I agree, this high priced oil has helped make high priced corn. That being said, I believe we will see corn prices fall regardless of oil prices. We are seeing commodities at very profitable levels and the same can be said in other places around the world. According to the experts the largest wheat crop in the history of the world is out there looming on the horizon. Untold millions acres are coming into production, or being utilized better, in areas of the world because of the profit levels we are seeing and the crippling effect these grain prices are having on livestock operations will play into the likelyhood that in the next calendar year there will be no shortage of grain in the world. Grain supplies world wide right now are at record low levels. That coupled with the domestic demand has given us high priced corn. We all know high priced corn cures high priced corn. I have the same concerns as gary, if the markets fall we will quickly become unprofitable with inputs at these levels. After a very open discussion with my fertilizer supplier last week I am more discouraged than ever about where inputs are going. I was asking about buying fertilizer and NH3 for next fall. He said he didnt think they could go any higher and maybe I should wait a few months and see what happens. I asked him "is that what you would have told me a year ago" he said "yea probably" and we know how much it changed since then. I finally asked him if he had any good news and he said "no". He virtually promised that inputs would not fall back to old levels. What is going to make that worse is the fact that I am looking at buying inputs for 09 and the only way to cover that is to take a board position and risk a bunch of margin calls which are costing the big boys hundreds of millions currently. I'm not complaining, this is a very exciting time in agriculture and we are seeing history made everyday. Looks like we will get a chance to make money for a couple of years but the future isnt so clear. bill
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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