Re: High fuel, I love it.

Posted by 1206SWMO on March 08, 2007 at 22:54:52 from (70.41.34.250):

In Reply to: Re: High fuel, I love it. posted by IaGary on March 08, 2007 at 17:29:38:

Gary,
I'm on both sides of the fence as I both farm and work a town
job.I'm in an area of mostly $10-12 per hour jobs.There are very
few $20 per hour jobs here.$3.00 fuel really puts the whammy
on things here.Just ask the local car dealers.This area does
better on $2.00 fuel.

I think that in the long run $3.00-3.50 corn would be in
everybody's best interests.We can all make a decent profit at that
price.We dont need it going to $5-6.00 per bushel.I farm with all
older machinery and it costs me $200 per acre to put out
corn.On ground I own I can make $280 profit on 120 bu corn at
$4.00.

In 1972 land was $200 per acre here.By 1980 it was
$1000-1200 per acre.In 1972 cash rent was $20 per acre.By
1980 it was $40-50 per acre and then came the 1980's with
Drought and 20% interest which ruined tons of farmers in this
area.Too many bought high priced land in the late 1970's.

Tons of money was made here in the 1970's as grain prices
were pretty decent and input costs were cheap..Beans got to $12
per bushel in the winter of 1972-73.Wheat was near $5.00 per
bushel in 1974 and in 1979.I had beans contracted for $9.28 in
the fall of 1977.In 1979 I cleared $300 per acre profit on wheat
and double crop beans.This was on $40 per acre cash rent
ground.

In 1976 I cut 25 acres of milo and wrote a check for $6076 for
a new 1976 Chev K-20 pickup.

Cash rent has been $60 per acre but now some are offering
$100 per acre and we've had drought after drought here.2006
was a real poor year here.Just 4-5 years ago land was $1000 per
acre and now its $2-3,000 as the outsiders are coming in.

I think that we are in for a wild ride and I dont want to see it
turn in to another 1980's..

Replies:

• Re: High fuel, I love it. Hugh MacKay 02:02:42 03/09/07 (4)
  • Re: High fuel, I love it. IaGary 03:36:51 03/09/07 (3)
    • Re: High fuel, I love it. Tim(nj) 15:30:54 03/09/07 (0)
    • Re: High fuel, I love it. 1206SWMO 07:59:42 03/09/07 (1)
      • Re: High fuel, I love it. Hugh Mackay 12:47:23 03/09/07 (0)

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