I would say that there is no magic out there and if the current conditions don't change then your friend will find out how well those kind of rents worked for the guys paying it. I am thinking that most of the guys that had 2 or 3 years worth of production contracted did a fair amount of it on the CBOT. If it was hedged then the hedging account has already made the money and there is no point in paying high rent to cover a hedged position. Most elevators around me will not contract 3 years out. It has been a long time since we have had several bad years in a row so we all tend to forget it can happen. I know that it is frustrating to see someone bid rents way past the point of were it will cash flow but I think we will be better off if we just wait it out and see if we can expand after conditions change.