Uh-oh, a farmer's making a buck. Everybody drag him down!
I do not understand this mentality. It's one of the main reasons I did not stay on the farm when I graduated from college. You can't make money and when you do all your fellow farmers do their best to make sure it doesn't happen again.
"Feedlot farming" is a lot like a variable rate mortgage. When grain prices are low, you can afford to buy all your feed instead of growing it. When grain prices are high, you lose your shirt!
The only way to do it right now is to grow your own feed. If you can't grow enough of your own feed to support your herd, you have too many animals and you need to get rid of some.
Don't cry that the grain farmers should be giving you CHARITY because they're making money and you're not. You chose the flawed business model that only works when commodity prices are low.
In reality you may end up making MORE money with fewer animals, because you've lowered the supply. There will be a short-term glut on the market, but 6 months down the road there will be a meat shortage and prices will skyrocket!
Farmers don't typically understand basic economics. Their answer to dropping prices is to increase production, same as if the prices are rising... I just don't get it.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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