There really has to be an adjustment here. The world will not pay $4 corn, people will eat less or produce more the world over at those prices. Never mind the 7 or 8 dollar corn we had for a short time....
We can't afford $350 a bag seed corn, don't care how good the traits and breeding is in it. $125 to $150 an acre to the seed company doesn't work at $3 corn, just doesn't.
Fuel prices are going to stay high, with the low dollar.
Some farmers will make it through the adjustment fine.
I'd sure hate to be an equipment dealer. Everyone in farming bought up and bought new in the last 5 years, there is a whole lot of excess equipment out there. Times get lean, and no one has to go to the dealer for 3-5 years.
That will be very, very lean times for dealers. When the mega stores fold, what does that leave for us to get parts from?
Around me most farmers run 300-600 acres of row crops and have either an 8-5 job or else trucking or other second job. I think they are in the best shape to get through.
Those with the mega farms as the sole income, well when it blows up it blows up big, how do you recover, you just have to walk away. And done.
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