- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: OB Farmers
Posted on 2/26/19 at 11:32 am to Jack Daniel
Posted on 2/26/19 at 11:32 am to Jack Daniel
quote:OPM, baw.
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?
1
Posted on 2/26/19 at 11:34 am to redfieldk717
quote:
Cotton is the only crop you can grow and make money as it stands right now
We took a drive to Oklahoma near the panhandle a couple of weeks ago and saw a lot of cotton. The landowner said a number of farms are switching to cotton out that way.
Posted on 2/26/19 at 11:45 am to KemoSabe65
How much rent do you charge on irrigated farmland?
Posted on 2/26/19 at 11:48 am to White Bear
They’re farming a lot more acres with less people required. My uncle farms 3000+ acres with 2 employees full times. During harvesting he’ll add a few people but that’s it. Farming is all about precision and timing. No one has time to constantly stop and repair breakdowns continuously.
Posted on 2/26/19 at 11:54 am to Jack Daniel
quote:1. No farmers I know drive $60k trucks unless they have outside income. That or they have no cushion in the bank.
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?
2. Have you seen the price of equipment these days? The corn boom inflated the market greatly. You ether spend money on equipment that is reliables, or fight broken equipment constantly and risk missing weather windows
This post was edited on 2/26/19 at 11:55 am
Posted on 2/26/19 at 11:58 am to jimbeam
quote:
No farmers I know drive $60k trucks unless they have outside income
I know a full time corn/bean farmer in Illinois that has a 2017 gmc 2500 duramax 4x4 and his 17 yr old son drives a his “old” truck which is a 2014 Ford F-250 lariat
I know a full time sugarcane farmer that gets a new duramax 4x4 every other year.
quote:
Have you seen the price of equipment these days? The corn boom inflated the market greatly. You ether spend money on equipment that is reliables
But how do you spend money that you don’t have?
Posted on 2/26/19 at 12:17 pm to KemoSabe65
We are upping our cotton acres significantly. Mostly at the expense of soybean acres. Neither cotton corn nor soybean prices are anything to get excited about. Must make good yields with any of the 3 to make money at current prices.
General consensus in my neighborhood is that cotton and corn will be the big crops planted this spring. That's if the ground ever dries out in time to get the corn planted.
I know little about rice but it seems like the few farmers in my area have been increasing their rice acres using furrow irrigation "row rice" and have been having success. I'm kind of out of the loop when it comes to rice but that's my outside observation.
General consensus in my neighborhood is that cotton and corn will be the big crops planted this spring. That's if the ground ever dries out in time to get the corn planted.
I know little about rice but it seems like the few farmers in my area have been increasing their rice acres using furrow irrigation "row rice" and have been having success. I'm kind of out of the loop when it comes to rice but that's my outside observation.
Posted on 2/26/19 at 12:35 pm to White Bear
$4,500/ac, morehouse parish 1.5 miles west of 165 and half way between Merouge and Bonita.
Hope i can unload it before the end of 2019.
Hope i can unload it before the end of 2019.
This post was edited on 2/26/19 at 12:44 pm
Posted on 2/26/19 at 12:52 pm to bigolecatfish
Knew I'd find you in this thread somewhere! 
Hope all is well
Hope all is well
Posted on 2/26/19 at 1:03 pm to Jack Daniel
Cool. Those 2 examples are not my experience
quote:Where did I say this?
But how do you spend money that you don’t have?
Posted on 2/26/19 at 1:04 pm to KemoSabe65
Unload as in sell? If so just curious, how many acres and at what price?
Posted on 2/26/19 at 1:10 pm to KemoSabe65
I'm in that business and might have an interested party.
Posted on 2/26/19 at 1:21 pm to plazadweller
We don't cash rent, 1/5 is our rent.
Posted on 2/26/19 at 1:45 pm to Jack Daniel
quote:Those trucks are a business expense via bonus depreciation.
I know a full time corn/bean farmer in Illinois that has a 2017 gmc 2500 duramax 4x4 and his 17 yr old son drives a his “old” truck which is a 2014 Ford F-250 lariat I know a full time sugarcane farmer that gets a new duramax 4x4 every other year.
Posted on 2/26/19 at 3:05 pm to KemoSabe65
quote:
rice
bruh, put you a duck blind in every 250 yards and lease that out
profit
Posted on 2/26/19 at 3:15 pm to KemoSabe65
Cotton is tough, very expensive to grow and extremely yield sensitive as it relates to profitability.
They might be planting due to how well it performed last year. At one point it got over 90 cents a pound which was really nice for what the last 5 years have traded. But right now it’s back in the low 70s and will be hard pressed to go over 80 cents, especially with the increasing acres unless we see some sort of crazy trade deal or extreme weather that knocks back the crop in west Texas.
Corn is probably “safer” to plant when you look at a cost to grow/profitability matrix. Soybeans will still command a lot of acres but with the big China negotiations right now it’s seen as risky as a lot of our crop usually is exported to them. Rice I’ve got no clue as I don’t deal with it but I’ve heard from producers that do grow that current prices aren’t very good.
They might be planting due to how well it performed last year. At one point it got over 90 cents a pound which was really nice for what the last 5 years have traded. But right now it’s back in the low 70s and will be hard pressed to go over 80 cents, especially with the increasing acres unless we see some sort of crazy trade deal or extreme weather that knocks back the crop in west Texas.
Corn is probably “safer” to plant when you look at a cost to grow/profitability matrix. Soybeans will still command a lot of acres but with the big China negotiations right now it’s seen as risky as a lot of our crop usually is exported to them. Rice I’ve got no clue as I don’t deal with it but I’ve heard from producers that do grow that current prices aren’t very good.
This post was edited on 2/26/19 at 3:27 pm
Posted on 2/26/19 at 3:24 pm to Jack Daniel
quote:
But how do you spend money that you don’t have?
Have you ever heard of a thing called a loan? Many guys have several lines of credit and if you don’t get them completely paid off due to a bad year, you just roll it into the next year’s note and try again. Do it too much and the bank man might shut you down.
Some farmers are able to afford nicer things with other income. Quite a few here in Texas are lucky enough to not only own some of the land they farm, but the minerals too and have some nice oil income to help out as well.
The comment about having the nice equipment that doesn’t break down is spot on, you basically can’t afford to not have good equipment because if you breakdown dying a harvest or planting window it can totally screw your operation up.
Posted on 2/26/19 at 3:36 pm to KemoSabe65
quote:
morehouse parish 1.5 miles west of 165 and half way between Merouge and Bonita.
Sounds like prime time goose country.
Posted on 2/26/19 at 3:42 pm to Clyde Tipton
Excellent dirt that is 5-10 miles west of the flyway, nets keep them off our farm 
Posted on 2/26/19 at 3:46 pm to KemoSabe65
quote:
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.
That is the biggest problem with farm land. Appraised value is crazy and that is what the landowners expect when they sell. I don't know if recreation land is messing up prices. But, it is impossible to make money as a landlord with these prices.
Page 2 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News