Well it looks like we are in for some fun times on the old farm again. It doesn't matter if the world had no crop at all this coming year prices would drop. For every one positive news story we get three to kill the markets.
I don't give a rats ass if you presold your crop at some huge price. Because most who farm have seen neighbors come and go who presold all their production then had a frost or hail or whatever and lost the farm.
So here is where I see it shake out.
Canola if the crop makes it and its only a average crop we will get 12 if it is a bin buster and they BS it up a huge amount we will get between 10 and 11.
Hrs we will get between 5 and 7 depending again on yield.
Peas the 8.5 was nice start but if the peas make it look for 7.
Oats and Barley will be same they are buying shit from 2004 now at 4 and will be buying your awesome oats for 2 come fall. On barley if corn hits 5 look for 3 to 4.
So with the price decrease we will all be getting will we see a drop in Equipment. (500000 for a air drill) Will we see ammonia in the .37 cent range not .57 to .64. Will we see canola seed drop will we see spray drop. Will we see land drop in value or rent drop. That is the Million Dollar Question.
The answer is simple NO FRICKING WAY!
Welcome to farming 1 oh 1. Aint it fun!
I don't give a rats ass if you presold your crop at some huge price. Because most who farm have seen neighbors come and go who presold all their production then had a frost or hail or whatever and lost the farm.
So here is where I see it shake out.
Canola if the crop makes it and its only a average crop we will get 12 if it is a bin buster and they BS it up a huge amount we will get between 10 and 11.
Hrs we will get between 5 and 7 depending again on yield.
Peas the 8.5 was nice start but if the peas make it look for 7.
Oats and Barley will be same they are buying shit from 2004 now at 4 and will be buying your awesome oats for 2 come fall. On barley if corn hits 5 look for 3 to 4.
So with the price decrease we will all be getting will we see a drop in Equipment. (500000 for a air drill) Will we see ammonia in the .37 cent range not .57 to .64. Will we see canola seed drop will we see spray drop. Will we see land drop in value or rent drop. That is the Million Dollar Question.
The answer is simple NO FRICKING WAY!
Welcome to farming 1 oh 1. Aint it fun!