| tc806 - 8/12/2010 06:58
products can price theirselves out.
Great point
While the funds might take us for a wild ride, the grain farmer side of me needs to remember that I grow a commodity that works best if it's plentiful and cheap. Price it too high and eventually demand either dissappears or finds another product. It means I need to keep my margin such that I can make money if I get a 'reasonable' price and do a good enough job growing so I have lots to sell or at least have decent insurance (or better yet not be up to my eyeballs in debt so I can survive a bad year).
What does that mean? We've won the lottery price wise the past few years and unfortunately so did our suppliers. I think we have to reward rallys and remember things like tech stock bubble, housing bubble, etc. Everything cycles.
Thanks,
Pat |
Up until the last two weeks
