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| I’m not saying things are super today.. but in order to capture $5 corn you must have something to sell.
Most crop insurance was revenue based.. which higher prices offset part of the reduced yields.
In 2009 we had 170 bu dryland yields.. 215 bu irrigated.
2011 1 bu dryland.. 130 irrigated
2012 15 bu dryland.. better.. like 180 bu irrigated but the costs and the reductions in water allocations to dig out of took any gravy from any stored bushels carried into the drought..
We did not see the boost from high prices that say Indy got.. the drought and it’s consequences took it all.. just to survive.. by the time we got back to anything close to normal yields.. 2014.. the markets collapsed.
It cost me like $2.50 a bushel to buy out of about 30 k bushels of contracts For which I didn’t have the grain to cover in 2011 | |
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Highest farm profits since 2001 vs. OMG the farmers have it so bad?
