| Ray (ecks) - 2/25/2007 15:59
Would like to hear some details and reasons.
What % of the cost of a can of corn is due to the corn? How about fresh sweet corn? When you are selling something 4 or 5 times the market price the market going up does not affect it much. How about a loaf of bread, how much will it go up?
If you know the prices won't stay up, then at what price are you going to sell out your whole farm production and take it to the bank?
Not trying to pick on you, but the problem is nothing is a given. No one, absolutely no one knows what the market is going to do. If he did then he'd be living on some private island with more women than he'd know what to do with.
Well put Ray...the cost of Ag commodities has VERY little effect on the cost of food at the grocery store. Cost of health insurance probably has more of an effect. This is actually a good thing for the farmer in a lot of ways. These high prices we are seeing shouldn't lead to drastic rationing of food. That is a very good thing for us.
Also NO ONE can consistently out-guess the market. If you choose to sell (or not sell) your grain because you think you know what the market is about to do...you will be right approx. 50% of the time and probably unhappy also. |
you know the prices won't stay up
