I would not bet that the prices will go up very much. The grain farm income is going to take a major hit this year. The high flying days of the last few years are over. No amount of insurance is going to cover what these guys have in this year's crop. They may get the inputs covered but they will not have the 200-400 profit an acre that they have been having.
I already know three guys the bank has put on a watch. They are not going in any deeper with them on operating money. Plus many of the larger grain guys have been on an equipment buying binge. That equipment will have payments that will have to be made too.
It is going to be fun to see how many of the high rents will still be that way next year.
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Today's Featured Article - Women and Tractors, A Woman's Touch - by Teri Burkholder. I thought I would give you a little background on how I got myself hooked on tractors and their restoration. My family is a very "crafty" bunch of people. By crafty I mean good with crafts!! My Dad is a retired industrial engineer from Bucyrus Erie which made big shovels for excavating and he is also a wonderful wood worker. My mom and my "guardian angel" has had her own ceramic shop for 30 years and is an excellent painter. With these skills always active in our house it was hard not t
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