green peas seed, ouch!

[furrowtickler]

westsider - not the same thing - apples and oranges man. Wheat - there will be a huge 2013 "spring " crop planted. Much higher potential of downward pricing before spring, booking now at 7.50 is a smart move if you wish to do so. Green peas - expanded acres will be very limited b/c of very tight "good" seed supply. Unless there is absolutely perfect growing weather everywhere green peas are grown - supply will remain very tight into this time next year, a good gamble for me. You do what you wish, I tend to agree with haveapulse on this one.

[hobbyfrmr]

The question should be, is $7.50/bushel for feed wheat profitable? If yes, sign some up, and request and Act of God clause in the contract. This action suggests you have started selling your new crop for a profit. Going forward if price increases you make more profit. If price decreases, then you will have to wait.
If $7.50 for feed wheat is not profit on your farm then do not sign up and consider growing a crop that present you with better odds of making a profit.
I have been farming 24 years and I have NEVER sold hard red milling wheat for $7.50/bushel. NOW a farmer can sign up $7.50/bushel for feed. Minimal dockage, minimal protein discounts, feed grade is feed grade.
In a previous post some one used a very good phrase "tripping over dollars looking for nickels."
Its very sad when a farmer does not know his cost of production. He will never know when to sell for profit.