Is the price correct? – AgriNews

Well, first of all, I apologize for missing the deadline for last week’s article. We’ve been working like crazy trying to take every possible window out before the bad weather sets in. We try not to work on Sundays, but this year has been a different story. We had a decent little window of time, so we hammered the corn and grown all but 80 acres of our double crops. I had a 2 acre strip at home which I planted on the same day as our remaining 80 acres on July 28th. We harvested this strip with the remaining beans around and the strip was 18% and the rest were 11%, so we knew we would leave this field for the last.

The bean yields were very high as we grew some of the best beans we have ever had. I have to give our nemesis Mother Nature a lot of credit for the rains we’ve had all year, but the strong genetics and treatment package from Merschman Seeds have been a big part of our success as well. Our plot was really solid, showing some big numbers that shocked us. Even the double crops we planted later than normal were excellent, which surprised us given what they went through. Overall, it has been a great year for soybeans.

The corn is complete with all our bins full to the gills and not badly transported into town. I heaved a big sigh of relief as we finally finished the last corn pass as the rain fell. The corn performance was really good and we had a few new hybrids that really shone this year. We have strong agronomic traits in our range and the yield has once again been impressive this year proving just how good LG Seeds genetics really are. We plan to finish this week on the double crop field although we have to dry them now that all the corn is dry and in the bins we will not have to clean again to make this last field. The rain and snow showers have shifted, so time is of the essence to complete this last bit.

The last report absolutely shocked me. I thought with all the gossip I had heard and read about it that the United States Department of Agriculture would increase the yield by at least a bushel again, but to my dismay they lowered it d ‘half a bushel. Relaunch the green on the board and ask how long this will continue. It’s so hard to come up with a good marketing plan for the priceless bushels and really gets you thinking about the prices for next year. All I know is it’s a crazy time and prices are still high. It’s hard not to take advantage of it before the train leaves the station. I just wish I had this crystal ball to watch and see what to do about the price of grain for the next harvest season.

Yes, seed orders have started to arrive again for 2022. The thing that I see the most that is going to be difficult is the uncertainty in the market and the prices of inputs. Guys usually stick to a 50/50 rotation or close to it. But with record nitrogen prices, I might see more acres of beans for next year. That being said, if we intend to plant a record bean crop, corn will surely rally to try to make strong sales to lock in acres to cover needs. I think where the guys have good acres to plant corn on, they have to focus on planting those acres in corn, even if that means corn on top of corn. I just have a feeling that marginal acres that have a good chance of not producing above actual production history will be a safer game for planting beans. I don’t think input prices are going down anytime soon and shortages will keep prices high and for the highest bidder.

The only variable I’m telling guys now is you can lock in the price of your seed and buy something that you can actually achieve if you feel more secure that you have it in your possession. I have spoken to several guys across great geography who say that even if they pay upfront for chemicals, fertilizers and so on, they now have no guarantee that they will be able to get it or even having it in the spring. That, my friends, is scary. I think money is king for next year and we may have to pay as we go along with some things and we may not have the luxury to assess as we normally can . If you have the opportunity to do your seed purchases before January, I would, and make plans with your seed advisor to quickly switch acres if needed to corn or beans depending on input shortages and price as we move into 2022.

Please do not hesitate to contact us if you would like to discuss seed plans for your farm. We would be happy to give you options and opinions on what is going on in our part of the industry. I hope everyone can finish before we face even more bad weather and be aware of what is going on. I think smart strategies will play an even bigger role until 2022. We could be in a new frontier as far as we can and can’t do this should keep us all on our toes for 2022. Good luck and hope. keep everyone safe.