It's interesting—there was one young farmer on the phone, and I remember this because he said, “Listen, you guys, whatever you're going to do, let's get on with it, because I've just finished harvesting my winter wheat crop. Now I want to make some plans for what to put in next year, and I want to forward-price this contract. Let's get this thing going so that today I know how to plan for next year, and not have to wait six to eight months to know what the initial price might be.” His view is that he can plan his life and have a better viewpoint six to eight months sooner, and be looking at things a year down the road. That's the one farmer that really struck it home with me about the future for him.
On November 1st, 2011. See this statement in context.