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RSS By: Kevin Van Trump, AgWeb.com

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Be Careful Betting Against The American Farmer

Apr 26, 2011

I usually don't like to point out the obvious, but I thought maybe a picture might be worth it's weight in gold.  Before I start, please remember not one time during this entire run higher have I ever wavered from my "bullish" convictions regarding corn prices, and I still continue to believe we have some room left to move even higher.  However, you have to believe with corn prices at these levels, every producer out there will be doing absolutely the most with their God given powers to get as much corn in the ground as humanly possible this year.  Rest assured everyone will be pushing the planting envelope to the last available moment trying to get each and every seed in the ground.  This crop has the potential to mean more to producers here in the US than any single crop in our lifetime, and I highly doubt the farmer is going to simply let it slip by without a major fight.  I know planting has become questionable at best with the recent weather patterns, and I am starting to doubt we can meet the USDA's projected planted acreage estimates, but if there is one group of people I do not want to bet against it is the "American Farmer."  Equipped with massive modern machinery like the one pictured below (John Deer 48 row planter) and incredibly high stakes on the line, it wouldn't surprise me to see the American Farmer burn the midnight oil until every last seed is in the ground.  Talk and projections are cheap.  Remember, the market is also of the belief that "actions" are much louder than words... I know what the American Farmers are capable of, I continue to ask the doubters to be careful thinking that the weather will pitch a "shut-out".

    

 

 

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