Posted by John_PA on March 19, 2013 at 14:27:36 from (96.236.158.166):
In Reply to: $8 corn!! $8 corn!! posted by Dave from MN on March 19, 2013 at 06:20:02:
I am fully prepared for $4 corn. Last year in the spring I read article after article saying that we should all be prepared for $3.50 corn at harvest time. I was guessing about the same. Then, there was a drought. Panic ensued and the price hit $8.50, with many saying that $10 corn and $20 beans might occur.
They were saying that because of the early spring and planting conditions being so good, everyone should have been rolling in corn. Then the drought. It's all speculation. So, what will be the prediction this year? For me, after driving to Akron, Ohio and getting a glimpse at the field conditions out that way; I would say it's a great year to plant rice. I have been keeping an eye on the extended forecast and it doesn't look like we are getting any weather breaks for field work anytime soon.
diversification is always the key. putting too many eggs in one basket never works. It's gambling at that point.
I guess I'm lucky to have a market for all that I grow. corn, beans, soft red winter wheat, hay.
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