We have attended a few grain marketing meetings in the last few weeks and no of the experts had any hopes of 2014 corn and soybean prices being higher than today for next year and actually all of them were expecting quite a bit less. We started to look at some budgeting numbers based off of current fert and seed prices and expected rotation acres and yields against historic farm expenses and average projected 2014 grain selling prices from the "experts". It doesn't look good.
We are going to tighten down what we spend this year and have a look making some changes.
Anyone else feeling that 2014 is going to be a challenge to remain profitable?