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Red River Valley | well lets look into your examples
1) Young Penn farmer who broke out 4 acres of deer grass -- since we can be certain that he can not hedge 4 acres of production low prices will not stop him for a few years if at all. remember he is a fall seller and like most farmers understands the market has to pay to get his crop so he plants and waits for the market to pay.
2) That wet low spot in ND is in a 160 or 320 acre field - he will plant it if mother nature allows remember he is already there and it takes about 20 min. with a 36 or 48 row planter
3) you truly believe that farmers pull into a 20 acre farm to plant 3 acres -- sorry not buying that one they wait until the 17 acres are ready and maybe don't come back for the 3 but even then I doubt it
4 ) the 1/2 section in western Kansas will simply go to a crop better suited for the ground Milo, sorghum something because guys who farm the desert can't forward sell so they GBS it and wait they never know if they are above breakeven until they have it in the bin.
acres will drop only if MN makes planting them impossible MO | |
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Southern Illinois Landsale
