Sunday, March 24, 2013

Junkbox, Episode MMXIIIΩ...  

Seriously, 8" of snow on Palm Sunday???
Back to the woodshop.


Chuck said...

Re the last paragraph of: Prices Paid for Farm Inputs vs. Prices Received for Crops: Implications for Managing Risk and Farm Policy

"Last, the lack of a trend in the ratio of crop prices to input prices adjusted for productivity"

Input prices aren't rising in lockstep with farm income.

"suggests that a key risk management strategy is to pursue the highest level of input productivity while not incurring large debt."

You should control your costs.

"Thus, history suggests a good risk management strategy is to use the current period of farm prosperity to improve farm productivity without incurring debt."

Because it ain't gonna last, invest your profits wisely.

John Phipps said...


That's pretty much what I doped out, but it doesn't really make much sense. See my following post.