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Farmers do use the futures market....to double their exposure to risk.
Typically, they are long in the field and long on the board of trade. It's
been like that forever.
Steve Karnish
CCT
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From: Dennis Conn <dconn@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: beans, etc.
Date: Monday, March 01, 1999 11:45 AM
Ira wrote:
Your buying them with your tax dollars. Ira.
Oh, well then, I feel so much better knowing that! But now I have another
question: why don't farmers use the futures markets to hedge instead of
expecting government subsidies? Isn't that why the futures markets were
created in the first place?
dconn@xxxxxxxxx
Dennis Conn wrote:
With the current thread on why farmers continue to grow beans
instead of corn, two questions come to mind:1)if more soybeans are grown
year after year only to be put into storage, how will farmers hope to break
even (the price of beans can only go down, unless someone comes up with
another use for them)?2) whatever happened to the concept of crop rotation?
Dennis C.
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