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Driftless SW Wisconsin | You raise a very interesting and important question. We sure don't want to repeat an Ag version of the subprime mortgage debacle where greed and lack of common sense led to a house of cards which was bound to colllapse. We all need 'orderly' markets and inputs. I think there are demand and supply issues esp in wheat but it does seem like up and down movements of a couple dollars a day signal there are other things at work which do not seem logical. For a producer one way of dealing with this type situation is to try to be orderly at least in our own transactions. This seems to me to be a time to sell a percent of your production weekly at the same time on the same day and be able to sleep nights. Similarly lock in next seasons inputs so that you have somewhat locked in a modest profit for 08 & 09. Sure you miss selling all at the top but you also miss selling all after a price collapse. Above all don't be greedy. Remember the kids fable where a dog found a steak and was carrying it in his mouth across a bridge. He saw his reflection in the waterof a dog carrying what appeared to be a bigger steak. He opened his mouth to grab the other dogs bigger steak, dropped his in the water and ended up with none. jmho. Jim at Dawn
Edited by Jim 3/3/2008 20:38
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is speculation money going to ruin the whole thing?
