We've had pretty good rains all summer which is unusual. Normal is good rain through June into mid July then dry but not this year. Therefore i think the crops will be slightly better this year but we'll see if the profits hold up. I do agree with JDseller that prices will trend down for the next few years, the question is how far and the impact to crops. Our local elevator is owned/run by Perdue the chicken man and they have run out of corn for feed--just offered $1.30+ premium with no penalties for corn; this week only. Last year was a pretty average year i.e. not a poor crop. So I suspect Perdue has either expanded too far or they sold corn too deeply to meet ther own needs. Also they've been a little chicken-sh** the last few years with the farmers. Lot guys have put in bins and are selling out of the area--we are not that far from Norfolk and the large foreign shipping companies. Some guys are hauling to Penslvania (sp). My opinion is prices have to allow us to at least break even.
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