Stocker Steve
Well-known member
I did a lot searching on cycles. Some confident articles were written in the 90s - - then BSE and drought and global trade policies and computerized trading seemed to confuse the situation. My conclusion is that there still is a cycle but the world and our place in it has changed. Obviously the hobby guys don't expect to make a profit so economics are not a factor for them.
I spoke with a (commodity producing) business man I respect. He said the lawyers are getting rich off of bankruptcies, sales, and mergers. He expected low prices would last for years - - till some of the less liquid producers went out of business. The ironic thing is bankruptcy usually writes down liability and over head to allow higher cost producers to keep going.
Do you see any producers shedding OH in your area?
Do you see any empty pastures or feed lots in your area?
I spoke with a (commodity producing) business man I respect. He said the lawyers are getting rich off of bankruptcies, sales, and mergers. He expected low prices would last for years - - till some of the less liquid producers went out of business. The ironic thing is bankruptcy usually writes down liability and over head to allow higher cost producers to keep going.
Do you see any producers shedding OH in your area?
Do you see any empty pastures or feed lots in your area?