$2 Soybean Basis | Live from Big Iron Farm Show
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<p>Tom Grisafi and Don Wick provide an on-the-ground report from the Big Iron Farm Show, addressing challenging market conditions for farmers while highlighting resources and upcoming speakers at the event.<br><br>• Basis levels are "pretty ugly" in the region with a negative $2 basis making even optimistic price projections like $12 beans insufficient for profitability<br>• Input costs remain stubbornly high despite commodity price decreases, creating a profit squeeze for producers<br>• Approximately 100 million bushels of grain storage was lost in North Dakota due to a derecho wind event, complicating harvest decisions<br>• Land values are holding steady despite market challenges, described as experiencing a "soft landing" rather than a crash<br>• Young farmers face particular challenges entering agriculture, raising concerns about potentially losing another generation from the industry<br>• The show features panels on weather, tax planning, market outlook, and special appearances including FSA Administrator Bill Beam<br>• Despite current hardships, farmers maintain generational optimism with a long-term perspective that helps weather difficult periods<br><br>Check out all our forum recordings on the Red River Farm Network YouTube channel at RRFN.com, where you can also sign up for our weekly Farm Net News newsletter.<br><br><br></p>
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<p>Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits. </p>
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