Revealing Info from Profit Briefings!
Dec 14, 2012
From The Editor
December 14, 2012
Hello Pro Farmer Members!
I had a great time seeing familiar faces and meeting new Pro Farmer Members this week at Profit Briefing Seminars in Tunica, Mississippi, and Columbus, Ohio. The guys in Tunica had some very brow-lifting opinions... they are running away from cotton in 2013. The cotton price stinks; the corn price doesn't. It costs more to grow cotton than corn; and the labor load on cotton is significantly more than for corn.
And they're coming off a great corn year in 2012. Irrigators saw yields over 250 bu. per acre and dryland corn was better than they'd normally expect. Revenue on corn was through the roof. Because of lower land costs, even the irrigators have costs of production around $700 per acre, so the $1,200 in revenue they generated with corn in 2012 is plenty of incentive to plant even more corn in the year ahead.
The acreage debate is going to start to heat up early in 2013. So far, we're convinced Midwest corn acres will be down from year-ago -- and we were thinking total corn acres would be down a touch from last year. After the trip to the Delta... we're not so sure total corn acres will be down. Steady-with-year-ago seems to be a much more likely outcome for 2013 corn plantings.
December Crop Tour newsletter -
We've got the latest on South American corn and soybean production potential from Dr. Michael Cordonnier in the December issue of Pro Farmer's Crop Tour newsletter. It's available now in the subscriptions box on the home page of your website. Click here to go straight to the Crop Tour newsletter.
Profit Briefing update -
LandOwner Editor Mike Walsten, Inputs Monitor reporter Davis Michaelsen, Pro Farmer Sr. Market Analyst Brian Grete and PF Washington consultant Jim Wiesemeyer will be at Profit Briefing Seminars next week in Quincy and Rock Island, Illinois. There's still time to register - call Shelley at 1-800-772-0023 to save your spot.
That's it for now...
I'm headed home. My son Thomas is 17... but he's going to have to put up with a big hug from me. My daughter Emily is 20 and her phone is about to get filled up with texts from her dad, too. My heart, thoughts and prayers go out to all people at that school in Connecticut. How dreadful...
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