My biggest concern in farming is land cost. I will never be able to buy any ever, it is so beyond insane the prices being paid. $700/acre a year in just interest cost. Will never pencil out. In 20 years there will be 4 or 5 guys left per county, really sad when you think about it
time to focus on other crops-options. the huge input costs - razor margins dont work very well on smaller acreages. time to move on to healthier options /crops for many smaller producers.
Been trying to tell people this for many years. Think communism. This is how it was in the old Soviet Union. This is all by design. Destroy the federal reserve bank. Bring back the gold standard and work ethic.
Heres a tin foil hat moment......maybe all those fancy new green combines are having their yeild monitor info "collected" and JD is passing that info on. And maybe said info is showing yeilds are not as great as expected
Winner! I don't know how any red blooded American is ok knowing that a guy like bill gates has access to what, where, and when you seeded, sprayed, and everything associated with your farm business. And pay subscriptions every year. Let that sink in
Several years ago I read a story in our local daily newspaper that Mayo clinic health services had more number crunchers than doctors. I have seen the results of those numbers personally tell the results of treatment of a illness so there's a lot of information being collected in other areas of our life too. Grid sampling, crop insurance, yield data are just a few items there's no privacy!
Well we went from my county in pa being declared a disaster do to drought to 10 days of rain and warm temps now the beans are starting to sprout and so is the corn
nw central ohio. its to wet to run beans , so running corn. the beans that came off, looks like 5 bushel header loss sprouting in the fields, from the guys that got in early. the guys in the pits are saying 150-160 bu/ac corn from the gossip, on early corn. the late corn will be much much less. the winning play was those that built up their soil for years before. i'm working ion that corn field its just really slow and no yield monitor, funky shaped field and cant even give a estimate.
Its hard to sell for a loss. I know you cant account for basis on your recommendations Joe but it is the reality. Alot of us would like to make a move but when you are facing -50 basis plus another .24 to deliver it we are not there yet.
"Unkown destinations". I'm curious, why does USDA (or traders/sellers) hide the identity of the buyer? Also, if not China, which other buyer(s) would buy at those quantities?
Everyone i talk to is very pessimistic. We are very optimistic, we were able to upgrade combines and heads for I'd say cheap, and the possibility of land prices dropping is very real. With the downturn comes opportunities
