western WI | Brady NWMN - 1/23/2015 18:18
Just curious here, a lot of these posts are from the corn belt areas. Corn, beans, wheat mostly.
I would like to hear from others who may be more diversified on their outlooks. Guys who have potatoes, cotton, sugarcane, peanuts, veggies, milo, ect.
What is your outlook on the future of the alternative crops so to speak. Are those crops as bearish, or as bad as the main 3?
Like I said just curious.
Thanks.
Yes most of the talk is from the corn/bean guys. All of the talk about the 80's "farm crisis" is coming from those areas. I'm in Wisconsin and from dairy farm and to my knowledge there was no crisis here with farmers losing their farms. ( however, many dairy farmers quit with the herd buyout of 1985.) In fact my dad bought an additional farm in 86 for $625/acre. I would call it # 2 land, not #1, but good for hay and silage.
We also make maple syrup with about 1000-1500 taps depending on the year. Prices for that took off in about 2007 and now every tom dick and hairy wants to get into it. Prices for that commodity have indeed hit their peak in 2013. The expansion in our area is amazing and I think is a bubble set to be popped, especially regarding the canadian/us dollar exchange rates.
The dairy decline is amazing as well, much of it due to retiring farmers and the younger generation doesn't want to be tied down. Our land is not Iowa, but many farmers think that way and the land is showing the evidence. I think there is alot of denial right now, but denial won't extend the good times any further.
Edited by grainbinder 1/24/2015 00:53
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Talked to a banker.....
