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| I ran some numbers today with my agronomist. If you dont have ground with a 60 bean or 200 corn aph the numbers are not pretty. Thats even using a conservative number for land rent. You raise rent higher it only gets worse.
We looked at cutting some inputs to improve the numbers. Problem with doing that is 60 and 200 are not possible without them. So you end up with numbers that look similar.
If there isn’t a drought in South America this December through February it is fixing to get real for a lot of farmers. I don’t look for any government assistance or subsidies coming with the current National debt. We are all going to have to make some hard decisions. My guess is there is going to be a lot of rental ground that changes hands. We will see some soil abuse for a few years and then it will change hands again. The last guy that gets it will spend years trying to repair the damage.
Input prices especially fertilizer don’t appear to be going down. Seed is not going down either. How guys are going to be able to afford to do it without burning equity will be interesting to watch.
Edited by Happy First Timer 8/29/2024 20:26
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Anyone update 2024 Income Projections Recently?
