Clay SEIA - 11/7/2015 23:23
earp - 11/7/2015 16:53
190xt - 11/7/2015 10:48
Wicksfield - 11/7/2015 07:31 Banker friend of mine told me 8 out of his 40 customers were in trouble this year. That's 20%. Really? I think that's a high number for the first year of low prices. Will he add another 20% to that next year?
This is year 2 of low prices.
obviously, you haven't been farming long if you think the last two years have been low prices......:
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Well, that depends on your perspective. I haven't been farming as long as some here, but I remember grain prices at half of today's. I also remember 75 cent diesel fuel, $130 potash, $200 NH3, and being able to put new tires on a pickup for 400 bucks. Sub-$4 corn would be just fine if the "trap was set" for all of that other stuff to come in line with reality.
you forgot to add our two biggest imput cost- seed corn at $80 a bag and cash rent $60 for dry land and $125 for irrigated