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Oliver1
Posted 7/7/2020 08:21 (#8358940 - in reply to #8358028)
Subject: RE: Is anyone else.....



Alton, Ia
Kooiker - 7/6/2020 18:29

thunderhut - 7/6/2020 17:26 going to loose money farming this year? 



I feed hogs. 

Whether I'm going to lose money this year isn't even in doubt.   That fate was sealed a couple months ago when the whole China Virus over reaction thing blew up the economy and more specifically, the packing plants.

   
The real question is "How much am I going to lose?", will it be more than I've made collectively in the past 2 yrs? 5 yrs? 10 yrs?

I'm pretty sure its going to be more than 2 yrs, hoping its not more than 5 yrs worth of profits but wouldn't be surprised if its more.   Lord help me if it approaches 10 yrs worth.





Unless a miracle happens in the next 5 months, > 2 years lost is a given.

3-4 years lost profits is the goal.

Up to 10 is a possibility if a "second wave" of this media fed panic rolls around. Right now the hog slaughter backup is going to last thru the end of 2020. If we get hit with more plant shutdowns, I don't even want to think about it.

On the crop side prices are well, well above my COP so there is that. If only those animals didn't need to be fed.

Edited by Oliver1 7/7/2020 08:23
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