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Mississippi | Point well taken!
At $1.50 a bushel, though, shov'lin up corn would be a bit like stooping over to pick up a penny. You feel good about doing it, but you wouldn't make minimum wage if that's what you did for a living.
A year or so back, the price of almonds in California got up to $4 a pound. That's kind of like $6 corn or $11 soybeans. Kind of a once-in-a-lifetime market, it seemed.
A friend who's a crop consultant out there said he realized that there were 400 almonds in a pound, so each almond at $4 a pound represented a penny. He said that he didn't think anything about knocking almonds off a tree when he was scouting if they were only worth $1.50 a pound. But at a penny per nut, he got a clearer idea about what they were worth. He said he was a lot more careful. It didn't take much to drop 25 or 50 cents worth of his farmer's income on the ground.
A shovel-full of corn at $4/bushel is worth something. It's worth something at $1.50, too, but it just won't stir up as much enthusiasm after a long day in the field.
Owen | |
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USDA repoirt on 90.5 corn seems unlikely
