House here in MN is heated with heating oil (basically diesel fiuel) - Corn would be cheaper at $6 a bu, think $7 would still be cheaper than fuel.
I gotta get my wood burner replaced....
Elevators are not taking long-term contracts any more, they have to deal with margin calls when they do that, and that got real expensive. Don't ask me to explain it in simple terms, but as they try to offset their sales, they have to pony up more & more money as the price goes higher. It is possible some will go broke, most no longer contract 2009 crop any more, several are not contracting for the 2008 crop either - or basis went up a lot to cover the margin calls.
This leaves us farmers holding the bag - high prices, but we can't lock them in. What if prices drop in fall - would be natural with a good crop. We get heavily invested, folks hear about the 'high price of corn' all summer that we can't get, then in fall we get low prices again....
Will be interesting, could be a lot of good & bad coming from these prices. At least it is more fun that trying to figure out what to do with my $1.40 corn a few years ago.....
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
