I'm feeling better about life now that it seems Mother Nature has stopped beating us up. Last week was rough on crops and an educated estimate was I/we were losing $1000 per day across the board. It's much worse in central Iowa according the reports I'm getting. Son hits the central Iowa area frequently and Cousin travels the SC/SW/NW Iowa, SE Nebraska area. Both are telling the same story.
I feel fortunate that we are on good bottom land that has (until last week) suffered very little.
I've seen a lot of weather disasters over the years and lost a lot of crops for various reasons so I'm glad that I no longer answer to bank loan officers-just my own judgement. With current state of world affairs and the drastic increase in cost of operation, I can see some(possibly MANY) farmers who simply can't continue. This is a dangerous trend as farming has a constant turnover anyway due to age and health of us older operators and the young operators shying away from a questionable future.
I feel fortunate that we are on good bottom land that has (until last week) suffered very little.
I've seen a lot of weather disasters over the years and lost a lot of crops for various reasons so I'm glad that I no longer answer to bank loan officers-just my own judgement. With current state of world affairs and the drastic increase in cost of operation, I can see some(possibly MANY) farmers who simply can't continue. This is a dangerous trend as farming has a constant turnover anyway due to age and health of us older operators and the young operators shying away from a questionable future.