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Strategies & Market Trends : Value Investing

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To: robert b furman who wrote (69324)	12/14/2021 8:17:13 AM
From: Lee Lichterman III	2 Recommendations of 78476

I was watching the Ag report as usual and the farmers they were interviewing along with the "experts" all said what I was saying a few weeks ago. Most are planning on not growing corn next year due to high fertilizer prices. They are going to grow beans or wheat here in the Midwest or else beets or whatever other crops are possible in northern regions that don't need as much fertilizer. We'll see if they do as they say or not. Of course if less grow corn, price will go up for those that do and help offset higher input costs. As for me, if fertilizer prices stay high, I won't hay next year. I'll just mow it down and let it breakdown and recycle the nutrients. People seem to think farmers HAVE to grow corn or alternate crops. They have to NOT grow corn every once in a while to let the soil catch up because corn depletes nitrogen so much but they don't have to grow it. It's actually better if they don't. Legumes like beans, peas etc build up soil so growing beans 2-3 years in a row just improves the fields. I put clover and plan on adding field peas in my hay fields. They self fertilize and the deer love them. Turkey, pheasant and quail like the peas too.

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