Wow

M

mustistuff

Banned
just read that Friday's corn future was at $3.38. that's about 1/2 from a couple of years ago, here comes the crp I hope

cheers
 
I've wondered what some of the farmers that bought high priced land and took acres out of CRP when the corn price was at $8/bushel are thinking now?? Maybe that CRP money isn't looking so bad. Although with the government programs these guys are still making money. Corn was in the $4 area a year ago and heard a farmer say he made more money last year than he had in the previous 5 years combined. Something is just not right with that.
 
Dakotazeb said:
Although with the government programs these guys are still making money.
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I think you might be getting some bad information. Not much in the way of government programs that will be a big help this year.
 
I raise corn and sold some for $6.65 per bushel a couple years ago.
(I'm small time):eek:
I figured at the time prices like that would cause a crash. And a lot of other problems associated with one time wonders like $7 corn.
Look what happened to all products associated or tied in with with the price of corn. :eek:

We lost SO much grassland, so many acres of marginal land are now in corn.
(CRAZY)

I think we may see a few more acres in CRP coming soon. :cheers:
 
quail hound said:
:cheers: Do away with the mandate and let the free market take care of it.
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Government sometimes has a role in protecting and supporting infant industries while they work to compete with larger, more established competitors. Preventing the large fish from keeping the smaller fish from developing.

Otherwise we couldn't get new replacement industries up and running until the old industries were dead.

The market doesn't do a very good job of pulling us towards the future. That's why government supported research and development is necessary.

But you are right, sooner or later the market has to have it's way.
 
Dakotazeb said:
I've wondered what some of the farmers that bought high priced land and took acres out of CRP when the corn price was at $8/bushel are thinking now?? Maybe that CRP money isn't looking so bad. Although with the government programs these guys are still making money. Corn was in the $4 area a year ago and heard a farmer say he made more money last year than he had in the previous 5 years combined. Something is just not right with that.
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Much of that money came out of savings accounts paying .02% interest.
 
Aldo Leopold said something to the effect that we need to re-educate people about every 15 years because they forget the lessons they had learned. This seems to me quite predictable and repetitious. We've seen it before. Yes, I hope it results in another CRP push, but it's so unfortunate to have lost the years and wildlife in the meantime. I'm sure there was soil lost and significant other negatives associated with this. I know my dog food went up as did many other products that I buy made from corn. We've not only lost pheasant productivity, but waterfowl also were displaced on acres that were proved "marginal" long ago. It doesn't take much "market knowledge" to understand that if everyone plants corn, corn prices will eventually tank. I hate to think just how much Ogallah Aquifer water was wasted on making this glut!
 
Prairie Drifter said:
Aldo Leopold said something to the effect that we need to re-educate people about every 15 years because they forget the lessons they had learned. This seems to me quite predictable and repetitious. We've seen it before. Yes, I hope it results in another CRP push, but it's so unfortunate to have lost the years and wildlife in the meantime. I'm sure there was soil lost and significant other negatives associated with this. I know my dog food went up as did many other products that I buy made from corn. We've not only lost pheasant productivity, but waterfowl also were displaced on acres that were proved "marginal" long ago. It doesn't take much "market knowledge" to understand that if everyone plants corn, corn prices will eventually tank. I hate to think just how much Ogallah Aquifer water was wasted on making this glut!
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Yes Pd me too. We never ever planted corn in crapy land. We did not waste are time. Corn needs lots of water and it costs to much.
 
McFarmer said:
Government sometimes has a role in protecting and supporting infant industries while they work to compete with larger, more established competitors. Preventing the large fish from keeping the smaller fish from developing.

Otherwise we couldn't get new replacement industries up and running until the old industries were dead.

The market doesn't do a very good job of pulling us towards the future. That's why government supported research and development is necessary.

But you are right, sooner or later the market has to have it's way.
Click to expand...

So where does government assume this power you think they have? Was it given to them in the Constitution?

And you really believe that some bureaucrats deciding that what the future will look like can make better decisions than hundreds of millions of self interested consumers?

I'm pretty sure that throughout history that the free market has created far better results than central planning. Just ask the Soviets.
 
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