Unfortunately if everyone gets adequate rain and has a good/great crop, prices will plummet and almost everyone will suffer. Those with better marketing skills will have presold or hedged, will escape. Unfortunately that is the scenaro when you are given a price for your product rather than setting a price. With the current system it is better to have crop insurance and have some significant areas fail each year. The failed areas can collect insurance and the others sell a large crop at higher prices. It would be great if somehow we could rotate the drought areas to even out the good/bad years but someone else controls that issue and those with irrigation would screw up that idea. So until the market demand catches up with our ability to produce, it remains fortunate for many that unfortunately everyone doesn't have a great crop. I've also had too much rain and some corn will be over 200 bu/acre and some (too much) more like 50.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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