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Strategies & Market Trends : Value Investing

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Elroy
Lee Lichterman III
pak73
To: Elroy who wrote (69279)12/14/2021 7:49:08 AM
From: robert b furman3 Recommendations  Read Replies (1) of 78464
 
Hi Elroy,

CNBC interviewed a California farmer last night. He said last year a ton of fertilizer cost 220.00, his ost recent purchase was priced over 800. 00 per ton.

Last year's Corn crop was estimated to be low due to drought, but came in higher as late rains came.

Levels in inventory are quite low post harvest.

The USAG estimate of the 2022 corn crop is high. Any drought conditions will be reducing the harvest and result in much higher prices as the storage levels starting the year a very low.

I read where the coffee crop got hit by frost this year.

Farmers here in Wisconsin had a great crop. Although it is always delayed, close proximity to Lake Michigan gave us the steady rains needed for optimal growth. That with a dryer spring got seeds into the ground early - key for our growing season in Wisconsin.

Bob
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