Don't feel bad. The correction is coming. Wait until you have these input costs next year, or worse... and probably half the price for the corn. It's just another cycle. There won't be many that will make money from the cycle because they're too busy paying big rent for land that they can only make a pittance on to begin with, and then going in debt to their ears to buy equipment at the top of the market... with the appropriate payments for the next 5 years on that gear. Give it 18 months and there's going to be people singing a far different tune. For this, you can thank ethanol... an industry itself that only seems to exist for the subsidies it can collect. If congress or a new pres decides that it's time to make it stand on it's own two feet, that will collapse too. It may collapse anyway now that energy prices are falling. It was all going grat when oil was rising and leading the price. Now that oil is falling, the rest will follow it down. Naturally, the farmer that paid the big dollars to get in when it was going big is going to pay the price when it's going down...
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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