Posted 11/18/2015 18:29 (#4904855 - in reply to #4904639) Subject: Cost of Production
Jesup, IA
Often said on NAT is that "the market does not owe anybody the cost of production". Agreed. But crop prices are so far below the cost of production, that it will effect the future supply.
Lots of marginal acres work with $5, $6 & $7 corn. $4 corn allows the status quo. But $3 corn doesn't increase acres, fertilizer applications, fungicide treatments, etc. Anywhere.
Can the boat lean any farther?
