Farm bureau survey

[cottonpicken]

Food inflation is running at 13%.

The rule of 72 gives us a doubling every 5.5 years-if it stays at 13%

This is what the highway to hell looks like.

http://online.wsj.com/video/the-rising-costs-of-thanksgiving-dinner/0738370A-20AC-46E2-B12A-AF39072D60B7.html?KEYWORDS=thanksgiving


http://www.ilfb.org/ifb-news-and-events/ifb-in-action/nov-10-thanksgiving-survey.aspx

[Hopperbin]

Cotton the turkey dinner cost 13 percent more than last year. Mostly on account the turkey cost more this year, some items dropped in price. The turkey was due for a price increase because the last few years was not much of an increase if any. I would not get much excited about this silly video.

[farmaholic]

When the percentage of our disposible income spent on food in North America reaches that of poor countries I will be concerned.

Might have to get rid of the boat, fifth wheel trailer with all the slide-outs, quads, sleds and maybe can't take that hot holiday in the dead of winter. Hardly sustenance for life.......priorities.

[cottonpicken]

Overall inflation is around 7%.This is what is going to
push more and more capital into tangibles.

Its not going to take many more months for this to be
obvious-in my opinion.

Did you see that bullshit sso pulled on thursday?

[GreenValley]

On interest note from Calgary newspaper, acreage of wheat to date 6.9 millions acres down from 8 millions acres in 1992 that about 14 percent down.

Barley to date 3.68 million acres as compare to 6.55 million in 1981 down about 44 percent.

Livestock beef cows to date 1.69 million head as compare to 2.2 million head in 2005 that is about 24 percent down.

Sow count to date 145,000 down from 209,000 in 2002 that 31 percent down.

That is Alberta production according to Statistics Canada. Wow, inflation bite maybe..

[wilagro]

GreenValley: Poor returns for ALL of the listed commodities for years already...possible reason for reduced numbers...eh what? Its not rocket science.

[Hopperbin]

All I know is my 50,000 investment is worth near 27 now. Since I am young I tell myself to have patience. What is the bullshit? I do feel they are worth much more than the share price.
Investors rule yet sometimes the idiots we hire to manage our mutual funds have no brains.

[cottonpicken]

They cut their resource estimate in half at one of their
mines-which i thought was near impossible with all
the regulatory systems in place.

Somebody might get thrown out of a helicopter like
the brex guy.

[Hopperbin]

I did read that.

[Hopperbin]

the reduction came from "Proven and Probable" On my RBC site the EPS is still 5.85 per share, and P/E ratio is 2.8 . What do you get on your site?