| Pat H - 11/13/2023 15:23 Keep that in mind. We can pay whatever we want for inputs, machinery and land and the market is under absolutely no obligation to make that work for us. I guess I disagree on the inflation part. I sold plenty of $2 corn in the 90's. We heard "new plateau" all the time until it wasn't.
No disagreement, but nobody at all would have survived that $2 corn in the 90s if land costs and interest rates were still at 1979-1982 levels. Something gives at one end or the other given long enough of the cycles. Guess if corn goes sub-4 for an extended periods we'll learn how many paid cash for their free and clear equipment trades lately. |
Corn
