Glad to hear you got it out, and safely :-)
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So maybe crop conditions arent as good out west as some let us believe.
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Wow, Sf3 that is some rough math all right . 27 bu/ac x $10.00 is only 270/acre. If a farmer put 300/ acre into I the is short $30.00/acre. Use an round number like 3000 acres canola planted would leave a $90,000 loss.
If this really happens, some farmers are going to have to take from their savings accounts.
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What savings account? After the last 5 years of which 1 maybe 2 were good its tough to put much money away when we are always in recovery mode. Next year will be a recovery year if we are lucky. Sick and tired of pumping hundreds of thousands into the ground just to breakeven or lose money.
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I think there are some exceptional crops in north west (?) area of Sask. Last year The farmers had a huge yield, about 35% more than usual. It looks to me like a carbon copy recipe so far. Maybe these guys will only break even...they could use the money. There are some very large, efficient, low cost producers around here so the economies of scale are in favour.
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