East Central South Dakota | I hear what you are saying, but farmers urge to plant something is as strong as the geese/ducks desire to migrate. Here is one I have contemplated---probably won't do,---- but I have at least given it thought. At 53 my fixed costs are just Family Living and I can live pretty cheap if I have too. Your farm payment is not tied to what you plant.
If it stays dry, and prices continue to erode pushing losses further, maybe take your farm payment, buy a long position in the market at these low levels and plant nothing.
There is some risk in this new farm bill of public out cry when they realize that the payments are not tied to "What or If" you plant.
I do not see this happening today, but take another 50 cents to a buck off and maybe the spread sheet says plant nothing. Long shot, but who knows.
Bottom line is the spreadsheet analysis strong enough to overcome the desire to migrate/plant. |