Fifty years ago a college economics professor made a statement, when talking to a group of us high school kids, that has stuck with me ever since. " I have yet to see any commodity that farmers cannot produce into worthlessness" . Time has proven him right.
The hemp production will settle out. It will not replace the economic value that tobacco had in the southern states. The tobacco industry was centuries old. It was a system that was very mature. So most of the bugs where out of the system.
The producer that stated he wanted to jump from 200 acres to 300 acres and then make a $2000 an acre profit, was smoking some of hemps sister product!!! The only reason tobacco had a profit was the government program controlled production for the last fifty years. So guys did not over produce. The producer talking seems to forget that every single hemp producer is wanting to do the same thing he is wanting to do. So I bet in just a few years there will be a small profit per acre at the best.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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