Ah the Boom of 2008!

[SASKFARMER3]

As the anniversary of the most famous date in grain marketing comes and goes. That's the end week of Feb when in 2008 grain markets went just nuts and took farmers to real world values for their crop the processors were swamped and cut off future contracts etc as farmers for the first time in 30 years knew what profit really meant. Then in less than 48 hours the shit hit the wall and prices have been tumbling ever since. How low can we go, My guess is we will get below the cost of production on most of our crops grown in western Canada. One or two days of Real prices and years of pain. Or is it one hell of an education that no one in UofS UofA or UofM could ever teach. No way in hell will farmers ever get more than the minimum for their crop. All fert at the same time went through the roof. They werent going to make any more. HA HA. Glyphos was at a world shortage levels Wink wink. All the major equipment manufacturers were running out of equipment to sell. And the world was loosing land for production and people would starve. HA HA HA.
It was all BS. Now reality one oh one sets in and farmers are realizing were back in hard times again.
Or are we just at the cusp of great financial reward.
I believe history repeats its self. So any one who didn't buy into the BS and watched costs. With little debt or vary little will win. All signs are pointing to higher interest rates. 1/2 point per meeting for BofCanada. Saving and bonds etc will be winners. Or will that be short lived to just like the Boom of 2008.
Know one knows but boy is it fun to participate in this BS screwed up world we call life.
Have a good one.

[husker]

Now how are the large corporate players who took on large tracts of farmland going to make a positive profit on farming, like it has been for the last slim and none

[TOM4CWB]

husker,

Large integrated food producers can squeeze out independants... if you are not in the chain... in the future it could well mean you have no sale for your produce. As livestock producers and feeders found out recently. The big corps WILL look after themselves...

[cottonpicken]

I have to disagree.
This isn't over till the fat chick starts singing in the bond market after the bond vigilantes crucify the hapless ignorant investers who believe a few percentage points on us government debt is a wise investment because eh cash is king back to watching mtv

I know bringing up bonds is a broken record tune coming from me but when a few trillion tries to hit the exit at once cause da roof is on fire call da amba lance farmers will be singing free bird all the way to the bank.

Imho nia dyodd

[Hopperbin]

Tom, would you like to refer to Big Sky or Stomp Pork, big did not help them in the end. Cotton? Why the hell is the us dollar index rising so much? That is hurting our grain prices I think. And the USA economy with 10 percent out of work and no indication they will go back to work. Fascinates me how some can talk of rising interest rates that just cannot possibly happen.