Winter Work
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Partners & Friends,
We at the Hess Family Farm are busy with winter tasks that tend to be a bit monotonous and repetitive. Over 20,000 bushels of beans were delivered to Beck’s Hybrids plant in El Paso, Illinois, for processing into seed. We will likely plant some of that very same seed this spring. The beans yielded and stored well. The corn hauling is down to the last (but largest 😬) bin. There have been many full days in the office finishing up accounting for 2024, getting ready for tax preparation, ordering inputs for 2025, engaging in short- and long-term financial planning, and attending various meetings offered by suppliers and consultants. This cold January has made keeping everything thawed out and operating a bit challenging. We can't help but remember how difficult this kind of weather was back when we were milking cows! We are also trying to plan for changes in the next crop year to bolster the bottom line. These are always tough decisions! What will the weather be like? What will impact market prices? How will interest rates trend in the months ahead? It seems like 2025 will be challenging for the farm economy overall, but we are glad that the January crop report was a bit bullish.
The new administration in D.C. is off and running. We pray for wisdom and fiscal responsibility. When the dust settles, there will be adjustments to make. There is wonderful news about new hope for peace in the Mideast. It will be interesting to see how the conflict in Ukraine resolves. The Brazilian soybean crop will be a huge one. Our relationship with China will be tested soon, it seems. With our borders closed, the labor situation in the US could become interesting.
Harper just got back from showing goats at the National Western Stock Show in Denver (see her Facebook for details!).🏆 Also, BPC Jr. High basketball season is in the last week of regular season games. It's been so great to be back at the gym to cheer for our home team! Phyllis and I also enjoyed seeing Walker in competitive gymnastics in Saint Louis - WOW! 💪🏻🏅
Fall Prices:
Corn: $4.26
Soybeans: $9.90
Stay warm!
Steve