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Re: Looks like a bad year for soybean farmers [Re: Old_Toot] #14990006 06/22/20
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Originally Posted by Old_Toot
Originally Posted by Bristoe
The linked article says that China is buying beans from South America.

Who did South America sell their soybeans too before China started buying them? It seems to me that that market would still be available to someone.


South America rotates their crops like we do.


Not necessarily true in the Mata Gossa area of Brazil.

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Re: Looks like a bad year for soybean farmers [Re: SamOlson] #14990011 06/22/20
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Originally Posted by SamOlson
Thought I read a year or two ago where South America has increased soybean production by a fair amount.

Isn't that why they are/were burning and clearing a bunch of forest land?


There is an increased supply if I'm not mistaken.


Belize and Brazil have always been big producers, getting bigger annually. Their yields typically don’t match ours particularly in the Mississippi Delta regions east and west of the river.

Populations have also increased, Sam.


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Re: Looks like a bad year for soybean farmers [Re: lostleader] #14990013 06/22/20
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Originally Posted by lostleader
Originally Posted by Old_Toot
Originally Posted by Bristoe
The linked article says that China is buying beans from South America.

Who did South America sell their soybeans too before China started buying them? It seems to me that that market would still be available to someone.


South America rotates their crops like we do.


Not necessarily true in the Mata Gossa area of Brazil.


South America is rather large.


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Re: Looks like a bad year for soybean farmers [Re: Old_Toot] #14990054 06/22/20
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Originally Posted by Old_Toot


Populations have also increased, Sam.




But at the same time I think it's fair to say that production has out-paced demand.

We are selling wheat for about the same price as my grandpa and father got 40 years ago.

Beef production is also much more 'efficient' than it was 20 years ago.

You might have similar acreage in crop or similar numbers of cattle but the yield has greatly increased.

Producing ourselves right out of a job....grin

Re: Looks like a bad year for soybean farmers [Re: KyWindageII] #14990083 06/22/20
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Originally Posted by KyWindageII
Why isn’t this agricultural Socialism if the Government bails them out?
It is. Agriculture in the U.S. is basically a ward of the state.


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Re: Looks like a bad year for soybean farmers [Re: SamOlson] #14990087 06/22/20
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Originally Posted by SamOlson
Originally Posted by Old_Toot


Populations have also increased, Sam.




But at the same time I think it's fair to say that production has out-paced demand.

We are selling wheat for about the same price as my grandpa and father got 40 years ago.

Beef production is also much more 'efficient' than it was 20 years ago.

You might have similar acreage in crop or similar numbers of cattle but the yield has greatly increased.

Producing ourselves right out of a job....grin


Yessir. That sure enough does happen.

In our part of the world for livestock, the restoration of natural grasslands is gaining in popularity and in reality.


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Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14990096 06/22/20
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They spray pig chit on fields around here, maybe early on.
Last week or so I aint smelled any driving through the country.

Corn really taking off

Beans all around my deer spot. Gonna be a chitty bow season

Last edited by hookeye; 06/22/20.
Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14990099 06/22/20
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Some bean fields just visible. Others popped through a while back. Dunno why some fields so late. Corn was all in at same time

Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14990100 06/22/20
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Not to worry, we're still making more consumers.

"We are selling wheat for about the same price as my grandpa "

And how did grandpa get to town? wink = just teasing


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Which explains a lot.
Re: Looks like a bad year for soybean farmers [Re: Bristoe] #14990101 06/22/20
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Some bean fields just visible. Others popped through a while back. Dunno why some fields so late. Corn was all in at same time

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Re: Looks like a bad year for soybean farmers [Re: Old_Toot] #14990117 06/22/20
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Originally Posted by Old_Toot
Originally Posted by Bristoe
The guy who owns the farm that adjoins my place has been alternating between soybeans and corn every year since I've been here. Corn was last year. He's planted beans this year.


Beans are good for the soil.



How sure are you about that?

They do add nitrogen.
They also need a lot of other nutrients to do well.
Not just P and K either. But a list of macro and micro nutrients.
People think of nitrogen as the thing plants need.
It just one of many, and some others are required for the plants to be able
to use the available nitrogen.


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Re: Looks like a bad year for soybean farmers [Re: hookeye] #14990121 06/22/20
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Originally Posted by hookeye
Some bean fields just visible. Others popped through a while back. Dunno why some fields so late. Corn was all in at same time


Beans in our area are approximately knee high. Planting three rows per 36” wide single row


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Re: Looks like a bad year for soybean farmers [Re: Dillonbuck] #14990127 06/22/20
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Originally Posted by Dillonbuck
Originally Posted by Old_Toot
Originally Posted by Bristoe
The guy who owns the farm that adjoins my place has been alternating between soybeans and corn every year since I've been here. Corn was last year. He's planted beans this year.


Beans are good for the soil.



How sure are you about that?

They do add nitrogen.
They also need a lot of other nutrients to do well.
Not just P and K either. But a list of macro and micro nutrients.
People think of nitrogen as the thing plants need.
It just one of many, and some others are required for the plants to be able
to use the available nitrogen.


They tend to lessen the need for more nitrogen when double cropping beans followed by winter wheat.

I doubt you do little double cropping up in Pa. But I could be wrong.


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Re: Looks like a bad year for soybean farmers [Re: SamOlson] #14990171 06/22/20
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You are getting to good at your job Sam.

Same with Cotton.

Re: Looks like a bad year for soybean farmers [Re: plainsman456] #14990230 06/22/20
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Plains, trust me, I'm not much of a farmer but all the big guys around here try to max it out every year.


And why not.



But money aside, I'd personally be fine with seeding our small amount of wheat acres back into grass.

Re: Looks like a bad year for soybean farmers [Re: Old_Toot] #14990287 06/22/20
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Originally Posted by Old_Toot
Originally Posted by Dillonbuck
Originally Posted by Old_Toot
Originally Posted by Bristoe
The guy who owns the farm that adjoins my place has been alternating between soybeans and corn every year since I've been here. Corn was last year. He's planted beans this year.


Beans are good for the soil.



How sure are you about that?

They do add nitrogen.
They also need a lot of other nutrients to do well.
Not just P and K either. But a list of macro and micro nutrients.
People think of nitrogen as the thing plants need.
It just one of many, and some others are required for the plants to be able
to use the available nitrogen.


They tend to lessen the need for more nitrogen when double cropping beans followed by winter wheat.

I doubt you do little double cropping up in Pa. But I could be wrong.


There's a fair amount of double crop beans planted after wheat and barley harvest in the southeastern part of the state. Say south and east of State College. But the beans come off late enough in the fall that it's often hard to get seeded back to wheat in time. So they wait until the following spring and plant corn. The N from the beans is still there for the corn. The big problem is that soybean residue breaks down easily and doesn't provide any residue cover over winter. Soil erosion can be pretty bad in bean stubble.

Dale


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Re: Looks like a bad year for soybean farmers [Re: Happy_Camper] #14990292 06/22/20
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Originally Posted by Happy_Camper
Originally Posted by Bristoe
The good news is, the government is going to bail the soybean farmers out.

https://www.zerohedge.com/commoditi...armers-disappointed-china-goes-elsewhere

Do you grow soy?

It ain't good news for the taxpayers. Sink or swim.

Re: Looks like a bad year for soybean farmers [Re: SamOlson] #14990311 06/22/20
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Originally Posted by SamOlson
Plains, trust me, I'm not much of a farmer but all the big guys around here try to max it out every year.


And why not.



But money aside, I'd personally be fine with seeding our small amount of wheat acres back into grass.



We are going to put a 1000 into grass the next few years.


Might not make big money with cattle....but you lose money at a slower rate than with wheat.

Re: Looks like a bad year for soybean farmers [Re: Jim_Conrad] #14990330 06/22/20
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Originally Posted by Jim_Conrad
We are going to put a 1000 into grass the next few years.


Might not make big money with cattle....but you lose money at a slower rate than with wheat.




Cuzzin', you know as soon as we do it there will be $10 wheat...



But yeah, nice section or two of grass flowin' in the breeze with little or no yearly input costs.....

I'm not obsessed with money so whatever, break even on cows and hope the wife doesn't lose her job.........grin



#no bills, no worry

Re: Looks like a bad year for soybean farmers [Re: Old_Toot] #14990333 06/22/20
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Originally Posted by Old_Toot
Originally Posted by Orion2000
China has NEVER been known to go back on their word, or manipulate the markets. Have they? ... <sarcasm> <eye roll>


They started in earnest back in the 1990s.

Some would even call them Ruthless Capitalist.


Ruthless for sure and capitalists because they make being ruthless a science. It's their way of manipulating the markets. Old Toot has already talked about manipulating the markets (selling short and cashing in so they can buy more beans with someone else's money).

kwg


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