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Senior Contributor

You've been played!

    You guys have busted the governments inturpitation of the bin.Now you seem to be facing lower cash prices in 2014.You were warned,manipulated,and now to the bears,the party is over.I would put the hay field back,and the next time around leave it in rather than plant the farm wall to wall(just trying as hard as you can to beat a good price lower.) You realy were not that high if you compare corn and bean(wheat) with post highs of the last 40 years.Not even close to in tune with the cost of building,buying a pickup,tractor,ins.rates or even the cost of your own inputs.ie fert fuel,rent,shop rate on equip you are not qualified to work on yourself anymore.Plant back the forage,keep the bin closed,and call the bluff,prices were not that high for the now days.(call the bluff!)               Cuss me,and I will hit you back with some!  

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19 Replies
Senior Advisor

Re: You've been played!

No one was played. The market did what it was suppose to do, ration a short crap then insured and larger one would be planted to keep the end users supplied.

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Senior Contributor

Re: You've been played!

    I would say that producing enough to run a price below production cost,(doing so knowingly) on purpose and then letting the end use set your low is getting played.All the while real time carry is just an crop failure away from another round of tight supplys.

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Senior Advisor

Re: You've been played!


@ray h. wrote:

    I would say that producing enough to run a price below production cost,(doing so knowingly) on purpose and then letting the end use set your low is getting played.All the while real time carry is just an crop failure away from another round of tight supplys.


Well then you need to cut back for next year.

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Advisor

Re: You've been played!

I would say played it right.  Took advantage of high prices, now time to shift to the next "hot" crop.  No problems.

 

BTW, prices are no where near COP if you own your own land and paid off the loans with these great years!  Instead of being addicted to new paint.

 

 

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Senior Advisor

Re: You've been played!

Hey I like new paint, I just choose to put it on my old iron.  Smiley Very Happy

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Senior Contributor

Re: You've been played!

    I love new paint on old iron,I also like some new iron.It is just discusting when some of these fellows that have great greandpas,grandpas ground and then what their daddy added to it all given to them,then just figure that they can supply markets with out figuring a decent rent check to the family!Giving there heritage away or fueling socialism!

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Veteran Advisor

Re: You've been played!

does your co. even have a clue on soy?

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Advisor

Re: You've been played!

Ray, shame on them and shame on the family for allowing it.
BUT only the family can decide what is right for them.
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Senior Advisor

Re: You've been played!


@ray h. wrote:

    I love new paint on old iron,I also like some new iron.It is just discusting when some of these fellows that have great greandpas,grandpas ground and then what their daddy added to it all given to them,then just figure that they can supply markets with out figuring a decent rent check to the family!Giving there heritage away or fueling socialism!


I think I understand how this works now, everybody cuts back but you.

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