Wmoebis - well - that's the fairy tail version . What is realy happening is zero premiums need to be paid to get that grain in the door for most - those bills must be paid or the said farmer is SOL on next years inputs. They have no where else to get credit - that is who they want.
One local that is tied up with this lollipop and rainbows "partnership" got the call to deliver all his barley at once . He was all happy to get it all in until he asked about the price . $2.96 ...meanwhile the elevator 1 mile away was $4. He was telling me this story all animated and carrying on. I just thought to my self - you made the bed ....
Oh , I did mention to him that it worked out to a $75 / ac loss from the elevator down the road - he looked stuned to realize it that way.
I am sure some farms will do ok with this - but those who are forced to because of expansion and lack of bank backing are getting rear ended very hard with out lube .
One local that is tied up with this lollipop and rainbows "partnership" got the call to deliver all his barley at once . He was all happy to get it all in until he asked about the price . $2.96 ...meanwhile the elevator 1 mile away was $4. He was telling me this story all animated and carrying on. I just thought to my self - you made the bed ....
Oh , I did mention to him that it worked out to a $75 / ac loss from the elevator down the road - he looked stuned to realize it that way.
I am sure some farms will do ok with this - but those who are forced to because of expansion and lack of bank backing are getting rear ended very hard with out lube .
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