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 - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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