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To all the uberbears. What will make you happy?
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Clay SEIA
Posted 7/29/2014 21:25 (#3992380 - in reply to #3992188)
Subject: RE: To all the uberbears. What will make you happy?



ezzard - 7/29/2014 19:02
kggonzo - 7/29/2014 15:25 Third, I think these lower prices will GREATLY help young people that are aggressive. $8.00 corn and it's to hard to compete with the big boys. AND, none of the old guys want to quit, And all landlords see is $$$ signs. These lower prices might change some of that. It also might loosen up some of this rental ground that is in the hands of high dollar paying tenants.
$8 corn makes EVERYBODY profitable. Cheap corn makes the guys that own their land the only ones profitable, definitely not the young guys. High dollar rental ground will continue to be above most farmers break even as well. It's the same game, different parameters.

And there were a couple of VERY high profile, high dollar rent paying bankruptcy cases in the era of $8 corn....  If people didn't look at the example those jokers set and proceed with a little bit of prudence, then no sympathy from here.

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