Wheat Technicals Breaking on USDA

[errolanderson]

fjlip . . . can tell by your questions that you get it.

We are all in debt, but we all have to tread carefully here. Bullish mentality that farming is somehow immune to this crisis is a recipe for disaster in any operation.

Cash rents are at ridoulous levels. Fertilizer costs are ridicoulous. Farmland prices are in a bubble. This will all change over times are markets run in cycles.

Whenever an industry thinks they are bulletproof . . they aren't.

Just ask cattle feeders. That industry was bulletproof just 18 months ago . . . .

Errol

[SASKFARMER3]

Errol I never agree ith you but yes you might be
right, when you think your better than the rest
your days are numbered.
Rent
Land
Inputs
Are all out to lunch.
New problem pull some of these mega land deals
some of our banks are the backers on stupid
deals out their.

[boarderbloke]

wd9, nice point! So either it's a quadrillion or a billiard? I think the North American terms will win out.

<a href="http://en.wikipedia.org/wiki/Long_and_short_scales"target=blank>Long and Short Scales</a>

[ColevilleH2S]

I learned my "new thing of the day," from this thread.

I have never heard of the long scale before. Didn't know what the hell wd9 was going on about until I read boarderbloke's wiki link.

Thanks =:-)

[wd9]

Its an inconceivable amount of money
either way!