| humblefarmer - 9/1/2014 05:09
Most forget , or really don't want to admit , that a corn and soybean farmer is the producer of raw materials. For that matter so is a livestock producer. Our raw products need processed or vaue added to them before a consumer wants to pay much for them.
Over time the value of raw materials tends to equal the cost of production.
The last few years has been a gift , especially if you had good yields to go with it. I won't ever apologize for making good money. But I won't ever act like I deserve anymore than the market offers.
If it was easy everyone would want to do it.
I'm not sure I ever will agree with the raw material standpoint. Case in point scrap iron is $200 ton and corn is $130. If that were the case we would be buying all of our fertilizer for less than the output material, after all they are yet raw materials right? The input suppliers for farm products will never get close to the cost of production. NH3 is a case in point. |
The market doesn't owe you a profit
