“The first mistake that I feel like I made is that I didn’t plant the right crop mixture this year because who knew we were going to have such a cool, wet, summer.”
John Malazzo says if his crystal ball had been working, he would have planted more corn and less cotton. He and his neighbors can’t remember ever having a corn crop with a yeild as big as this year’s is.
“It’s due to the kind of year we had, and sometimes we feel like we’re not managing this corn crop like we ought to because we hear about the Midwest yields, and why aren’t we making it? We have this fertile Brazos River bottom land, and we’re not making the big crops they are, but it’s weather related and this year is proof of that.”
Overall, required inputs to this corn crop were lower.
“We’ve had a little bit of an increase in our weed control costs, and a little bit of a decrease in our fuel costs, and a large decrease in our labor costs.”
Farmers borrow operating capital based on historical averages of yields versus expenses.
“The last few years our average yields have been going up. Our costs have been following them, but we can now bring to our banker a five year history now that shows we’re increasing our yields.”
And for the first time in years, asking about the price of corn isn’t something farmers don’t want to talk about.
“It’s great to finally have a crop that yields historically high, and brings a historically high price.”
If you make your living in production agriculture, good years are necessary to keep you in business during the bad years.