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| As I'm sitting here watching it snow like crazy on my soybean crop, I got to wondering why we are even considering planting the new Monsanto "2" bean. Even assuming they yield 5 bu better (which seems to be a huge reach at least at this point) we are going to pay the seed company (monsanto) 60-75% of the extra income for this great new product. With all the extra bushels generated nation-worldwide, the supply of soybeans will be that much greater so instead of $9 beans we will have $6 beans??
It's kind of like the trucking industry where years ago we could only haul 72000#, then the gov brain wizards bumped the legal haul weights to 80000#. Now we haul more gross # for about the same gross $$$ as we did before. Now we have some far thinking people pushing to haul 91000# (with more expensive axles under truck) on our already beat to he-- roads. In the short term, I suppose the truckers with the extra axles will make more per load.... until everybody spends the $$$ for the extra axles.... and the rates will go down because we can do it so much cheaper now..... | |
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Should we plant the new "2" beans
