Posted 6/8/2010 08:41 (#1228657 - in reply to #1228650) Subject: Re: $3.15 is next area of major support in corn
Red River Valley
If history is any Indacation I would guess 5-7 yrs. The main thing to remember is variable cost of production. Machinery and land cost will be had weather the farmer produces or not.
Judging from land rent auction and land sales auction around here, It must not be below COP yet !!!