You said that they are going to raise the limit to 60 cents a day. I hope it ISN'T to get the price DOWN. The price is NOT going to stay like it is forever. However, the price of fuel and fertilizer probably will. So when wheat goes back to the $3.50/bu. range and fuel stays at $3/gal., fertilizer at $550/ton+. what is going to happen. Personally, I think there is going to be a BIG wreck. We sold wheat off the combine the middle of July 2007 for $4.99/bu. Was waiting to get $5/bu. but it looked like the next day it was going to go down. Sold some more in October for $5.92. Was waiting for $6, but my wife said it was NEVER going to hit $6. I have to tease her everytime the market goes up. She's not seeing the humor anymore!! Anyway, we had a little overrun on our contract, and got $7.47 for that. Now we were very satisified with the prices we recieved, but if we would have waited...... We would have been able to do a much needed update on several pieces of equipment. When I checked the local elevator last Friday, cash prices were over $12/bu.!! But no one has any around here. Can contract 2008 crop for over $10/bu., but we don't know if our winter wheat has winter killed, as some of it didn't look very good last fall. So I think, or I should say I KNOW, wheat prices are NOT going to stay at the level they are for very many years. It is just a matter of time before the prices drop like a rock. Just don't know WHEN and how FAR!!!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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