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what to do?
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pehinric
Posted 8/30/2010 13:29 (#1338859 - in reply to #1338686)
Subject: RE: what to do?


East central Iowa, Camanche, Iowa
Take the $$ and run. You should have made a return on storage with the current price uptick. Every time you move that grain it shrinks and floor storage is the worst. Like one poster says if you want to capture the potential price increases buy it back on paper. Last time I checked paper doesn't spoil on the floor, bugs don't like it and water doesn't spoil it.
Or do like me, sell at a profit and be happy with what I got. I make a little bit each year but if I waited for the TOP to sell I would have been broke long time ago.
One of the biggest problem with us farmers is we don't understand cash flow and the importance of keeping those dollars moving, we are always waiting for the BIG ONE and most of us usually miss it.

Pete Hinrichsen
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