Posted 4/3/2010 09:13 (#1148067 - in reply to #1147881) Subject: Re: College economics and the grain markets.
Red River Valley
Kragen you have stated that you are reducing by 20% your corn acres but you are not taking it out of production but simply moveing it to other products which may explain why the specialty crops that I was getting a nice profit on last year are now only breakeven for.
When you decide to Idle 20% of your production let me know otehrwise all you have done is killed somebody else's profit margin.
Look at what has happened as we have taken almost 10% of the US total production area out (CRP) the rest of the world has up it's area and of course we had a nice 18 month run that we the american farmer responded with pushing up our biggest expense ( land ) until we were the high cost producer. when this starts to reverse than we will start to Idle land not just kill somebody else's golden goose.
BTW kagen your tag states the panhandle of NEB. I understand a lot of acres came out of CRP in that area is that true and if so are you farming any of it. TIA
College economics and the grain markets.
