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Hooker Twp,Ne | I’d say slash the 3.75 and replace it with $4.50-$5 corn. Before Covid your 3.75 would have worked. Now our uncontrollable cost have gone out of sight. Number one is labor cost. Increase minimum wage as they did and all other wages increase also. Domino affect. Well when that happened then cost of goods had to increase. Next is Money to easy to borrow. Reminds me of the 70s early 80s. As long as you’re still warm they’ll borrow it to you. How many people don’t have 5-10 credit cards with each over $10,000 limit. If you want it just buy it and worry about paying later. Electric cost have increase. We all plug in more gadgets now then we did 20-30 years ago. Phone bills. With kids. How many phone bills aren’t over 200 monthly. Insurance has also increased. Have it be health, car,house. And then when corn was $6- cost of producing went up. Now when corn $3- cost don’t come down. Now if corn goes back up to $6- cost of producing will rise again. Because they think they can. And we are trying to also pay off loss debt from $3 corn. Finally a hole gets dug that’s hard to get out of. | |
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Market talk is sort of depressing
