|
PureBytes Links
Trading Reference Links
|
<x-html><!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>
<body bgcolor="#FFFFFF">
>From an Australian perspective the US drives us nut with your subsidies
to the farm producer. You guys should try and find out how much as taxpayers
you are paying for the inefficient farmers. At the same time if any other
country tries some protection the get beaten to death with a big US stick.
<p>In the same breath you will complain about European subsidies
<p>The latest joke is the lamb meat lobby wants a hugh tariff (I think
something like 200%) to protect the poor US producer because Aust &
NZ meat kills them. It doesn't matter that lamb wasn't produces in the
US to eat because they got a good subsidy for wool. Now that has cut out
they find no one will it their fatty meat that tastes like s..t. So the
US tax payer pays the inefficient producer and marketer to continue to
produce a product that no one will eat. Sounds smart to me.
<p>Ira wrote:
<blockquote TYPE=CITE>Your buying them with your tax dollars. Ira.
<p>Dennis Conn wrote:
<blockquote TYPE=CITE> <font size=-1><font color="#000000">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)?</font>2) whatever happened to the concept of crop rotation?</font>
<font color="#000000"><font size=-1>Dennis C.</font></font></blockquote>
</blockquote>
</body>
</html>
</x-html>From ???@??? Mon Mar 01 13:02:15 1999
Received: from list.listserver.com (198.68.191.15)
by mail02.rapidsite.net (RS ver 1.0.2) with SMTP id 7962
for <neal@xxxxxxxxxxxxx>; Mon, 1 Mar 1999 16:02:12 -0500 (EST)
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id MAA18875;
Mon, 1 Mar 1999 12:57:15 -0800 (PST)
Received: from otis.our-town.com (otis.our-town.com [206.64.104.1])
by accessone.com (8.8.5/8.8.5/PIH) with ESMTP id MAA18646
for <realtraders@xxxxxxxxxxxxxx>; Mon, 1 Mar 1999 12:54:23 -0800 (PST)
Received: from bill.htcomp.net (2n.our-town.com [206.64.104.125]) by otis.our-town.com (8.8.8/SCO5) with SMTP id OAA09414 for <realtraders@xxxxxxxxxxxxxx>; Mon, 1 Mar 1999 14:53:47 -0600 (CST)
Message-Id: <003c01be6425$a98cd820$7d6840ce@xxxxxxxxxxxxxxx>
Date: Mon, 1 Mar 1999 14:54:12 -0600
Reply-To: "bshumake" <bshumake@xxxxxxxxxxxx>
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "bshumake" <bshumake@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Beans etc
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0039_01BE63F3.5E42EE40"
X-To: "RealTraders" <realtraders@xxxxxxxxxxxxxx>
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.2106.4
X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
X-Loop-Detect: 1
X-UIDL: 194a396feefbdce4e93f6ed311c21ca2.01
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.2106.6"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000>Why don't farmers hedge? Good questions !
In fairness, I suppose some do, but I've never known one who did. Many
years ago used to be a futures broker in the Texas Panhandle where a lot of
cotton is grown. I would always try to get clients to hedge their crop,
especially when prices were good or were dropping....They would never do
it. The reason that was <STRONG>always </STRONG>given was that " they
felt like it would be betting against themselves", utter lunacy
! So as a result of this thinking, I always had clients that had
acres of cotton in the fields and be <STRONG>long </STRONG>cotton futures at the
same time....it made no sense then and still doesn't...but I assure you this
type of thinking is wide spread in the farming community.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>Baffled....</FONT></DIV>
<DIV><FONT color=#000000>Bill Shumake</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Mar 01 15:17:14 1999
Received: from list.listserver.com (198.68.191.15)
by mail02.rapidsite.net (RS ver 1.0.2) with SMTP id 13602
for <neal@xxxxxxxxxxxxx>; Mon, 1 Mar 1999 16:19:11 -0500 (EST)
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id NAA20650;
Mon, 1 Mar 1999 13:13:52 -0800 (PST)
Received: from cypher.turbonet.com (cypher.turbonet.com [204.188.48.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id NAA20389
for <realtraders@xxxxxxxxxxxxxx>; Mon, 1 Mar 1999 13:11:00 -0800 (PST)
Received: from [204.188.49.142] by cypher.turbonet.com (NTMail 3.03.0018/1.aamz) with ESMTP id ia623228 for <realtraders@xxxxxxxxxxxxxx>; Mon, 1 Mar 1999 13:11:36 -0800
Message-Id: <21113685971486@xxxxxxxxxxxx>
Date: Mon, 1 Mar 1999 13:12:47 -0800
Reply-To: <kernish@xxxxxxxxxxxx>
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: beans, etc.('splain to me Lucy)
MIME-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit
X-To: "RealTraders Discussion Group" <realtraders@xxxxxxxxxxxxxx>
X-MSMail-Priority: Normal
X-Priority: 3
X-Mailer: Microsoft Internet Mail 4.70.1162
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
X-Loop-Detect: 1
X-UIDL: 9e60f6cd8d8526d66626eae74ce99f39.03
Dennis,
Why do insects fly into bug zappers?
I've been doing this for 25 years. I've given seminars with the Michigan
State University Ag Econ Dept., conducted seminars for every bank in
Colorado, did the breakfast "guest speaker" gigs with local ag finance
committees (Idaho and Washington), met with 50 local "marketing groups",
have bunches of 2,000 to 4,000 acre wheat farmers in my book, lecture at
two major universities each semester, .........and my theme is always the
same: "Hedging, risk insurance". The participants always have one
question at the end: "Is it time to buy?"
"Mama told me not to look into the sun...but I said: Mama, that's where the
fun is."
Steve Karnish
CCT
----------
> From: Dennis Conn <dconn@xxxxxxxxx>
> To: kernish@xxxxxxxxxxxx
> Subject: Re: beans, etc.
> Date: Monday, March 01, 1999 12:49 PM
>
> Apart from the observation that they must be complete idiots, why would
they
> double their exposure to the same risk? Why don't they hedge instead? I
must
> be completely out of touch with reality here - can you explain it so it
> makes sense to me?
>
> Dennis
>
> -----Original Message-----
> From: Steve Karnish <kernish@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Monday, March 01, 1999 15:43
> Subject: Re: beans, etc.
>
>
> >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
> >
> >----------
> >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.
> >
|