Posted 12/7/2018 07:48 (#7154891 - in reply to #7154860) Subject: RE: You pot-stirrer,you.....
Personal responsibility is having taking the time over the past 10 years to study the history of the grain commodity markets since world war 1 and realizing that the price progression of corn beans and wheat was baked in the cake since 2012 irregardless of tariffs or not. We have had since 2008 to prepare for this. The years of 2008 - 2014 price wise were there for our preparation as grain producers.
The tariffs are no different in time and price progression than carters embargo in 1980 was in relation to the price reset years of 1970-1974.
Take this winter to spend the time to understand this and you will be able to project the range of price on grains for the next 20 years and spend the time to understand risk management when we are at the low end of that range and the upper end of the range. The tools are there to manage the risk. Quit blaming the situation on tariffs. Price was going here anyway because we are in a commodity business and commodity price gravitates toward cost of production. Every single commodity does it just look at their long term charts.