Basis last year was 85 cents on beans. It�s already headed up here and the email I got today predicted close to a $2 basis. That�s beans well below $7. I am getting all of the bins ready to store maximum on farm storage. I couldn�t tell you the last time every bin here was full after harvest. I�ve just got to do it to make it pencil out. Even then the pencil gets pretty dull. I pity the guys who have lots of equipment loans. This isn�t the year to be extravagant.
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Today's Featured Article - Restoring a John Deere 2010 Diesel Tractor - by Jim Nielsen. Following seven years working in California's Silicon Valley, my wife, baby son and I moved back to Australia to retire. We bought a small 'farm' of about 50 acres near Bendigo, in the state of Victoria. I soon found that it would be very useful to have a tractor around the place for things such as grading our long drive and brush-hogging the fields. I was also embarking on planting 1000 eucalyptus trees, and hence I would need a ripper, small disk plow, sprayer etc. to get these things accompli
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