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The Report

Agriculture.com Staff 04/01/2008 @ 8:59am

'Twas weeks before planting and out on the farm
The Department of Agriculture gave the alarm,
"We counted the acres and we are here to warn
We've got plenty of beans, but not enough corn."

The grain traders were all caught by surprise
As soybeans continued to fall from their highs.
Over 12-dollar beans and it's time to trim it
So beans spent all day down the 70-cent limit.

When the market drops, it's is an ugly thing
And worries me about what the next day will bring.
The worst is not over and I believe you can bet
The bottom is not here. We've not reached it yet.

The corn market hung on and prices didn't fall
With demand from livestock, exports, and ethanol.
Almost six dollar corn and it should remain high.
Since demand is good, next we need a supply.

We have our acres. Let's work on the yield.
To haul in everything we grow from the field
Using fertilizer, seed, herbicide and sun
With the right amount of rain to get the job done.

To get the most from what harvest will bring,
We will need a good early start in the spring.
We'll be underway as soon as the soil dries,
Working up the ground and then we fertilize.

Depending on suppliers to deliver what we need,
Furnishing us our fertilizer, pesticides, and seed.
We farmers like to think that we are on our own
But we depend on many. Nobody farms alone.

Spring is here, it is time for planting to begin.
When harvest arrives, we'll put a crop in the bin.
We'll do our work; we'll even have time for fun.
Let's get things underway and get this job done.

What about soybeans? Have we seen the high?
We'll receive that answer on a hot day in July.
I say higher prices ahead. It's not over for beans.
When dry weather arrives, they will be in the teens.

'Twas weeks before planting and out on the farm
The Department of Agriculture gave the alarm,
"We counted the acres and we are here to warn
We've got plenty of beans, but not enough corn."

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