03/03/25 Afternoon CommStock Report – The Turtle Strategy

The turtle looks bewildered, thinking… “Here I am. How did I get here? What is going on? What should I be doing next?” These are all pertinent questions that farmers are asking themselves. I think that we have entered a swirling vortex of developing new reality so that none of us are comfortable enough to think that we know all the answers to the questions. I think that for now we should all adopt the turtle strategy until extremely unpredictable events sort themselves out. Whatever the size of your shell, I have previously advised getting smaller. The strategy is to reduce risk and marshal resources for future commitment when opportunity presents itself. The level of current uncertainty of fundamentals has inflated the degree of risk to where I find it intolerable. I am not un-brave and when I have a level of confidence, subscribers know that I have been willing to stick my neck out from a position of strength and accept risk. I do not see this as one of those times. I believe that we are walking by the graveyard and something is going to jump out of the dark at us. I do not feel that most…