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 - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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