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| The July 2009 cash bid for SRW in Memphis is $5.575 after the close on 9/9/08. Farmers in west TN are finalizing their plans on how much wheat to plant this fall. In two different conversations with fellow farmers in the last week the conclusion was the same - do you plant a crop that will have a difficult time just breaking even. In both cases we used a total input cost of $450.00 per acre. A realistic yeld is 70 BPA, so we need a cash price of $6.50 per bushel to breakeven. Right now we are looking at a shortfall of about a dollar a bushel to just breakeven. With input costs surging and cash bids collapsing, we may be down to deciding between soybeans or soybeans next spring. | |
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Will SRW Go the Way of Cotton in west TN?
