Russ, you left out one important factor....."FEAR". More producers sell grain out of "fear" than about anything else. Everybody is complaining now about the "lower" grain prices. THese are the exact same folks that stored their corn when it was $8!! They KNEW it was going to $12! A lot of crop farmers didn't give a darn about how devastated the livestock sector was. The hog, beef, poultry, swine and dairy industries were absolutely swimming in red ink because of the high grain prices. What did the crop guy do? He went out and plowed up MORE pasture land and planted crops. 'Land that should have NEVER been put back into row crops. These same guys then milk the Federal Crop Insurance program for all it's worth. "Around here" the amount of pasture land that was put back into row crops was staggering. These same acres, sadly, were so poorly managed....it was obvious they had intentions of collecting their crop insurance. AS far as greed goes..........I had one client who came to my office seeking advice on what to do with his crops. He was ALL concerned about the prices going down. I asked him how many bushels are you talking about. He told me point blank.....I've got THREE years worth of crops stored!! I said, "You mean to tell me you haven't sold anything in three years"? He replied, "Yes". Unreal. I told him that he didn't need to do anything. He was shocked at my response. I then told him...."If you haven't sold anything is three years, you obviously don't need money". Another observation about the BTO's..........the bigger they get the worse their farming skills get..........just plow it up and plant more beans!
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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