My guess Randy is the bean prices are in the tank due to the huge amount of beans planted and the record crop that it appears there will be. Add that to the last few years of record crops of beans, and you have low prices. Farmers here in the Midwest, me included, have planted beans, double cropped planting beans, and people around here in KS have left wheat acres out to go to beans, as wheat has been in the tank for the last couple of years. It does not take a Brain Surgeon to realize there will eventually be more beans than there is a market for them all.
So in other words, maybe the Farmer is his own worst enemy. I've said this before, but the old saying is true: "You Can Not Produce Your Way Out Of Low Prices"
Hogs, on the other hand, have always been feast or famine, due to quantity on hand. My FIL owned a 4000 sow, farrow to finish hog operation from the 50's to the early 2000's. He saw it many times. The prices would go up, farmers would borrow money and get into hogs, and the price would crash, the farmers would go broke, or have to sell off assets, and then the cycle would start over again.
I do not make my whole living off of farming, but I know for a fact that there may need to be sacrifices made. It is in no way as easy as "He said She said" Bob
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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