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New Year and the Ag Economy?

A

Anonymous

Guest
I saw several commodity traders on TV last night (an Aussie TV show) from all over the world (US, Canada , Europe, Australia, and Asia) and there was pretty much a concensus that wheat prices will slowly drop- down to around $7-8 bushel in the shortterm-- but then take a jump back up and by next August be in the $14-15 range...Thats the good news... :D :D :D
BUT
They also think that the US's economy is going to tank- causing worldwide runaway inflation that will leave that $14-15 wheat with less buying power than $3 or $4 wheat of a year ago-- and the $9-10 wheat of today ... :( :( :(

I went shopping today with Grandma--let her go shopping while I met all the husbands that were also shopping at the Waterhole :wink: ........

Anyway while there I let the owner of the local implement dealership buy me a couple of Christmas cheers-- and we got talking about those commodity (wheat) price predictions...He said he just came back from a national dealers meeting where the corporate ownership was predicting much of the same...In fact they said the economy was in the dumps so bad that they were looking at possibly 8- 10 years of bad times for the total US economy-- but that those 10 years of bad times for the economy on a whole could mean 10 years of good times for the farmer/grain producer/ ag equipment dealer...

Good times for the farmer-- means questionable times for the cattle producer -especially with the new energy policy payments/requirements, which will take up so much more farmland over those 10+ years for renewable fuels.... Which to me also points more to those breeds/types of cattle that can finish out the fastest on the leastest and on marginal type grassland/pasture/feed.... But how much a pound will those cattle have to bring - to pay the costs of this upcoming new global economy where the current administration is trying to get our dollar to the value of yuan or the peso????? :? ........
 
A

Anonymous

Guest
Cowpuncher said:
Oldtimer

If you really believe this stuff, put your money where your mouth is and make millions in the commodity markets!!! :D :D :D

I ain't got extra $ laying around to invest like that--unless you're going to lend me all your spare change you seem to have.... :wink:

I'm asking for thoughts here as much as anything--but I would have made a lots if I'd have invested in wheat when I predicted it would be $10.... :?
 

PORKER

Well-known member
When I reported on corn furnaces a couple of years back and bought one and seen the price of oil going up ,I invested in corn futures,darn if the price of corn hasn't doubled. How far up ??? but I will sell before it gets to $5.00 bucks.
 

QUESTION

Well-known member
:roll: OT are you going to sit around and complain how grain farmers are making money, oh wait you predict with inflation that even if they get 15 a bu for wheat thay are not going to be able to make a living. Get real at $15 a bu even with todays input prices profits can be made unless money is purposefully wasted. OT why don't you get in on the farming gold rush :roll: rent a breaking disk and seed wheat even if you only have marginal land afterall you can always seed it down back to grass and with it being breaking if it is managed properly as grass you won't need much fertilizer if any for a couple of years. But you know that already so it is up to you. You can sit back do nothing and complain or go break some marginal land used for pasture for profits with grain farming. The things that might hold you back are that grain prices don't go up as much as predicted or you don't have enough acres to break. It is up to you - do some work and make some good money or sit on your butt and complain how others who are working are making too much money :roll: I think we know what will happen :yeah:
 
A

Anonymous

Guest
Questionable--Thanks for worrying about me--but I still do have a few hundred acres of wheat/grain land--and I remembered an old rule of my Granddads- "always save at least 2 years of spring seed".....

I didn't think I was complaining-- just pointing out and passing on some information that I had perceived- and see if anyone else had some knowlege or ideas to stimulate a conversation on if and how this economy might change the farming/feeding/breeding/marketing practices of the future...

Which as usual you don't :wink: :roll: I guess first you have to have something there to stimulate-EH Questionable :???: :wink: :lol: :lol:
 

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