4 corn
it wouldn`t be so bad if Terra Industries and Mosaic and Monsanto and DuPont said "Yippee! let`s sell our seed and fertilizer 50% cheaper...yes ain`t this fun!".
But I hear, "ooooh, don`t be looking for seed to be any cheaper, it might go up a little....oooh fertilizer might come down a little, but not much. ooooh, chemicals are gonna be higher".
Yeah....and we got some farmers saying "Oh I love low grain prices! Love it Love it Love it! let`s take corn down to 35¢ a bushel! That would be terrific!". And we wonder why things are between screwed up and messed up. XD
Re: Two yrs ago we said $4 corn is the new "$2 corn"
Those are terrific prices, James. I remember getting $22/bushel for clear hilum beans, I think $4 for the corn about 15 yrs ago. However, in a 5 year plan you can raise beans 1 year, corn the next, probably oats or wheat in year 3 and hay or pasture in year 4, then go back to beans in year 5.
See, at any one year, 40% of your fields will be tied up in oats or hay. And that might be fine if you`re heavy into livestock and have hilly ground. If you have ground that year after year you can get +200 bushel corn, after you put a pencil to it, that seems to make the most sense.
I am pro-organic, it`s just it doesn`t fit every operation. Here is the USDA organic rules