bumper crop of beans
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Printed Date: 22 Aug 2025 at 6:29am
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Topic: bumper crop of beans
Posted By: festus51
Subject: bumper crop of beans
Date Posted: 16 May 2020 at 1:12am
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I am going to rant a bit. Just read about soybean production for 2020. The crop is not in the ground and the speculators all ready have us harvesting a bumper crop with carry over up 110 million bushels more than 2019. The farmer doesn't stand a chance anymore. The only hope is for some region of the US or world to have a crop failure. If that does happen that means some farmer just has to suffer more than normal or go under. It is getting bad no matter what I plant, just not much hope of making any money. Not much enthusiasm for farming anymore. I'm done thanks for listening. ------------- We the unwilling Led by the unqualified Doing the impossible for the Ungrateful |
Replies:
Posted By: shameless dude
Date Posted: 16 May 2020 at 3:15am
| where ever you read that, call them on it! make them explain how they figure what! put them on the spot, maybe peop-le won't trust them anymore on what they say/predict. a letter to the big farm magazines work real well! |
Posted By: festus51
Date Posted: 16 May 2020 at 7:26am
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It was Farm Futures Seems like the people behind a desk do this every year. ------------- We the unwilling Led by the unqualified Doing the impossible for the Ungrateful |
Posted By: chaskaduo
Date Posted: 16 May 2020 at 8:18am
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Trying to con speculators? ------------- 1938 B, 79 Dynamark 11/36 6spd, 95 Weed-Eater 16hp, 2010 Bolens 14hp |
Posted By: modirt
Date Posted: 16 May 2020 at 8:57am
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Probably based off a number of factors.......seed purchases, etc. Plus I suspect economics favors beans over corn.....that was the case with one of our tenants on a 300 acre farm. Normally 50:50 corn/beans......this year all beans. But that was due to flooding concerns more than economics. But despite all that, farmers.....if they were smart AND disciplined.....could have more say in prices than they know. Farmers are geared to produce......wall to wall and treetop tall. Old joke.....couple brothers were buying watermelons in SE Missouri for 50 cents each and hauling them to Chicago where they sold them 3 for $1. After loosing a lot of money.....one suggested they could make up for the losses with volume if they would get a bigger truck. What farmers could do instead would be to idle a percentage of their fields......doing so would dry up the surplus supply....creating shortages (think current meat market).......then "buy the board"......go long on the Board of Trade.....just like the traders do. Prices would go up on crops they "owned" that didn't exist. The problem with that is farmers are not disciplined enough to organize.....and to stick with it. A lot of guys would cheat.....and plant wall to wall and treetop tall. So the losers would be the ones who actually did it.
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Posted By: ac fleet
Date Posted: 16 May 2020 at 10:12am
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Guys behind a desk that NEVER seen a bean or corn plant dictate what price you will be paid. ----That plus the political side of it, and no you don't stand a chance of making anything. ---Nother reason to quit farming, let the bastards starve! ------------- http://machinebuildersnetwork.com/ |
Posted By: FloydKS
Date Posted: 16 May 2020 at 12:48pm
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My dad...who belonged to the Farmers Union, that's what they called it, ...said there is no union in farming cause everyone wants to do their own thing. I am paraphrasing here... ------------- Holding a grudge is like taking poison and expecting the other person to die |
Posted By: Ray54
Date Posted: 16 May 2020 at 4:42pm
Shameless go fire the machine, an get the site right so you hit the  target. Now bury the office where the trades on the Chicago futures are run from. If you get them rally covered so they cannot see out the windows, should have them snowed. So they think the crop is done for the year. But farmer have to be ready to sell  and once it gets profitable you got to sell and not get greedy and want even more. Cause you know Shamers will take a  nap and snow will melt off their windows, game over.I think it was 17 I put some numbers together about planting a little barley to harvest. I am not that smart,but not
completely crazy ether. If it turned out good I broke even,not so good a crop cost me money. I like turning dirt and playing on the tractor,but not that much. Down to just planting a little hay. Have not  been sorry about not planting grain for harvest since. |
Posted By: FREEDGUY
Date Posted: 16 May 2020 at 7:30pm
| A local BTO is "normally" 50/50 corn beans on around 2800 acres. They pulled the plug on anymore corn acres this season after rains,cold and the current market and future's market for corn. Said they're going to be closer to 30/70 this year. They claim the "bumper crop" will be all of the corn that the rest of the nation is socking into the ground :-( |
Posted By: Tbone95
Date Posted: 16 May 2020 at 7:38pm
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The farmer will never gain control. The potential advantage is there, but you’re talking thousands of independent operations with their own motivations. Get a group together, reach an agreement, and you don’t know who had their fingers crossed behind their back. Classic prisoner”s remorse game. Figures...I’m bean heavy this year. |
Posted By: Kansas99
Date Posted: 16 May 2020 at 8:04pm
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Well I can’t lie. I’m planting beans this year and it’s the first time in 10 years. I deal with ph of 8+ and gave them up after the seed companies quit the last variety that grew n my soil but now they got me talked into using some Nutrein (CPS) snake oil called Rebar and a bumper crop is nothing short of a sure thing. So yes I would expect that when my 100 acres of beans hit the bins I will totally saturate the market and drive the price to near nothing. Sorry guys but you can blame the price on me. Oh I should add that I fallow 1/3 of my acres every year so doing my part to save moisture, oops .....I mean reduce production. So u guys back East where it rains more should join in and fallow 1/3 of your acres, then we’ll have them by the short n curlys. ------------- "Thank you for your service Joe & the Ho"-----Joseph Stalin |
Posted By: festus51
Date Posted: 16 May 2020 at 10:17pm
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HA HA Kansas99 I just off set you. I planted corn this year first time in 6 years. I just had to rotate some land that had been in beans for 5 years. ------------- We the unwilling Led by the unqualified Doing the impossible for the Ungrateful |
Posted By: chaskaduo
Date Posted: 17 May 2020 at 9:59am
I'm planting fish, much funner. I'm type II so low carb for me. ------------- 1938 B, 79 Dynamark 11/36 6spd, 95 Weed-Eater 16hp, 2010 Bolens 14hp |
Posted By: Kansas99
Date Posted: 18 May 2020 at 9:53pm
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China/Trade Reuters reported that China’s Commerce Ministry has instructed both state-owned and private importers to increase inventories of soybeans, soybean oil, and corn in case a second coronavirus wave disrupts global supply lines. The virus is surging in Brazil, so China may be concerned about ports remaining open there. Also, China has put their province of Jilin, with a population of 108 million, back under lock-down after a new outbreak near the Russian border. So perhaps they are also concerned about the possibility of a second wave in China shutting down ports and interrupting imports. China has placed anti-dumping and anti-subsidy duties on Australian barley imports, claiming damage to its domestic producers, although the real reasons include Australia’s call for an investigation of China’s COVID-19 response, and Australia’s banning of Huawei equipment in its developing 5G broadband network. China has been Australia’s largest export customer for barley, accounting for more than half of its overseas sales. Last month China threatened a boycott of Australian beef, wine, universities, and tourism, and suspended beef imports from four Australian processing plants. ------------- "Thank you for your service Joe & the Ho"-----Joseph Stalin |
Posted By: jaybmiller
Date Posted: 19 May 2020 at 6:07am
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re: It is getting bad no matter what I plant, just not much hope of making any money. Not much enthusiasm for farming anymore. It's too bad ALL farmers couldn't just farm old skool..subsistance ? farming, where you grew/raised enough to feed themselves and pay off taxes, etc. Instead of 1000 acres of beans or corn , just 50-100 acres of quality food for themselves and excess to barter for other stuff. yeah, I got rose colored glasses on... it's always upset me that farmers work HARD but get paid lousy. It'd be interesting if several million acres went fallow and farmers lined up for all the 'free cheese'.... ------------- 3 D-14s,A-C forklift, B-112 Kubota BX23S lil' TOOT( The Other Orange Tractor) Never burn your bridges, unless you can walk on water |
Posted By: DMiller
Date Posted: 19 May 2020 at 6:52am
Would be just like Russia is!! So many are caught up in the debt cycle as that became the norm, plant Big, harvest reasonable but sell low, loans to plant almost not enough to repay as harvest so more loans to survive. Sad but true. To stop now would be economic chaos for lending institutions that would ripple out or 'Trickle Down' into the general population. One of the main reasons of Crop price controls so that farms remain productive/producing as they are. |
jaybmiller wrote: