Peanut Oil

[crappiefarmer]

HANG ON!!!!! The prices of all cooking oil is going through the roof. The reason that it is going so high is because they have had a huge crop failure in China due to winter storms. It has hit canola and some of their soybean crop. One of the main reasons why grocery prices are going up is because of fuel prices. everyone seems to think that Ethanol and Biodiesel are causing the problems. This is just what the big oil companies want you to think! We produced 7 billion gallons of ethanol last year and after that and all the exported corn and corn fed to cattle, We still have over 1 billion bushels carryover. We are already at half of Ethanol production the government is going to allow to come out of corn. Pioneer seed company, Monsanto, and Syngenta are working on corn genetics that will make corn drought tolerant and cut the need for nitrogen fertilizer in half to grow the corn. By 2011, These companies will be producing corn seed that will average 300 bushels. Double the National average today. Not only will this cover all needs for corn Ethanol, it will cover all export needs and feed here at home and plus some! Farmers have also responded to the need for more corn and will likely do the same for beans and wheat this year. Last year We grew 93 million acres of corn. That is about 10 to 12 million acres more than the year before. So we will fill the need for the crop.
Wheat has had global production problems for the past couple of years. Minneapolis Grain Exchange has hard spring wheat prices between 20 and 25 dollars a bushel. It traded over a range of 4 dollars a bushel yesterday and that was the total value of the crop 2 years ago. Hard red Wheat is used to make bread and We have run out of it so the market is rationing whats left to be swept out of the bins. Look for bread prices to climb. World crops are forecast to recover within the next year or two and maybe be fully recovered by this time next year so if the bread prices don't back down, You know who to point the finger at.
Unfortunately for soybeans, they could be the next wheat as ending stocks have dropped to dangerous levels but prices are high enough to stir extra plantings so it all depends on weather this summer for bean prices.

This whole problem and yes I say problem too with high grain prices is a supply problem because of weather. No, it is not global warming. It is a stagnation in weather patterns caused by La Nina mostly but other variables also. As soon as La Nina subsides which is forecast to fall off going into this summer, then crop production will return to normal and with the high prices for commodities right now, there will be records broken on production and prices on grains will drop. Keep a watchful eye on grocery stores and big Corporations like Cargill and see if they come off their prices too. Something tells me they won't. I am a grain farmer and I have to pay high grocery bills too.
I say high prices are a problem even though I grow those high price commodities because it has gone too high and there will be a price to pay. What goes up must come down and grain prices usually go down a lot faster that they go up so I would not be surprised to hear about some farmers going busted in a couple of years because of price collapses and high fertilizer cost. The answer to high prices IS high prices.

For now, I am not getting rich. Just trying to get bailed out of the past ten years of cheap prices. When You start seeing pictures of the farmer driving the new Corvette in the Wall Street Journal saying farmers have become the new Middle East, just remember that farmers name and check on him in a couple years. You might be able to get a good used Corvette CHEAP!:DCF

[luvjign]

Crappiefarmer, ya'll have my utmost respect and admiration for keepin' us fed

[crappiefarmer]

Crappiefarmer, ya'll have my utmost respect and admiration for keepin' us fed

Thanks Man, I appreciate it. i know that is the way most Americans feel but there is a bunch that does not understand the way things work out on the farm that are sitting in their corner office in NY or Washington that does not have a clue but are arrogant enough to think they are smart enough to know how to farm from that leather chair they are sitting in and know when we make too much money out here. All the while they sit there on Wall Street and trade my crop on paper many times over in a day and the only work they do is tell someone to buy or sell and then manage their millions. But I get too much money. Some of that bunch thinks farmers are a bunch of hicks driving a tractor and pull a plow all day and don't deserve what we get and they are trying to sway public opinion against us for some crazy reason. I took a course on marketing commodities and have made money and lost money doing what they do. I know how they make their money. if they tried it my way, they would go broke. I hate to make these post long but it seems that no one speaks up in our defense in mainstream media when all this crap surfaces and believe me it will again soon. They will say We are getting subsidies with high crop prices and a bunch of folks are going to get mad because they don't really know that we don't when prices are high. Ethanol is driving up food prices while farmers get subsidies they will say. I say Sh^% on them. The next farm bill will soon be in the news. No on will say that that farm programs were actually cut and the money transfered to the nutrition part(food stamps) part of the farm bill. Got to pay for all those illegal aliens that will get amnesty getting on the government dole. First they take it from farmers who work their a$$es off at least and then will give it to someone who won't work a lick. Makes since to me! You gotta love this country. CF

[skiptomylu]

Try my crappie cakes they are pretty darn good. Here is a link to my recipe page.

http://thumpitjigs.com/Recipes.html

Skip

[Wiskers]

I didn't know it was legal to cook crappie in anything but lard till I was 20 years old. That's all grandma & grandpa always used! :D

[JZachem]

I saw cottonseed oil in BPS today with the turkey fryers--I didn't know you could fry with cottonseed oil, dumb me I guess. I do prefer peanut oil but the canola oil will do fine. I do feel for the farmers too. I used to be a bird farmer and quit just got tired of gambling on weather, corn,soybean,ect prices and when you figured you had everything going great it came a hard rain and about 2000 piled up in your barn and then a guy you had contracted with called and wanted more than you had!!so you farmers out there have my upmost respect. Have a great day!

[crappiefarmer]

I saw cottonseed oil in BPS today with the turkey fryers--I didn't know you could fry with cottonseed oil, dumb me I guess. I do prefer peanut oil but the canola oil will do fine. I do feel for the farmers too. I used to be a bird farmer and quit just got tired of gambling on weather, corn,soybean,ect prices and when you figured you had everything going great it came a hard rain and about 2000 piled up in your barn and then a guy you had contracted with called and wanted more than you had!!so you farmers out there have my upmost respect. Have a great day!

I have a cousin who ran a chicken house for years. Tyson Yanked all the contracts in his area a few years ago because of a few bad producers. He got caught on the short end. Was his main source of income then had to switch to row crops. He lost his families farm behind that. those chickens were hard work and a pain in the butt at times. So You know the deal. Just think if you were still in the bird business and had to buy corn or whatever grain you were feeding at the prices today. Corn around $5.25. Beans around $14.00 and wheat around $11.50 a bushel. I feel for animal producers right now. cattle farms are liquidating herds like crazy so enjoy that rib eye steak now cause in a year or so, all we will be able to afford is Hamburger steak!CF

[joejv4]

I use Canola oil . It's lower in cholesterol .

Me too, and it takes a hair over a gallon to fill my fryer. I buy a gallon jug and a quart jug and will use the oil twice - filter back into jug after first use and refrigerate till second use. After the second use, it's pretty well done-in and I have to go shopping again.

[willsjwills]

Got outta farming in 1973, the year of the flood. My land was under water till July4th. I decided I could not win fighting variables that I had no control over. I'm not a gambler. To those fellers who've stuck it out--"you're one tough bunch of fellers". I don't have the fortitude nor the energy for that kind of "making a living". It's for sure this country couldn't do without you. If we could, those brokers would be growing beans in pots on the sidewalks of New Yawk City.

[LPW]

Heck! Pay the price for the peanut oil, help the farmer and enjoy the fish as that is the only way to cook them.:-)