Here we are the first of March is upon us and we are under a winter storm
warning. There is about 4-8” of snow on the ground now with another 3-6”
forecasted, and then 47 and rain on Tuesday. We still have approximately
half of our nitrogen to apply and some field work to do that did not get
completed last fall and it does not look like the weather in March will be very
cooperative. Prices are still in a small range and have not done a whole
lot through the winter. We are still forecasting 2015 to be a break even
or below year unless something changes. Input costs and land costs are not
adjusting like they should which is having a negative effect on all of
agriculture. The biggest hit is probably machinery and equipment
dealers. With good incomes the last few years a lot of farmers have
updated machinery and are now pulling back in these low price years.
Hopefully we will get a rally or raise another big crop, but either way things
do not look to rosy for a while.