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deltadukman wrote:Wish I had the coin a few years ago when everyone was having fire sales on all that new cotton equipment...especially DB Griffins sale. I would have stuck them in the barn and held on to them. I called this with a customer of mine when it started happening who had moved from cotton to grain production...he took the bet...leased out his sandy ground, and bought up some new pickers and equipment and discount prices and stuck them back. We'll see how it goes. This situation in Egypt isnt hurting it either. One of the few times in my life I called something and it happened correctly...just didnt have the rent money to jump...story of my life.

the popular consensus is that since the corn ins. program is ending/has ended, we'll get a jump in cotton acres because of all the cotton equipment that is sitting in sheds, that heavy notes are still being paid on, that will be put back to work in the fields to help knock down the debt owed on them. my biggest concern is all of the gins that have shut down (gins rarely re-open after being shut down) and what transporting modules over long distances, to the remaining gins, will do the to final payout to farmers... that $1.25 cotton, won't really equal $1.25 once every one gets their lil piece of the boll.


*sorry for the hijack, wasn't trying to turn a livestock thread into a commodity thread*

yal remember the boll weavil eradication program.... that must have worked.

when r they gonna do one for mosquitos??

sunnylab wrote:yal remember the boll weavil eradication program.... that must have worked.

when r they gonna do one for mosquitos??

yes it has worked/ is working - 0 weevils the last 2 years..... compared to 17,000+ in 2003
we're considered eradicated along with all the states around us plus mo and ok, except la - caught 1 early season last year, and back east to virginia. there are a few regions in tx (they have 10+ regions) that are just hitting their stride in the program, but east and west tx to ca is considered eradicated as well and the cotton producing region of mexico just over the rio grande, from west tx and nm, has been in a program for a while.

imagine what these prices will do to land prices. and i'm sure will effect rent prices in some areas like up north in the corn belt.

up in mid west, it is fairly common to see 7000/acre land prices being paid for good crop ground

But you still cant give a dang horse away

It is putting some upward pressure on land prices, some farms have sold twice in the last year and gained 10% to 15% above the first sale. But even the best delta farm here wont go for much more than 3,500/acre, with most being way below that. There has always been a big disparity between mid-west prices and delta prices. They dont have the bug pressure, irrigation costs, etc. They make higher grain yields as well. There are a bunch of funds looking for land in the delta now. When the commodity bubble bursts, and it will, land prices will follow to an extent.

Anybody remember what happened to farm land prices in the early 80's? About a 70% decline from 81 to 83. It's taken it over twenty years to get back to 1981 prices for good farms. It will be intresting to see what happens over the next 18 months.

donia wrote: the popular consensus is that since the corn ins. program is ending/has ended, we'll get a jump in cotton acres because of all the cotton equipment that is sitting in sheds, that heavy notes are still being paid on, that will be put back to work in the fields to help knock down the debt owed on them. my biggest concern is all of the gins that have shut down (gins rarely re-open after being shut down) and what transporting modules over long distances, to the remaining gins, will do the to final payout to farmers... that $1.25 cotton, won't really equal $1.25 once every one gets their lil piece of the boll.


*sorry for the hijack, wasn't trying to turn a livestock thread into a commodity thread*

Right now brokers are taking bookings at 850-900 points off market price, that will equal out to 8.5-9 cents/lb. so they are still doing pretty good. Most ginners have been giving rebates the last couple of years, so that knocks out there cut. As long as the cotton has no major quality issues these guys will still net well over a dollar/lb for their cotton if booked right now. Not saying these guys don't still have their work cut out but there is a great opportunity for farmers to make some money this year (and last) and I hope they do.

On another note, the high commodity prices will significantly decrease the # of duck holes in the delta. Most of these guys are looking at grossing $675/acre for 50 bu. beans at $13.50. Even more for corn. Translate this into they really don't care how much your willing to give them for a hole, they are gonna cut those beans and then get the land ready for next year. For those of you that don't know, this is why these farmers are looking at some of these non-ag duckhunters like they have a third eye on the forehead when asked to leave some crop in the field for the ducks.

Boys...just like the song goes...you ain't seen nothing yet! June hogs at $1, production cost of milk is more than what farmers are getting paid and getting worse, and we still want to put corn in our gas tank? And until Soccer Mom starts complaining about grocery store prices, its not gonna change.

Calves are moving and stuff thats been broke for years is getting fixed

You gotta love the wonderful world of corn based ethanol driving everything up. Corn should be used for livestock and food, not for making fuel. If it wasn't for govt subsidies, ethanol would still be a pipe dream. Farming/Ethanol have to be the biggest recipients of corporate welfare.

MrGoodtime wrote:But you still cant give a dang horse away

That is because all of the 'kill' plants in the US have been shut down because to all the afore mentioned bleeding hearts.

From wikipedia
As of 2010, horse values have dropped significantly since 2007, when the ban went into effect. Some people attribute this to the ban on slaughter, but it also coincides with the drop in the overall economy in 2008-2009. There is also a correlation to a continued practice of breeding too many horses for a declining market. In addition, a drop in the economic status of horse owners can result in the inability to provide their horse an appropriate standard of care. Eventually, there may be a need to sell a horse which has become a financial hardship. If unable to sell, these owners may not have the financial resources required to have their horses retrained for an alternative use and might not be financially able or willing to bear the cost of euthanasia and disposal of the horse. The cost on average is $500 to humanely euthanise a horse and have it buried. This situation has also led to an increase in the number of horse abandonment and cruelty cases.
In order to put things into perspective for the idea that the ban of slaughter results in unwanted horses: Currently there are 9.2 million horses in the U.S. Each year, less than 100,000 go to slaughter (which is about 1 percent.) This number has remained stable for many years.

speaking of horses, how come the bleeding heart types will complain about a pathetic looking horse but some damn cub with 15 cows on 1 acre of poass land with their hips sticking out and don't nobody give a shat?