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 - Identifying Tractor Smells - by Curtis Von Fange. We are continuing our series on learning to talk the language of our tractor. Since we can’t actually talk to our tractors, though some of the older sect of farmers might disagree, we use our five physical senses to observe and construe what our iron age friends are trying to tell us. We have already talked about some of the colors the unit might leave as clues to its well-being. Now we are going to use our noses to diagnose particular smells. ELECTRICAL SMELLS
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