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Mascoutah, Illinois | I am of the opinion that volatilty has led to quite a bit of the USDA slamming by famers. It wasn't too long ago farmers had learned how to lock in LDP and were pretty comfortable marketing their crop. If corn moved 25-40 cents in a marketing year it was a bit easier to stomach not getting "the top." Now with ethanol, ETF's, hedge funds, and the guy on the corner trading markets volatility has erupted. We now see moves of 80 cents to $1.50 in corn during a marketing year excluding the melt up of two years ago. Many farmers are in unfamiliar waters trying to market their crop. I believe the emotions of making bad decisions and overpaying for inputs leads some to look for the scapegoat of the USDA. It all comes back to good discipline and good balance sheet management. | |
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Lanworth's crop guess might be right after all
