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WC MN | In our area starting last fall there was a pretty big surprise at year end what guys balance sheets looked like. When you plant corn with $5-$6 in mind and net $3 after drying and storage and awful basis its a significant deal (although the higher Ins price did help and also hurt). I would be curious to know how many guys update balance sheets monthly or quarterly and actually mark everything to market? I know some do but I bet lots do not. Things have changed a lot in the last 12 months in my opinion. All the posts about farmers being loaded and able to suffer multiple down years do not apply to as many guys as one might think.
Just my opinion.
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What's pushing the market this morning.
