Don't feel bad. The correction is coming. Wait until you have these input costs next year, or worse... and probably half the price for the corn. It's just another cycle. There won't be many that will make money from the cycle because they're too busy paying big rent for land that they can only make a pittance on to begin with, and then going in debt to their ears to buy equipment at the top of the market... with the appropriate payments for the next 5 years on that gear. Give it 18 months and there's going to be people singing a far different tune. For this, you can thank ethanol... an industry itself that only seems to exist for the subsidies it can collect. If congress or a new pres decides that it's time to make it stand on it's own two feet, that will collapse too. It may collapse anyway now that energy prices are falling. It was all going grat when oil was rising and leading the price. Now that oil is falling, the rest will follow it down. Naturally, the farmer that paid the big dollars to get in when it was going big is going to pay the price when it's going down...
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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