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Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.
Bean yeild will be lucky to average 35 around here. Corn could make 153 average if we have ideal conditions. As 8:15 says wet corn late harvest high cost the corprate price gougers are in town. I think we should look really hard at not buying anything from any large corp that has to much control on price fixing. Maybe plant non gm corn and beans let them grow up in weeds so everyone can share in the riches. Replant corn and beans paid tech fees twice kinda like double taxation. If there product is so good why won't they stand behind it.
If your lucky this year you will get 200 bushel corn, probably at 23-25 moisture. Should only set you back anywhere from $70-100 drying charges per acre. Throw in another $100 seed cost, another $200 rent, sprays, harvesting, trucking expenses etc. Your rich?????
Ive heard its around $7.00 an acre for tech fees. Not too bad on some 80millacres corn and some 78 mill acres soybeans. 158 million times $7.00. Year after year after year. The crop legally isnt farmers for seed of course. In my area they are paying over $2.00 a bushel over Chicago board price for non-gmo soybeans. It seems like our soybean yields havent really gained much after gmos took over. I wish one year someone would pay me a $100.00 for every 35,000 kernels of corn I produced. Just some thoughts.