[TigerLikesRooster]

Ping!

[the invisib1e hand]

I try to pay attention to what farmers are saying.

[CaptainK]

Is there any good news anywhere?

[PGR88]

More fear-mongering. Deere has a 1 year waiting list for new harvesters. Good farm land in mid-west is at record prices. Cargill and ADM quite desperate to get grain into their silos, so spreads vs. futures are good. Crop prices can be locked in now via futures, if farmers want, so they have a guaranteed price for their crop, and crop insurance can cover weather disasters.

[GinaLolaB]

El Presidente Bush-o has a slow, down home, lasse-faire attitude about everything. It is like he cannot react. Something happened to his reflexes. He can’t respond.

[sagar]

But, but, I thought prices were high due to ETHANOOOOOOL!!!

[Bernard]

This entire article sounds like a commercial for large corporate farms, because the basic argument is the fear of failure; this could go wrong, that could go wrong, the sky is falling. The same as any small business would face, especially with an annual busy season.

[Rte66]

Oklahoma farmers might be a bad example - at least, the ones who own their own minerals rights under their land. Those farmers should be doing well right now.

[eclecticEel]

I know I would be scared silly if I suddenly started making 3-4 times my previous salary - wait, what?

[GOPJ]

The “miracle” of American farming is oil. Oil for tractors, energy for fertilizers, petroleum products for pest control... we probably put more energy into our food than we get out...

[familyop]

So some people will make a lot of money by producing small milling units (grinders) for families and individuals. It’s time for victory grain gardens.

[kennyboy509]

Why are we importing wheat?

[OKIEDOC]

I have thought all along that all this bad economic news was fear mongering on the part of the Democrats and their Main Stream Press enablers.

However, I have noticed over the past three years prices have crept, jumped and leaped higher and higher.

It seems a few short years ago prices would go up and then return to normal after a while.

But for the last few years those people I know who live on a fixed income have really started complaining about the rise in everything from medicine, fuel to groceries.

I can understand that many have good jobs, raises and vacation time but all of that is fleeting if the company you work for decides to raise share prices buy downsizing.

So before jumping on the old argument that it's just a bunch of people who need to go out and get a real paying job be very careful.

I am a believer that America runs in slow up and down cycles and then there is an adjustment.

I think the economy is trying to make an adjustment but the government is determined not to let real correction take place.

Bailing out every Tom Dick and Harry financial company reeks of Socialism.

Just the lowly opinion of a red state wannabe.

[ccmay]

His cost of production is two-and-one-half to three times higher than they were three years ago

Ridiculous exaggeration. There is no possibility that this can be true. Fuel is not three times more expensive than three years ago, and tractors are not three times more expensive. Perhaps this is true of seed or fertilizer but that cannot explain such a staggering increase in the cost of production.

I think the farmers are poor-mouthing because they don't want the public to yank the Federal farm-support teat away from them now that crop prices are near all-time highs.

-ccm

[TheBattman]

Record grain prices....so it is time to phase out farm subsidies....

[taxesareforever]

"The story here is not just that farmers are receiving three times higher prices than they did three years ago,” he said. "His cost of production is two-and-one-half to three times higher than they were three years ago, and when the cost of production goes up, his risks are three times higher.”

Hmmm. I wonder why this analogy isn't used to support higher oil company costs? Is it because oil companies are considered evil?

[AZLiberty]

This is what futures trading is for. If they’re happy with $12 wheat, farmers can lock in that price by selling futures at that price. If they want to risk a $12 price on the hopes that the price will be even higher when they deliver this fall, they can do that instead.

[shaft29]

“You stumble your toe these days and you are out of business,” Cassidy said.

Did the author go to the Yogi Berra school of journalism?

[Freedom_Is_Not_Free]

No, there is no inflation. BurnYankee needs to slash the Fed funds rate to 0.1% now. /s

[redgolum]

My father and uncle have said similar things. Even with high grain prices, they will not be exposing themselves as much this year as in years past. The risk is way to big, and the commodity bubble will pop.