04/06/2022
From Sami's Market Chat ....
East central Kansas - We've received enough rain in our area to get us started and when it dries out we'll be running. We picked up some land from our neighbors who retired after last year and we really appreciate how the deal was done and look forward to repaying the favor down the road. We'll be running normal rotations with a little extra on the bean side due to the new acres. Haven't heard much from folks around here in regards to switching acres but one of our seed salesman said it was a good year for bean sales. We'll be doing some side by sides with a few different biological products and hope to find something that can deliver on cutting back on inputs going forward. I have a friend out west who's farther along with the products and says he's now below a pound an acre on his N as well as cutting back on P & K. Lots of claims being made so we'll soon see.
Northeast Indiana - Things are on the wet side here and rain is scheduled to remain around the area all week, so it will be a bit before we can get out there. We're doing some new things this year with some companies and are looking forward to getting started soon. We have taken off about 20% of our new crop risk so far for both corn and beans. Might have started a bit early but they're all profitable sales. I've heard of some folks who are rolling the dice or just don't need the money I guess. A buddy of mine told me about a neighbor still sitting on a ton of beans and hasn't pulled any triggers yet. My thought is that it's always easier to deal with a few early sales on the way up instead of missing things on the way down when you're mad about the change of direction, but to each their own. I tried to pick up some rental acres this fall and even bid over the asking price but never got a callback. Prices can change around here depending on what side of the river you're on but prices are definitely on the high side now.
Southwest Michigan - I have clients who farm but they are all sitting around the shop these days as we are in a cold and wet pattern lately. Even after it dries out the ground will need some time to warm up. I do recall that last season at this time folks were running beans already. There is a lot of seed corn planted up this way and I know guys like to get their commercial stuff in early, but looks like that's not happening this year. We are seeing more of a trend to get beans in early and everyone I talk to says it definitely has worked for them. Just need to avoid that potential late freeze and yields seem to take off. It sounds like everyone has purchased their inputs at this point, and the big question is will the chemicals arrive when needed or if at all. Lots of promised deliveries are being made, so we'll see. I'd like to have seen more sales made to this point as even with the high input costs it still pencils out to a profit. It'll be painful for those who get caught on the short side of sales should crops prices come down for any reason and inputs don't. We're seeing land that sold for $8K last season go for between $12K and $13K.
