The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
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Here's a sampling of what some folks are saying:
Land: Rent in our area is all over the place, most cash rents on average ground is $140 - $220 for 2009, BUT we have had a few greedy Land Hogs that took ground away from long time tenants last fall at rent MUCH above the high. I heard some of those fellows are now trying to renegotiate their rents, I hope the Landlords don't negotiate & make them pay that ridiculous rent, most of us will enjoy going to their farm sales next year and NOT bidding on any of there fancy equipment.
With all the high inputs & low grain prices I truly believe there will be tough times ahead, with a NEW Farm Crisis if things don't change shortly.
The USDA Outlook Forum is the biggest farce so far this year, they have no clue how acreage will turn out, it's just a guess for the end users benefit. Also, when they project imports and exports, could they do anymore damage ??? I don't suggest that USDA should lie, they already do that. But sometimes, no news is good news, if you can't say something positive, try not saying anything at all. Keep the faith, I think things will get better a whole lot faster than we think.
Our commodity prices rose and rose, all the analysts said we’ve reached a new plateau. It can’t go down from here. Now those same analysts are saying boy, if you get the chance to sell $4 corn and $10 beans, you better jump. I have trouble listening to them all, because they change their tune, just like the markets.
Machinery and cars, and trucks have not dropped in price by 50%. What farming is seeing is a depression, not a recession. Our goods are now worth less than what they cost us to grow them.
Hopefully, the 2010 year, inputs, will be more in line with prices, and we can squeeze out a profit, but we all have to hang on thru this year. It may not be fair, but we’ve all been in this business long enough to know, farming is not fair.
-- Nueces County, South Texas
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To all of the clowns, oops, I mean analysts predicting an average of 158bpa for corn in 2009, you might want to take your crystal ball and wipe it with some Charmin if you know what I mean. If you want to go with a solid prediction I will offer you one. We will never like any of you because you are puppets that manipulate markets.
With the fertilizer salesman I ordered 6 ton on ESN nitrogen for my starter and that's all we can justify using on 200 acres. He seemed disgusted with me and said if he was me he would use the same as last year. I told him go rent some ground and put all the fertilizer you want, $3.15 corn does not cash flow at those input costs.
I told the seed salesman I had already ordered $60.00 a bag corn and there's no way we can afford $275.00 a bag corn, his $275.00 a bag corn suddenly became $150.00 a bag, however our farm still can not justify those input costs.
Last year we did all what these so called expert salesman suggested, and we ended up working for the fertilizer and seed company for no pay.
We also went and saw a Bankruptcy Attorney, his advise "get out while the getting is still good" As we both sat there listening, it just makes you think how stupid us farmers must sound. We try to stay in business in times like these by trying to borrow more money to pay the bills we couldn't pay before. It just seems that farmers are meant to work for nothing for there sweat and tears.
All in all, our farm has decided to do it one more year, isn't it silly, we have better odds going to Las Vegas, at least there I think you get the drinks for free?
-- North Central Bureau County Illinois