Posted by NY 986 on July 19, 2012 at 10:37:14 from (67.142.178.22):
In Reply to: buy next years inputs? posted by Bob Bancroft on July 19, 2012 at 09:42:58:
Probably not a bad idea. The salesman was just here recently and he said the suppliers in general are not going to back off their prices. Those that can afford will buy and those who can not afford will have to figure out an alternative. There were years where I paid interest to the bank to the end of the business year because it would have to be paid then or when the next installment was due. Not a bad idea to address the things you know will be there that needs to be paid. If this year is a bonanza then maybe you could look at equipment. My practice right now is to buy very little in terms of equipment on financing. I don't know how your crops are faring but since the hot spell my crops actually look better and very well could hit top yields yet. My theory is that the extreme heat sweated moisture up from the subsoil that normally would not be moved up if the temperature was cooler or the crop had canopied. The early beans will probably be fully canopied within the next week to week and a half.
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