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Started By
Message
OB Farmers
Posted on 2/26/19 at 10:02 am
Posted on 2/26/19 at 10:02 am
Talked to our farmer this morning, said he was planning a moderate amount of cotton and rice 
Our farm has never had rice in the hundred years we have owned it. At one time, all we grew was cotton but low prices caused the switch to corn. How are those growing cotton making out and what are the markets looking like for the biz in 2019?
No brag, ain't no money in being a landlord/owner.
Our farm has never had rice in the hundred years we have owned it. At one time, all we grew was cotton but low prices caused the switch to corn. How are those growing cotton making out and what are the markets looking like for the biz in 2019? No brag, ain't no money in being a landlord/owner.
17
Posted on 2/26/19 at 10:03 am to KemoSabe65
quote:
No brag, ain't no money in being a landlord/owner.
IF there was no money in it you would have sold already. This post was edited on 2/26/19 at 10:04 am
Posted on 2/26/19 at 10:04 am to KemoSabe65
Seeing lots of people starting to plant rice in old cotton fields. The precision leveling is a game changer no longer requiring leveed ponds to grow rice
Posted on 2/26/19 at 10:05 am to KemoSabe65
Not sure on cotton futures this year, but has he or y’all done the dirt work to plant rice?
Posted on 2/26/19 at 10:05 am to KemoSabe65
I believe I just saw yesterday where either LSU AgCenter or LA Farm Bureau had an article about cotton acres likely INCREASING this year, at the expense of corn and soybean acres most likely.
Figure that means they don't want to fool with beans, or cotton prices are going to be good.
Figure that means they don't want to fool with beans, or cotton prices are going to be good.
This post was edited on 2/26/19 at 10:07 am
Posted on 2/26/19 at 10:06 am to CarRamrod
You MIGHT break even after about 50 years if you own land that rice is grown on.
I have no idea why land would be being put new into rice right now
I have no idea why land would be being put new into rice right now
Posted on 2/26/19 at 10:06 am to KemoSabe65
quote:
No brag, ain't no money in being a landlord/owner's nephew.
Posted on 2/26/19 at 10:08 am to jimjackandjose
quote:
The precision leveling is a game changer no longer requiring leveed ponds to grow rice
You're going to have to explain this one, because I work with a lot of rice farmers, and I've yet to see one with a land leveled field that isn't leveed.
I assume you mean they don't need as many internal levees.
Posted on 2/26/19 at 10:11 am to KemoSabe65
Lots of farmers around here aren't going to have any choice but to scrap their plans to plant corn if it doesn't quit raining and dry up soon.
We're forecasting a big uptick in cotton acres, but most people will plant late soybeans and pray they can get them out in time with low damage, unlike last year.
We're forecasting a big uptick in cotton acres, but most people will plant late soybeans and pray they can get them out in time with low damage, unlike last year.
Posted on 2/26/19 at 10:15 am to CarRamrod
Actually, if i could get appraised value it would be sold. It's returning a bit over 2% before expenses and i could get an easy 6%-7% return in the market safely.
It's been precision leveled and irrigated.
It's been precision leveled and irrigated.
Posted on 2/26/19 at 10:23 am to KemoSabe65
How much experience does your lessee have with rice? It’s a completely different ballgame.
Posted on 2/26/19 at 10:25 am to Cowboyfan89
Rice farmers are hedging on Trump Chinese rice deal. It was brought up at a meeting in Crowley just this weekend. Under the table discussion is also a bigger deal with North Korea by late Spring. We shall see.
Posted on 2/26/19 at 10:25 am to DownSouthJukin
He has planted it before and our ac isn't going to be large since most of our ground isn't conducive for rice. Think sandy loam instead of stiff buckshot.
Posted on 2/26/19 at 10:27 am to Boat Motor Bandit
China is a net rice exporter right now. I’m not getting hopes up for China buying US rice
Posted on 2/26/19 at 11:03 am to KemoSabe65
quote:what's appraised value? wher is it? how many acres?
Actually, if i could get appraised value it would be sold. It's returning a bit over 2% before expenses and i could get an easy 6%-7% return in the market safely. It's been precision leveled and irrigated.
And just hold it - prices will come back in about 25+/- yrs.
Posted on 2/26/19 at 11:10 am to Clyde Tipton
I bet you nailed it
Posted on 2/26/19 at 11:18 am to KemoSabe65
I bet he's going to plant row rice and furrow irrigate. Is your farm in the delta?
This post was edited on 2/26/19 at 12:40 pm
Posted on 2/26/19 at 11:18 am to KemoSabe65
Cotton is the only crop you can grow and make money as it stands right now
Posted on 2/26/19 at 11:28 am to redfieldk717
I’m not terribly educated in the rowcrop industry. If that’s the case, how are all the farmers driving $250k tractors and $60k trucks?
Posted on 2/26/19 at 11:29 am to redfieldk717
Sadly that's about right. I am planting cotton and peanuts but with the new tariffs on China they have quit buying beans, not altogether but enough to make a surplus supply here. I really think i would be better off to fence everything, put it in pasture, and just run cows.
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