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 - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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