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| I am in the pecan business, also in Texas where hurricane Harvey hit (Dewitt and Lavaca counties) I understand how yeilds can be good but inputs increase. Pecans the last 2 years have been this way with china tarriffs. Also took it on the chin on Harvey in 17. Took pretty much the whole crop but in pecans insurance does not exist like corn, cotton, Milo and so on. Future looks pretty bleek in agriculture right now. What I cannot understand is oil/natural gas prices are down yet fertilizer isn't any cheaper. Input cost still high except for fuel which is just a drop in the bucket.
I am also into cattle it's much better than the pecans right now but still not much over break even. Sucks starting the season off trying to figure out what the break even will be. At what point do you just take the year off? | |
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can you make money on 50 cents cotton
