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See the latest reader comments and hear John explain some of agriculture’s complex topics.
Viewers Speak: The Fed, Yields, & GMO's
Sep 23, 2013
***Editor’s Note: The following comments were received in response to the September 21-22, 2013 edition of U.S. Farm Report…
#1: When it comes to economics John you don't have a clue. The fed had taken actions that are short term beneficial and long term disastrous. Japan has followed similar policies and they have experienced over a decade of stagflation. Is that what you think we want in this country? You should talk about things you know something about whatever that is. Stephen Palmer
I heard you on ag radio talk about why you do not tell your fellow farmers what your yield is. That you think it is valuable to Cargill. You are wrong. My barn burned in the mid 1990's and my brother who is in IT sent me an enhanced picture from a weather satellite that showed the people, fire hoses, everything. They can even tell you the brand of golf ball you are playing with from space. Cargill no doubt watches every truck you fill and measures every square foot you combined to fill it. They know exactly what your yield is. Every big player uses this technology including the Chinese. They can see every corn plant from space, measure every drowned out area, and they have a very good idea what the US production is. They want to pit you against your fellow farmers so they can get your crop as cheaply as possible. You must also know the USDA has been lying to you about the US crop. It is clear there was no carryover from the barges going up the Mississippi and the fact that they are paying you $1 to $1.5 over for your early beans. You are not so astute and they are doing you no favors. They are paying you $1.50 over because they have no left over beans and they know there are not going to be enough beans. I am retired and my farm is sold so it does not involve me anymore, nor you for long. But if your son is to have a chance of getting a fair return on his investment and a chance of getting a fair price, farmers all over the world are going to have to openly share their information in order to level the playing field. I kept a few acres and grow a little corn for my few chickens and some sweet corn for us. My sweet corn was 3 weeks late. My field corn aborted all the second ears and tip-back was severe. Stalks are as fragile as glass. We did not have drought, only lots of clouds and cold and then lots of clouds and heat. I got it in early because I plant so little. My neighbors were not so lucky and the corn on these old clay hills will not make it. I have seen the pictures, seen the flash drought, and I have no doubt the crop will be much smaller than they predict. I also see the record short position out there, but what you have to realize is that for every short there is a long and those longs are going to demand delivery and when those shorts try to cover they will not find the corn to do it and there will be a wild short covering rally. The farmers foolish enough to sell their corn for $4.50 while the good fields are harvested first will be the losers when those figures for the drowned out fields come in. John Geis
#3: There’s a lot of Monsanto money influencing the scientific debate on GMOs. The U.S. Farm Report would do well to balance that by inviting some of the well-known opponents to GMOs to give the counter arguments to Monsanto’s claims. Please invite Jeffrey Smith or Howard Vlieger and give them a fair time slot. Thank you, Eli Dumitru