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Buxton ND | This was the "PEAK" in June of 2013 the high water mark for the 18 day (month) SMA
Meaning for 18 months the average high of corn 6.99
For 18 months @ 200 bpa,,,,,, was worth $1400 an acre.
This was a massive carrot WORLD WIDE*****
I still shake my head at some of the prices we have seen these past years.
I see a crystal clear copy of the 1970/80's INCLUDING interest rates,,, just figure it PER acre not %,,,,, YES I have research this thru my market mentor and punched out the numbers.
Crude/Corn/Cows and in this order "Boom to Bust"
Timing,,, with when one was born and what one was taught by their Parents and Grand Parents is a big blanking deal. As well as listening/learning AND *****RESPECTING YOUR ELDERS***** Some of these kids now days, there's some really good ones,,,,,, and there's a bunch I could take a 2" X 4" after, these includes mine at times.
2 season's ago we demo'd a 9770,,, all the bells and whistle's.
Never before have I had to have a mechanic have to show me how to run something. I made one round with him,,, I told him "just show the kid how"
Momma Deere, wanted it demo'd to 5 guys,,, 3 RED GUYS,,,, I "WAS" one of the red :o)
This demo was a MASSIVE warning flag*****
A $249,000.00,,,,,,,,,,,,,, 9770
They'd let it go for $239k
Last fall I had a buddy buy the "JD set", S-690/80/70 the top top end was 202k
I'VE BEAT IT IN MY SON HEAD THAT THIS COMBINE IS ONLY WORTH $100,000.00ish DOLLARS.
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Oileconomy in south Texas in retreat
