Here's my 2 cents. Corn never should have been $7. That was just a bunch of guys trading paper in chicago. I believe grain farmers can prosper on $5 corn if inputs level off at this point. The increase in the price of farm commodities has very very very little to do with the increase in food prices at the store. Ethanol is neither a boondoogle nor a cure all but a stepping stone on the path to alternative energy. Ethanol hasnt caused prices to go up nearly as much as the cheap dollar has driven demand for our products world wide. The amazing increase in input prices makes me shake my head but once again, worldwide demand is ever increasing. This has been caused by high grain prices and the weak dollar. Grain farming is profitable at this level but it would be nice to see inputs and commidities level out. The biggest thing is remeber to be careful spending money you dont have and get your inputs bought early. I have a spreadsheet I run input/expense's against revenues and some of those big rent guys are headed to a disaster allready. Of course all of this being said I have bins full of corn that isnt priced so I'm a genius. bill
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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