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Financial Conversations with Fitz #32 - Changing Gears with September and New Rents - 09/01/2009

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Crops are looking good but a little inconsistent in spots.   Degree days are at 2,084 in Kanawha.  We are behind 298 degree days—about 75%—at this point.  Hope for no frost before October.  With 18-20 DGD/day, that puts us at October 10th for 2,850 plus.  There will be a full moon on September 15th and October 14th.  Grain prices are volatile.  Keep close track!  I spent last week in Colorado and three days in Nebraska checking cattle waters and fences with an 86-year-old retired rancher, who is a family friend.   They have the best crops they have had in years, even on the non-irrigated land.  Horse prices are in the tank, like our hog prices.  I can still open gates and check fences and count cattle.  Amazing country.   I then spent two days in the mountains, checking mountain streams!  It is good to see black soil again though.

Teachers and students in our area started class last week.  Be sure to thank our teachers and school staff for their efforts when you see them this week.  Watch out for our youngsters in traffic, as they get used to their new routines walking to the bus or to school.

Well, we have talked about rent as much as we can.  It is up to the individuals involved from here on out.  The decision must be made by August 31st, which is today!  If you want to do a good job of visiting with landlords, it would be good to have a plan in mind to justify the rent you are willing to pay.  Give us a call if you still aren’t clear.  It is important that your cash needs are sorted out before you agree to newer, higher rents, along with the other inputs.  Rents will probably stay constant.   I visited with several people after our rental program on Ag Decision Maker to work out cash flows for 2010.  If you aren’t sure what to do with your rent for next year, stop in and see one of our loan officers to help you out.

The world finally gets back to work full-time as soon as school starts.  Our area is no exception.  There will be lots of community committee meetings and projects coming up in September.  Be sure to come forward with your ideas and offer to help out with a project, whether it is for your church, school, or community.  Don’t forget to check out TSB’s Community Room in Forest City for your next group or family event.

Remember that you should deal with people in community banks and organizations.  When you work with them, you know that you will also see them sitting with you at ball games, church, or community events.  So, if in doubt give us a call.