Unfortunately if everyone gets adequate rain and has a good/great crop, prices will plummet and almost everyone will suffer. Those with better marketing skills will have presold or hedged, will escape. Unfortunately that is the scenaro when you are given a price for your product rather than setting a price. With the current system it is better to have crop insurance and have some significant areas fail each year. The failed areas can collect insurance and the others sell a large crop at higher prices. It would be great if somehow we could rotate the drought areas to even out the good/bad years but someone else controls that issue and those with irrigation would screw up that idea. So until the market demand catches up with our ability to produce, it remains fortunate for many that unfortunately everyone doesn't have a great crop. I've also had too much rain and some corn will be over 200 bu/acre and some (too much) more like 50.
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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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