@ISU145@SecRollins The employees at the USDA absolutely hate the Trump administration & will do whatever possible to make them look bad. They are not interested in reliable data. Only keeping their government jobs.
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I'm seeing some experts on here saying "farmers had an opportunity and they failed to hedge their corn". I'm a huge advocate for hedging on here, but it is far from cut and dry until you have hindsight, like the experts have now.
Let's look at this closer: According https://t.co/QypZufEoK0 N. Ill Farmers breakeven using 230 bpa was between $4.73 and $5.02. Did the farmer really have an opportunity to hedge at a profit. Look at the 12 mo. Dec. 25' corn chart. The farmer had 12 days in the dead of winter to maybe breakeven with an outstanding yield and 0 basis; finding 0 basis will be hard. It's hard for a farmer to lock in a loss 2-3 mo. prior to even putting a seed in the ground? I'm not sure you all should be blaming the farmer for being a poor marketer this year. Stop saying the farmer had an opportunity when the facts don't support that statement. Would the farmer have limited his potential losses if he hedged, yep IN HINDSIGHT, but it is psychologically difficult to lock in a loss with the entire growing season ahead.
@ScottIrwinUI USDA misses all the time without any repercussions. They just adjust whenever they want. The whole agency needs revamped. Only the farmer gets hurt.
Trump signing an executive order banning men from competing in women’s sports on national women in sports day is going to explode the brains of the woke @espn employees. Remember they named Lia Thomas one of their women’s athletes of the year! Will @espn cover it at all?