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Crop and input prices


acem
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6 hours ago, jass1660 said:

That doesn’t work in central Illinois with $500/acre rent…

The highest rent I have ever paid was $200 less than that. I would be terrified of $500 rent with things the way they are, but I know lots of guys are doing it. Interest on operating loans is going to be a killer if rates go up. What yield does $500/acre ground usually produce?

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1 hour ago, brahamfireman said:

Your extra 100 bushel an acre yield, @ $5 doesn't cover the higher rent?

$150/acre for fertilizer $120/acre for seed $60/acre pesticide $50/acre insurance and no idea on machinery and labor costs but most of them in a good year will make 240 bpa dry. I just help a poor broke cheap dairy farmer on the crop side now, much less stress. 

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1 hour ago, Dirt_Floor_Poor said:

The highest rent I have ever paid was $200 less than that. I would be terrified of $500 rent with things the way they are, but I know lots of guys are doing it. Interest on operating loans is going to be a killer if rates go up. What yield does $500/acre ground usually produce?

Central Illinois can make 240 corn and 70 bpa beans. I’m in Northeast Illinois our yields our somewhat lower but one guy is paying $425 on a 3 year lease. 

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On 3/1/2022 at 8:47 PM, brewcrew said:

I was sitting on a bin full of unpriced corn, 5000 bu, hoping for $7. People smarter than me called me crazy. My neighbors (who are really good to me) asked to buy some, so I sold 2000 bu to them in low $6’s. With corn limit up today I could get $7, but at this point I think I’ll get greedy. I might be wrong, but I can afford to be. Not sure if I’ll hold for $8, or take mid $7’s. 

It is 7.50 here today

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It looks like this will be an extended war due to the resolve of the Ukrainian military and more Importantly their civilians. 

In this video a retired general give a good description at the 3 min mark.

 

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On 3/1/2022 at 6:47 PM, brewcrew said:

I was sitting on a bin full of unpriced corn, 5000 bu, hoping for $7. People smarter than me called me crazy. My neighbors (who are really good to me) asked to buy some, so I sold 2000 bu to them in low $6’s. With corn limit up today I could get $7, but at this point I think I’ll get greedy. I might be wrong, but I can afford to be. Not sure if I’ll hold for $8, or take mid $7’s. 

I grow a little soft white wheat. First I will admit I like to play some, win some lose some. Last Nov price hanging around  $11-11.50 range hoped it was going higher, then it dropped to $11 several weeks later it hit $11.50 again so I sold 40k bushels. Then price dropped.  Price now up to $11.80  I think i will sit on the balance and see what happens. Sounds like spring wheat is short and priced high. Never planted using my grain but might do it this year.

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49 minutes ago, acem said:

A link to a Russian perspective. Just for information.

Basically they plan to crush the Ukrainian military and have a Russian friendly government. 

https://www.rt.com/russia/551314-putin-explains-ukraine-tactic/

That was reported as  PT s option 1 .   3 weeks ago.  Right from the cia play book,USA has done many times .

Where the cia wanted the drugs $  ,and were told to get the oil,from incorrect politics of elected leader ,by installing a friendly thug.

A little off script, but joe said a 1/2 (little) incursion was good.

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On 2/26/2022 at 5:48 AM, brahamfireman said:

Where are you located? I am always fascinated by the hay market and how variable it is. I put up 100 small squares this summer because the ground fell in my lap. I have no hay equipment and no desire to do it, so I did it on shares with the neighbor. Local auction house is getting $8-10 a small square for anything green, lots of hobby horse, goat, beef, people around here. Small rounds go for more than big rounds because hobby people don't have big enough tractors to move them. Big squares you never see at auction, no one can handle them.

Three twine green well cured dairy hay, 2022 crop out of Navada and Arizona milk hay tested, 400.00 ton and up last week  in Calif.

 BTW three twine milk hay bale weight 110 to 125 lbs.

Tony

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On 3/1/2022 at 6:27 PM, mmi said:

our 1/2 of normal, hay supplies are 2 weeks out IF  !!! shipped 6-8 wks early to dealer,  $6300 vs last yrs inflated and 1/4 short $3200.

Remember its only 7% increase lest you kill the planet and support the war.

Also had to get meds today , they had 8 people on staff,and CLOSE up for stay in cage, lunch starting today, 6 power criminal gates like NYC. They did have 10 seats for the women to wait.

2 staff ,were just to handle "price adjustment" since EVERYONE has a different $ and you need to pay CLOSE attention $$$$.

Also picked up 2 months of car gas, saved $30, vs next week >

2 x 4 was 9.89

osb  44.99

no x 30 w oil

 (2) 5" ,4oz sandwich,25 fries  $10

Where do you get 7%? Inflation was 7.65 before the latest distraction according to the government. Actual inflation numbers are closer to double those figures. 
 

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6 hours ago, Tonyinca said:

Three twine green well cured dairy hay, 2022 crop out of Navada and Arizona milk hay tested, 400.00 ton and up last week  in Calif.

 BTW three twine milk hay bale weight 110 to 125 lbs.

Tony

Tony- really quick math puts that around $22.00 a bale? Am I calculating that wrong?

 

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1 hour ago, Ihfan4life said:

Where do you get 7%? Inflation was 7.65 before the latest distraction according to the government. Actual inflation numbers are closer to double those figures. 
 

That is the "facts" direct from the powers ,as disseminated by approved methods.

With that approved $  ,it is widely reported,   < feb 20  < that 7% costs the average home $700 MORE per month.

We dont make $15K + per month like the elites. so it is only  $500 mo +  SO FAR !!

As I reported it was a little slow getting here, but 2 weeks ago, What we buy, was from 1-40% increase in price over the prior month.

over the next 2 months that is going to average 55% +

in the last 5 days gas went up $ .80 gal ,exactly WHY, because they cant waste an invented crisis. Where ??? has the supply been disrupted?

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12 hours ago, Ihfan4life said:

Tony- really quick math puts that around $22.00 a bale? Am I calculating that wrong?

 

Yep your math is correct. Just found out 120 miles west of Tony a feed store is paying a farmer $25 a bale. The farmer also sells a bale at time at his barn for the horsey folks $25 for oats,wheat,barley mix that are only 100 lbs a bale. Oh at the farm you load your own bales. The in town store is at $30 a bale. 

This is partly because of dry conditions and last years crop not being large. But the owner of feed store also has a hay brokering and trucking business. So if they could find it cheaper including the haul they would do it. They have orchard and timothy hay they bring from Washington state. We have "world class" hunter and jumper facility that gets east coast horses to the west and that is the hay "their horses want". So those are in the $30 a bale for 50 to 60 lbs bales. But many "horsey people" in the hunter jumper world are a different breed shale I say. 

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16 hours ago, Ihfan4life said:

Tony- really quick math puts that around $22.00 a bale? Am I calculating that wrong?

 

Yes and its going higher! 

 As ray54 mention above , there are two factors at play in my opinion . 

  First; the continued water shortage in CA.not encouraging hay production.

 Second ; Competion of competing crops for available open land. Meaning so much hay ground has gone into permanent crops because of more stable ROI whether it be from water, land cost, labor availability . However, few guys are talking cotton and Hay,  after abandoning them years ago, because of their current high value, but equipment is also a limiting factor if one has been away from it for some years

 Tony 

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22 hours ago, mmi said:

in the last 5 days gas went up $ .80 gal ,exactly WHY, because they cant waste an invented crisis. Where ??? has the supply been disrupted?

https://www.breitbart.com/politics/2022/03/07/white-house-rejects-idea-of-boosting-domestic-oil-production-to-lower-gas-prices/

A concerted effort by the party of "progressives", and their allies (constituencies) of the MEDIA, academia, the MEDIA,  environmentalist activists, the MEDIA,  the Hollywoke elite, and the MEDIA to DESTROY the "pee-ons" outside of the urban areas. Remember that 'flyover country' IS the home of "bitter clingers", "deplorables", and according to the FBI, "domestic terrorists".

Too bad that the oil and gas producing states don't form their own domestic version of OPEC and do a "Soup NAZI" on the urban and anti-drilling areas of the country, by saying "NO OIL FOR YOU".

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1 hour ago, Art From Coleman said:

 

Too bad that the oil and gas producing states don't form their own domestic version of OPEC and do a "Soup NAZI" on the urban and anti-drilling areas of the country, by saying "NO OIL FOR YOU".

I don’t think I’ve ever agreed with Art, and I may never again, but this I like!!!!

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