Posted by 2 Old 2 Care on November 16, 2014 at 17:03:51 from (71.30.224.159):
In Reply to: Farm economy posted by kickinbull on November 16, 2014 at 13:34:56:
Lot's of reasons.
Before anyone goes from zero to big dollars, they gotta get back to zero. It's been a rough few years leading up to this. Time to pay down debt before going on a spending spree.
Many cattle operations are still herd building after selling down to the lowest numbers since the '30's. Can't sell everything standing....
And even with the high beef prices, it's just been relatively recently that feed cost has dropped back to reality. High prices don't always mean high profits.
And most importantly, just because there is money coming in, that doesn't mean you have to run right out and spend it all. It may be a prudent move to see if these high prices hold. May just be short run up.
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