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West central IL | Thank you for the detailed reply.
At $1.85 yes I'd be losing money too at current expenses. My contention is inputs would continue to decline in price with the price of corn. They'd have to. Otherwise they wouldn't sell any.
That's why I've brought up 2003 in prior threads. I asked for those interested in my discussion points, did you grow corn in 2003? The corn belt did, and was profitable. If a particular area didn't, then it's probably because by the time you pay for inputs and machinery cost, you couldn't make money, or something else paid more or was less risky, like running cattle on it.
I hope you're right about $2.50 bringing out lots of demand, but I think it's questionable. If the tide continues to turn against ethanol than there is a LOT of demand to make up for just to get back to where we were in 2019, let alone finding more to get up to 16 billion bu of use... | |
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Looking forward.
