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| Using numbers that are typical of a W MN operation....
$6.00 new crop cash corn * 150bpa = $900 revenue
$900 revenue - ($400 to $600 cost of production) = $300-$500/acre profit!! (33% - 55% NET profit margin, that's larger than 99% of public companies)
Is there plenty of bullish news? Heck yeah!
But it's simple to me....if the market's action has got you nervous, sell some darn bushels! These are great, great prices!
The market goes to $8, who cares. It's more $$ in your pocket book!!
(I have 100 bpa marketed at approximately $6.00 cash)
Edited by NDContrarian 6/23/2011 17:34
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This is an easy decision guys...
