Ping to Thackney.
We talked of this a week or so ago.
Stop ethanol and the attached subsidies, too.
It’s pretty much an exact science. Just lower the prices.
With a mind uncluttered by facts or any relevant or meaningful experience, let me offer a solution. Feed what’s perceived to be the excess to beef cattle so I can afford a couple of steaks every month or so.
A bumper crop is bad news?
We have surely gone thru the looking glass.
Churches and private interests should have direct access to this crop so that it not go to waste. Raw unprocessed wheat, raw unprocessed soybeans. Thanks be to God for granting the growth and abundance.
Could lead to falling meat prices.
My sense is that what Russia doesn’t buy here, they’ll have to buy from someone else named SourceB. Those people that SourceB used to sell to will now need to turn someplace else to buy. There will be a shifting of markets.
It's always something.
Time to stock up on dehydrated foods...
Especially since most countries won’t buy GHO.
Always gotta have something to complain about! Jeez!
Corn is particular has been completely destroyed, pricewise.
Read the recent Farm Bill passed they have added a Crop Insurance Program where the farmers can’t lose even when commodity prices fall.
I gather the biggest problem here is transportation, getting the grain to its largest consumers. However, other than ethanol, the big animal feed consumers should vie to have the surplus grain processed into more stable forms, and carefully stored, then build up huge reserves to stabilize the price over time.
http://www.researchintouse.com/nrk/RIUinfo/PF/CPH24.htm
Kind of an aside, I was a rebel and went to college, but my family still farms. I don’t remember the formula, but my Uncle can guess a corn yield in a given field within 5% by measuring the length of the ear and counting the number of rows of kernels around the ear. He could also guess a soybean yield based on the size of the individual beans.
That said, the farmers know what they have and are planning their market strategy. You can bet on it. They have a lot of options; sometimes none of them are good, but they have choices. They can do things like pick their corn early and pay drying bills to get to market before the prices drop. They can store it and sell next spring. They can hire trucks and haul the grain to larger buyers, typically closer to the river. They can sell now on contract. Farming is risky business.
