Minnesota farmer calls bull market “crazy”
May 4, 2021 By Mark Dorenkamp Filed Under: Crops, Minnesota, News
Farmers are trying to make sense of the bull market.
Southeastern Minnesota corn and soybean grower Ben Storm tells Brownfield it’s crazy.
“I never would’ve dreamed it was going to go this high, and I’m just kind of sitting on what I have left for old crop and new crop at this point, and wish I had a lot more of both to sell.”
And he suggests it’s not crazy to think the market will keep going higher.
“I think there’s the potential for upside (so) I’m just going to play this thing out. I was going to unload the last of my old crop corn at $6.00, but with the market continuing to rally I (decided) to hang onto it and see what happens at this point.”
Storm, who farms near Dover, says one downside to the rally has been higher input costs, although he was able to prepay in December.
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