A Market Correction?

[raymondb]

Bombay--I have always put the value of the cows I buy under mandatory inventory--in fact, my accountant was most adament that this is the correct legal thing to do. The thing to note that this is for purchased animals and not for the home raised ones--in other words, you can not put an arbitrary value to your raised cows and put that value under mandatory inventory.

Cambellc--when I buy the combine to process my crop, I have total control. I have very little to no control on the $5000.00 I place into a processing facility share. There is a big difference between the two.

[hgb]

Campbellc - Prestigue is the reason many people will put money into iron and not back some packing facilities as no neighbors can see the investment a packing plant. An ag supplier we deal with says nothing burns him more than a customer who says he can't settle his account, but drove up the door in a 2 week old truck.
I've been to several informational meetings put on by the various groups trying to get plants up and running. A decent number of people attending but these meetings should have been standing room only. From these meetings I selected a plant to invest in, that best suited our farm. The next piece of iron that is to be purchased might have to wait for a few extra months.
Not all these packing plant ideas will be successful and I hope I don't loose the money I invested but in the big picture marketing cattle or grain a week to early or a week late in the last 12 months, has cost me alot more than what I have invested into being a shareholder.