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sorta like posting on agriculture.com

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7 Replies
Honored Advisor

Re: sorta like posting on agriculture.com

??? further explaination needed

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Re: sorta like posting on agriculture.com

Merely that once you start, you can't quit.

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Veteran Advisor

Re: sorta like posting on agriculture.com

Glad you said posting and not POSTERS!

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Advisor

Re: sorta like posting on agriculture.com

Like it or not J.R. We're all related to that rascal one way or another...LOL Smiley Happy

 

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Senior Advisor

Re: sorta like posting on agriculture.com

It looks to me like he is pondering whether to take a  chip out of the can or leave it in there. Like we have guys wondering whether to sell some or keep the bins full with people on both sides offering advice.

 

Perhaps we are all fearful of selling to cheap. Some that are fearful that they sell too soon and some fearful that they sold too late. I'm in the later group in that I hate to take less than previously offered. Those on the other  side don't want to be out of supply should it go higher. They are looking for the high in the market but will never recognize it when it is here. SO they will continue to hold and ultimately suffer what I dread the most. Selling lower than a previous offer.

 

I've sold alot of beans for $3 to $5 per bushel. I do not regret selling them before they got to $14 per bushel.

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Senior Contributor

Re: sorta like posting on agriculture.com

Should have kept them three dollar beans would paid you good storage and interest even if you had to hold them for ten years.
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Re: sorta like posting on agriculture.com

Knew a guy, back in the day, farmer and bin builder. The 80s you could keep beans under loan forever and he just kept building bins and keeping a number of years' $5 beans. Sold 'em all for $9 in June '88.

 

Even better back in '96 I was in town and saw a local farmer sitting in his truck and he motioned for me to come over. He showed me a coffee can full of the nastiest corn you'll ever see. Said he'd had about 3,000 bushels in a harvestore for 5 years and was wondering if it might be the time to get rid of it. My opinion was that if you're ever going to get a penny for it this would be the time becasue old corn was like $5.50.

 

Co-op was loading a train that week and paid him something better than $3 at 100% damage and blended it in. e was pretty happy since it was wort about $1.80 when he put it in.

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