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SI Farming thread... mostly for us city slickers I guess :O)

To: Paul Kern who wrote (1247) 6/8/2008 8:33:35 AM
From: farmerboy Read Replies (1) of 1256

A few conversations:
Conversation 1: Manager of an ethanol plant in N Central IA
My friend operates a plant in that area. He came home this weekend for graduation activities. He noted that there were quarter sections of farmland under water as he drove thru IA. Corn that is planted is only up a few inches rather than the foot it should be. Some fields have not been planted...these more than likely will be planted to beans.

Things work in a close network at the plant in regards to buying corn. The purchasing department works closely with the neighboring farmers and their banker to work out financial agreements that benefits all three parties. The farmer can get his new equipment. The plant gets corn a bit lower than open market. The banker knows just what numbers to use in the cash flow analysis. Win win. The plant had a very good month in May. All of the corn they are using was contracted at $5.00 going out to September.

The owner of the plant is also a corn/ cattle farmer. He owns 30,000 acres - has anybody ever seen a 36 row planter? Mine was a measely 4 row International that used differerent sized plates for different kernel sizes.

Now thats's farming....

Conversation 2: Farmer friend from NW IA.
He got his corn in. It is even up! And, it isn't any further behind than his neighbot who got it in 2 weeks earlier.
He said people are very worried around his area. Corn can still do OK but it will definitely not be a boom. The brokers he is in contact with are saying that they really do not how hig things will go but go it will. He already sold corn this week on the cash market at 6.00-6.50. He advised hanging on to fertilizer since next year it will be fence row to fence row. I believe that is what is also driving the ferts. Next year will be quite interesting.

Have a good one.....

P.S. fwiw I added to DBA on Friday.

farmerboy

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To: farmerboy who wrote (1253) 6/8/2008 9:16:04 AM
From: Ish of 1256

<<Some fields have not been planted...these more than likely will be planted to beans.>>

Not if the nitrogen has already been put down. I live in Central Illinois and a lot of corn still hasn't been planted. Those fields my lose 20 bu/ac.
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To: Ish who wrote (1254) 6/8/2008 10:16:58 AM
From: farmerboy of 1256

Agreed...if the N went in that is completely different.
Some guys do post-plant N to keep their options open.

I live in NE WI. We are getting DRENCHED! If the corn wasn't in before this deluge it will be awhile before they can get in again if at all. I have not seen any hay cut yet. Usually the first crop comes off by the first week of June. It won't be this year. Milk production will be down. Look for milk price increases as well.
Any ETF that includes milk?

farmerboy.

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To: farmerboy who wrote (1255) 6/8/2008 10:56:22 AM
From: Ish of 1256

We had a break in the weather early April and a lot of guys put N down not knowing it was going to turn back wet. Some of that N won't be worth a shit as if it sits wet long enough it will revert back to a type the plants can't use.