Hunt Chat  

Go Back   Hunt Chat > All Things HC > Wings and Things

Reply
 
Thread Tools Display Modes
  #1  
Old 04-11-2008, 10:00 AM
M.T. Pockets's Avatar
M.T. Pockets M.T. Pockets is offline
Registered User
 
Join Date: May 2002
Location: Minnesota
Posts: 1,209
I agree with Nulle on this one. I live in MN about 30 miles East of the SD border, right on the edge of CRP.

When a lot of these fields were put in CRP the going cash rent for farmland was about $70, CRP paid about the same for marginal land so the land went in. Now this same land can bring about $200 an acre for cash rent, don't think for a minute that the landowner won't try to take it out and farm it again. Plus new seed technology makes it possible to raise a good corn crop on land that couldn't before.

Two years ago corn was selling for around $2 a bushell. Today the local price is $5.67 a bushell. Much of this is ethanol related, but a lot also has to do with increased exports to developing countries like China that can now afford it, and the low US $$ makes it easier for them to afford.

Who knows what the long term future will bring, but for the next couple years I know that most CRP that can come out probably will.
__________________
"Watch your top knot."
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:44 AM.


Powered by vBulletin® Version
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.