Originally Posted by
LoneStar32
Thought the farming industry was in distress because of the Chinese or some ****? Seems like it is doing just fine judging by these posts.
Oh yes, Ag income is down, It will probably continue to go down for spot grain transactions. However, luckily we have a lot forward contracted that will help. Additionally, in farming, the decisions that doom an operation generally aren’t made when the markets are in the ditch, they are made 5-10 years before when things were booming. Our operation owns most of the ground we farm and runs older equipment, so, the overhead is less in our situation. A down market can provide tremendous opportunity in the long term, at least in my opinion.