It's the moment for which farmers wait from the end of last season. Harvest has begun and now the questions about crop yields given the drought will soon be answered. Two BTOs (Big Time Operators) have begun combining (harvesting) their soybeans. The initial report is hopeful with yields of over 40 bushels per acre....60 is considered an excellent crop here. With that yield and a good price, $12.64 per bushel at the Volga Soybean Processing Plant, farmers should make a profit. Many trucks are lined up to empty at the soybean plant, which, I'd guess, is from farmers emptying bins prior to harvest. The presence of the soybean plant, which crushes the beans for oil, raises the price local farmers receive several cents a bushel. Without the local plant farmers would be at a competitive disadvantage because of shipping costs to other markets. If you sell 100,000 bushels of beans and gain 10 cents a bushel...you do the math.
Takk for alt,
Al
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