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So, If gas hits 5 a gal this summer...
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<blockquote data-quote="db-2" data-source="post: 340291" data-attributes="member: 4743"><p>Over the years i have found when the price of grain is going up the sky is the limit and the farmer bins his crop.</p><p>Finally it starts going down and then he kicks his ass as he needs the bin room or the banker says sell. It has gone down sometimes as fast as it went up.</p><p></p><p>Back in 1973 when dad grew durum and it was up to 7/8 dollars a bushel did he sell? Only enough to pay the spring elevator bill. Then built another bin or two. Security for him was grain in the bin, not cash in the bank. He grew up un the 30s and always said as long as we got the seed back for next year we will be fine. Hard to get a loan back then even for seed. But he also said they survive while the bank did not.</p><p></p><p>But yes, someone is reaping the benefits of these oil prices and Short it is not me either. db</p></blockquote><p></p>
[QUOTE="db-2, post: 340291, member: 4743"] Over the years i have found when the price of grain is going up the sky is the limit and the farmer bins his crop. Finally it starts going down and then he kicks his ass as he needs the bin room or the banker says sell. It has gone down sometimes as fast as it went up. Back in 1973 when dad grew durum and it was up to 7/8 dollars a bushel did he sell? Only enough to pay the spring elevator bill. Then built another bin or two. Security for him was grain in the bin, not cash in the bank. He grew up un the 30s and always said as long as we got the seed back for next year we will be fine. Hard to get a loan back then even for seed. But he also said they survive while the bank did not. But yes, someone is reaping the benefits of these oil prices and Short it is not me either. db [/QUOTE]
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