33 cents a gallon the oil companies make? So you are going to pocket $6.00 a bushel for your corn this year? or are going to have to pay input costs out of that $6.00/bushel? That 33 cents brings the crude oil in on super tankers, refines a hazardous material, pays the corporate lawyers so the bunny huggers don't stop all fuel production, research, exploration, pays for equipment upkeep & replacment. And pays some stock returns so pension funds, your bank's investments etc are a worthwhile investment. It's costing $3.15 a gallon for raw crude oil in the middle east. Now you go over there, purchase a truckload, bring it home, refine it, add taxes and see how much YOU have left in profit?
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Today's Featured Article - Fordson Model N: Field Service Operations and Lubrication - by Anthony West. The daily or weekly servicing of any vehicle is of the utmost importance, and in days gone by when our favorite tractors were doing an important and Commercially vital job on the farm, these service operations would make a major difference to the running costs and economy of the farm. This being so, it surprises me to see how many enthusiasts attending rallies, shows etc, seem to be unaware of the importance of this constant attention. Possibly the modern machine with its 6,000 mile or even once
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