Re: High fuel, I love it.

Posted by 1206SWMO on March 09, 2007 at 07:59:42 from (70.41.34.250):

In Reply to: Re: High fuel, I love it. posted by IaGary on March 09, 2007 at 03:36:51:

Gary,
I agree that $3.00-3.50 corn is needed but I think that we will
be better off with $2.00-2.25 fuel.None of us that farm want to
see $2.00 corn again but the consumer doesnt want to see
$3.00 plus fuel either.We need a happy medium somewhere.

Like I said I live in an area of low wages and $3.00 fuel kills
the economy here.Lots cant seem to quit driving so all their
money goes towards fuel instead of other items.Lots gets put on
charge cards.It was just a few short years ago when fuel was less
than $1.00 per gallon.Things need to go up in moderation
instead of doubling overnight.That can lead to huge problems
on down the road.

Our auto industry is tottering on the brink of disaster.Their
vehicles are getting too high priced and are selling poorly.Their
profit is all in the high priced stuff that isnt selling good.

In the early 1980's the farmers took the hit but this time it may
be our urban friends that take the hit.Far too many are head
over heels in debt and are living on the edge..Any glitch in the
economy could take lots of them down.Credit card debt is
staggering and savings are at an all time low.

I work a good paying factory job but I'm taking home the same
money that I was 4 years ago.The way things sound I will be
taking home the same money in 2011.Why is that?Its because
health insurance premiums are going up faster than our wages
are.Our buying power is fastly being eroded by excessive health
care costs.They are expected to double again in the next 10
years.Our country faces a tremendous problem here.

As a farmer I think that we had better enjoy high grain prices
while they last.I fear that our input costs will rapidly rise to meet
$4.00 corn and that we will soon be making the same profit
margains as we were with $2.00. corn.

I think the farmer that owns his land free and clear is going to
be lots better off than the ones that rent.Too many will run land
cash rents to the sky and take the profit right out of farming.I
hear of cases where the land owner is taking back his land to
farm it himself or is hiring it custom farmed.

I remember 1974 when after a having a record year farming in
1973,that everything from JD tractors to sugar got in short
suppply.They had a controlled shortage to drive the price of
stuff out of sight and it worked.You couldnt even buy fuel on
weekends.

I think that things are going to be real interesting in the next
few years.I think we'd better buckle the seat belt and hang on!

Replies:

• Re: High fuel, I love it. Hugh Mackay 12:47:23 03/09/07 (0)

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