Posted by paul on November 25, 2008 at 20:48:38 from (66.44.132.73):
In Reply to: Re: farm subsidies posted by e on November 25, 2008 at 11:08:32:
Verasun got stupid - or bad advice from their lenders - and tried to play a game with buying & selling corn. They bought a lot of extra corn when it was at it's peak price back this winter, and now that it has dropped to less than 1/2 that price, they are really messed up.
Their problems have nothing to do with ethanol per say, but with how poorly their grain buyers did their job - buy high, and use after the price drops.
Oops.
Unfortunately now their grain contracts are being redone by a judge, and farmers are going to be the one's holding the bag. Either deliver your corn & hope you get paid for it a year from now after everyone else gets paid; or agree to deliver your corn contracts for current price, not the price agreed to on the contract.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
