Commodity Prices!!!!

oldandnew

Active member
Since corn is down to a little over $3.12-3.85 in South Dakota, all commodity prices down every where, at or after the fall harvest, that is a bigger variation than previous years. It has been a steady downward cycle since summer time. I am awaiting the advice that "land will go up" because "there's not any more", "corn prices will go up" after all it is now pretty close to it's 5 year average, but above it's ten year average price. Meantime we will produce more, to cover the cost. Plow more prairie to raise even more. Corn is closer to it's defficiency payment than it is to $5.00. Of course we have no farm bill, you can determine blame yourself. Who's going buy that $5000.00+ ground now? Or are we in the "bigger fool philosophy"? Now a history lesson, the bigger fool theory means you have to find a "bigger fool", to buy ground at a profit, you would like to sell. Maybe the guy with a average of $1500.00 per acre, with it in a long term CRP contract, looks better and better! And has worthwhile scenery out the front window, and clean water in the well.
 
My folks had a 47 acre field in central OH with 35 in CRP and they just sold it (wasnt thrilled since season opens friday) but they got $4200 an acre for it. They good news is the farmer who bought it is leaving 11 in grass and he has more CRP that it sounds like I can hunt because they dont. But 4-6K is what its selling for here.
 
My folks had a 47 acre field in central OH with 35 in CRP and they just sold it (wasnt thrilled since season opens friday) but they got $4200 an acre for it. They good news is the farmer who bought it is leaving 11 in grass and he has more CRP that it sounds like I can hunt because they dont. But 4-6K is what its selling for here.

What county was this in?
 
Since corn is down to a little over $3.12-3.85 in South Dakota, all commodity prices down every where, at or after the fall harvest, that is a bigger variation than previous years. It has been a steady downward cycle since summer time. I am awaiting the advice that "land will go up" because "there's not any more", "corn prices will go up" after all it is now pretty close to it's 5 year average, but above it's ten year average price. Meantime we will produce more, to cover the cost. Plow more prairie to raise even more. Corn is closer to it's defficiency payment than it is to $5.00. Of course we have no farm bill, you can determine blame yourself. Who's going buy that $5000.00+ ground now? Or are we in the "bigger fool philosophy"? Now a history lesson, the bigger fool theory means you have to find a "bigger fool", to buy ground at a profit, you would like to sell. Maybe the guy with a average of $1500.00 per acre, with it in a long term CRP contract, looks better and better! And has worthwhile scenery out the front window, and clean water in the well.

they sure seem to be lower longer than anytime I can remember over last few years. Correction?
 
All the more reason to tile the land I have and make it more profitable.
 
All the more reason to tile the land I have and make it more profitable.

But lots harder to cover the costs associated with tiling.

What do guys do with all the round bales made of of corn and beans? Where do they go, where/what is the market. Not many cattle in the countryside anymore, with the exception of the large cattle/dairy operations..
 
But lots harder to cover the costs associated with tiling.

What do guys do with all the round bales made of of corn and beans? Where do they go, where/what is the market. Not many cattle in the countryside anymore, with the exception of the large cattle/dairy operations..

A lot of cattle are fed corn stalks with some form of distillers grain. Guys will sell there stover bales to feeders.
 
Since corn is down to a little over $3.12-3.85 in South Dakota, all commodity prices down every where, at or after the fall harvest, that is a bigger variation than previous years. It has been a steady downward cycle since summer time. I am awaiting the advice that "land will go up" because "there's not any more", "corn prices will go up" after all it is now pretty close to it's 5 year average, but above it's ten year average price. Meantime we will produce more, to cover the cost. Plow more prairie to raise even more. Corn is closer to it's defficiency payment than it is to $5.00. Of course we have no farm bill, you can determine blame yourself. Who's going buy that $5000.00+ ground now? Or are we in the "bigger fool philosophy"? Now a history lesson, the bigger fool theory means you have to find a "bigger fool", to buy ground at a profit, you would like to sell. Maybe the guy with a average of $1500.00 per acre, with it in a long term CRP contract, looks better and better! And has worthwhile scenery out the front window, and clean water in the well.

Well said. I bloviated on another site about the subject so will just validate this post.
 
Money is cheap so land is expensive. And money will be cheap for a long, long time.

for some it is downright free.
 
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