I don't know but the more tax returns I look at and the more bank statements I see their is one thing that is missing in all of them and that's a healthy margin of profit.
Now on grain marketing locking in prices this year makes sense on certain crops.
2.65 oats for fall on half production 40 bus. for comparison but if what I see happening at seed plants turns into extra acres we will see remaining price at 1.33 and buyer getting out of contracts because its no fitting the grade etc. So farmer will average 1.99 which is good and don't get me wrong that has profit written all over it but the guys who think they have to push the inputs and get 120 bushels look at you numbers and see 1.77 will be your average price but the costs associated with getting the extra 40 bushel will eat up any profit one is looking for. Now throw in a good old Canadian early frost and no federal or provincial help and you will know Richie Brothers phone number by hart.
Now if fert would have stayed constant like fall price (gas .259)or spring US price for gas at .345 going for the extra your risk would have been less.
Do the comparison for all crops and one can see that it doesn't matter which crop you lock in if you go for the top yield you'll be just giving it to the Fertilizer industry and not your bottom line.
Now on grain marketing locking in prices this year makes sense on certain crops.
2.65 oats for fall on half production 40 bus. for comparison but if what I see happening at seed plants turns into extra acres we will see remaining price at 1.33 and buyer getting out of contracts because its no fitting the grade etc. So farmer will average 1.99 which is good and don't get me wrong that has profit written all over it but the guys who think they have to push the inputs and get 120 bushels look at you numbers and see 1.77 will be your average price but the costs associated with getting the extra 40 bushel will eat up any profit one is looking for. Now throw in a good old Canadian early frost and no federal or provincial help and you will know Richie Brothers phone number by hart.
Now if fert would have stayed constant like fall price (gas .259)or spring US price for gas at .345 going for the extra your risk would have been less.
Do the comparison for all crops and one can see that it doesn't matter which crop you lock in if you go for the top yield you'll be just giving it to the Fertilizer industry and not your bottom line.
Comment