Many, many farmers have made significant inroads into their cost structure and we have seen a very significant surge in diversification.

The new players have a cost structure that is on the average of about 2,500 dollars less a vehicle. That's a killer number when you're trying to get competitive. It's a lot easier to add costs than to take out costs.

When you look at it, there is a fairly significant differential in the cost of the oil and it makes a big difference. If there was a vendor that had access to that reduced cost, we would give it serious consideration.

First crop hay was abundant, but yields for 2nd, 3rd and 4th cuttings have seen significant reductions. I think overall there may be about a 25 percent drop in the alfalfa crop here, which includes a reduction caused by fairly extensive winterkill in some fields.

It's just like buying lobsters in that the market determines the price. It won't be a significant cost and it's not a significant revenue area for us. We believe we will have ample storage space for most customers.

There is a real risk of devaluation in Venezuela. We've seen significant outflows from Brazil. ... So I think, from the Latin America side, it's still a month of caution and concern.