I woke up this morning thinking about all the money I wasted this year. I know, you could call these investments or security or protection or investments that never paid. Yes, kind of like the stock market.
Our truck and camper is sitting on the banks of the Mississippi and that is not money wasted. I have enjoyed every penny and every minute of it.
The first money waster was crop insurance. I got to thinking of the tens of thousands of dollars I have sent crop insurance companies with no return on the investment. Now I know many farmers consider crop insurance a smart place to invest in your crop with so much at risk. But in 47 years of farming I have never really needed it. Oh, I had a couple of minor claims but they didn't help me out or save me. I had GRIP crop insurance pay off two times but to me that wasn't a good investment. Am I just good enough or lucky enough to not need crop insurance?
The second one was poor marketing or money that was never earned because of my poor marketing decisions. I wonder how the hedging farmers made out? Some of them live by the markets and spend more time in marketing than I do raising the whole crop. They stood to make some big money this year with the huge market swings. I could have easily earned a lot more money this year but was not willing to pay the fees.
The third is poor services and gouging the market. One field of corn was the worst I have had because the company did not do what I told them to do. They used a certain driver who has damaged every crop he has been in for me and they used a heavy machine to apply the chemicals I told them not to use. Where the wheels went the corn died and the grass took over. The booms are not very wide on that machine either. This really burns me. I paid top price for very poor quality service and they won't take any blame for it.
They always charge a little bit more than anyone else but the big problem is every time I have bought something there, the bill is always higher than what they quoted me. "Oh, the price went up", they say. This is poor business but there are only three suppliers to deal with and they all act a lot alike.
Another one is people who think your land is theirs. They throw out trash, start wild fires, run 4 wheelers through your property and always want to hunt there without anyone else being allowed to. Respect of property rights has really went down hill in this country.
I am happy to share my meager holdings with others but there aren't many people out there who would even ask to use your property if they the kind of people you would want there.
OK, I am done venting. I will bite my tongue and just let it all become a part of the past. It's expensive getting "older and wiser.!"
Did I get up on the wrong side of the bed?