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Central South Dakota | They don't call it poverty grass for nothing. The crash in the spwht market just doesn't make sense in my mind considering yield, abandoned acres, crop condition reports. The other problem is guys telling you how lucky you were to be able to lock in $7-8 wheat at profitable levels, obviously they don't know dick about growing wheat because before the run up a 60 bu/acre yield goal at $4.75 cash grossed $285/acre. 25-30bu wheat at $8.00 cash after the combines rolled only grosses $200-$240/acre gross and that's if you come close to selling the market top with 100% of your bushels in the middle of a drought. Worst case scenario was growing a crop that came in at insurance guarantee. We either needed the full crop at the lower price or a complete failure and we would have been better off financially than where we sit now.
The problem lies in that we are expected to be the quality supplier of spring wheat in the world, but be paid like we are growing third world **** that you would question feeding to your hogs. Guess we will just keep increasing row crop acres because we have a way better chance of of breaking even or making some money on them even at this price point out here. To prove the point our row crop acres are up 200% from 5 years ago.The guys over east will just have to figure out something else to grow if they can't be competitive at these prices. That's what we're told all the time when it comes to growing wheat. | |
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The Spring Wheat Saga Continues .........
