I finaly had some time to sit and read last night and had to giggle to myself. Found an artical in "New Ground" where Gary Instals his wisdom of haveing his clients pre-buying in mid summer '08. Also how this gives his clients a huge advantage and that most other farmers are incompotent to wait out their buying stratigies.(This is the arogant way he comes accross) I know why now that Cargil was pushing in June/July to pre-buy fert, as they are tied to many of Pike's clients. I wounder how their balance sheets look now?
Then I find an artical in a different information source where Pike is basicaly telling producers to hold off on purchases and let the fert market come down. Do you think he is getting a little backlash from some of those 20,000ac farmers who booked fert upon his recomondations in mid summer. Already you can shave $200/tn of the fert price from summer. My guess is that that is why Pike went broke trying to farm himself. Sometimes trying to be the biggest, best and first to the plate can give you the shits!
You can give all the advice you want but when you are playing with millions of dollars of farmers money he may be going up shit creek in a deflated rubber dingy.
Then I find an artical in a different information source where Pike is basicaly telling producers to hold off on purchases and let the fert market come down. Do you think he is getting a little backlash from some of those 20,000ac farmers who booked fert upon his recomondations in mid summer. Already you can shave $200/tn of the fert price from summer. My guess is that that is why Pike went broke trying to farm himself. Sometimes trying to be the biggest, best and first to the plate can give you the shits!
You can give all the advice you want but when you are playing with millions of dollars of farmers money he may be going up shit creek in a deflated rubber dingy.
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