In theory the best guess of all the markets participants of what grain will be worth in the future comes out in the price. There are a lot of market participants spending 10's of millions of dollars trying to figure this out. As an individual farmer I have no chance at consistently beating the market and all its resources. If I could beat the market I should farm as a hobby and spend more time doing something I like….. more. Of course, in my case, my favorite thing to do is…Continue
The spring always start with such promise and now looking back we ended u with an incredible average year. Thats not all bad but our field operations were so poor and makes me wonder how sustainable our all no-till business model is. We ended up planting 450 acres and prevent planting 40.
In the end our corn average 178 bushels dried and delivered. We had 217 bushels on a high farm and 126 bushels on a low farm. That farm probably should have been replanted but with an off farm…Continue
Starting over in hay farming:
We started grain farming five years ago in Ohio and thanks to a lot of luck and concentrating skills we survived and grew the base.
This summer we made the decision to start farming our own 40 acres in MN instead of renting them out. A lot of non financial reasons to do this as collecting cash rent is a lot easier.
- My kids will each have to invest in an acre and will have to track the finances of that acre. I want to teach them about money and…
We planted our first crop in 2009 with a total of 260 acres. We started planning in earnest in the summer of 2008 when we have firm commitments to rent 110 acres along with the 150 I had been paying on since I finished college. I posted on this sight and Ag.com looking for any and all pointers. I had always been the hired hand up to that point and had no family that crop farmed. Im sure I learned countless things the easy way from gracious posters. Even though I still learn…Continue
A guy I know, who buys a lot of corn, stated a couple of weeks ago that the last three years have turned good disciplined marketers into bad marketers. He's right in the sense that in the last three years any forward sale has been a bad one. I agree with him that selling grain should be about risk control and not about dollar maximization. Those that can make the jump are better marketers and sleep better. The business school people would say which do you want... two identical…Continue