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Buxton ND | Another thing we gotta remember it that big RMA spring price locking in a profit,,,or at least the bushels to lock in a profit IS GONE as of now. Cash flows will not be so rosy as they were last spring.............. That's AFTER your balance sheet has taken a hard hit............ Not so rosy cash flows/not so rosy balance sheets,da der banker is gonna be looking things over ALOT CLOSER then the last years.
In some case's this HAS ALL READY HAPPENED in the RRV of the north,pretty much on the not so sweet sugar deal...............Some big names or least at least said to big names,were not as deep pocketed as they once thought or they thought.........This was ONLY ONE BAD YEAR,,,there's a big "stay tuned" to come here. Just had to check the local FNC stock site,,,there's some offers to sell beet stock @ $2500-2750 per,,,,,,,,,,,,,,,,I was UN-aware Mark Wright had beet stock ! ! ! ! ! | |
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$1.00 per bushel on Corn and $2.50 on beans
