Bourbon,Indiana | Agree!
Also........did Mike Stamp have a 5 year plan??
..........a 2 year plan??
..........any plan???
I've dabbled in trying to put numbers on paper and make them work for me, but it only cost me a lot of time I could have been doing something more productive....
.....and quite frankly annoyed the heck out of me. The more exact I tried to be, the further away from the truth I seemed to get.
Do I work any scenarios out? Sure! Mainly new landlords or land purchases....large price swings in inputs/grains (like 2008). But I believe it is easy to get lost in trying to constantly run break evens on a crop which is not even planted.
I have prepaid all my inputs for the '13 crop so I know what I have invested in the crop already, and I know what my running 10 year averages are for this farm, so it is not hard to figure out what price range I need.
And conversely it is not hard to know when I need to put the farm on a diet.
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