B O O M! The sound of Agricultures door closing!

[farmaholic]

Forgot to mention, I think you're either born into this or come into it with a pocket full of money.... otherwise it's a battle I wouldn't even consider fighting. For all the shit and abuse you take...never.

[cottonpicken]

Id have to do a little digging but i know the purchasing power of our grain or near is at record lows. Beans were ten in 75 what else was ever that. We should call gatta because what happened in that market is definatley happening here and those guys aint afraid to swing a big stick at someones head.

[SASKFARMER3]

Nasty it's not about me hell 8 years of flood you think you don't adapt! Really insanity is doing the same thing over and expecting different results!
But my point is bull shit experts keep telling us that the world needs us to produce! I'm saying the experts are wrong! Keep a shortage! That's where the money is! Giving over production is not the answer!
But I feel bad for th new guys who bought their crap!

[charliep]

I always see this reference to world experts. Who are they?

I think I have highlighted that world consumption of most crops have been increasing at 1 to 2 % per year in line with population. Oilseeds somewhat more. The growth is steady regardless of price. Production varies greatly year to year depending on weather in the major producing regions. The other factor is the world's propensity to live with tigher carryovers which means very little difference between too little and too much.

The overall impact is price volatility. My two is the new farm manager has to learn to live with the volitality - i.e. manage risk.

Your other challenge is North America is becoming less important in world markets. We don't have the ability to "create a shortage".

[Mufferaw]

Pork weights have been increasing due to the higher mortalities in dealing with PEDv in the U.S. fewer overall pigs at a heavier weight. Close to 10% fewer hogs but only 2-3% less weight produced.

[furrowtickler]

If North America does not mean much , wtf are all North American grain/oilseed prices absolutely tanking on a huge crop that is not in the bin and huge quality concerns ??? Hmmm
I guess the world can survive off Malaysian Palm oil - *** em - IMO

[wakopa]

next year-well i did very well on my wheat price(ya we dont wanna hear about it) i screwed up on canola except what i contracted, was gonna sell all my canola today at over 9, shouldve text from the combine two days ago.canola is gonna come back to nine then i will sell everything and look at buying either corn or barley and wait for the turnaround.depending on situation i might grow buckwheat and flax and get top crop ins.i jump in and out of crop ins.made over 5 thousand this year not getting crop ins.cashing in on my stocks and sitting on side waiting for the crash in 6 months then buy back.i try and take advantage of the highs and lows.

[wakopa]

forgot, happy happy happy

[rockpile]

Agricultural production is a commodity market and in the commodity markets there is an old saying: "the best cure for high prices is high prices and visa-versa". 8 or 9 years ago the experts said we'd never see $4.00 an mcf natural gas prices again. Today, that is the norm. As for feeding the world's hungry, that's irrelevant because only a little more than half the global population can afford our products at our cost of production. The rest are a whole different topic. As for surviving these cycles, that requires discipline and reasonable expectations and serious risk management. Seriously SF3, I know a pile of farmers who would gladly trade places with you and take on your problems. Either accept the good and the bad as one package or else get the hell out. Your type A personality will lead you to a heart attack.

[grassfarmer]

"Agriculture's door is never closed. Only minds close."

Outstanding Braveheart, couldn't agree more.

[Klause]

I make that 700 bucks a day... it's fun for a young guy whose single.



But what ya gonna spend it on if you don't have a farm? Booze drugs and hookers?





As far as this year goes peas average 6.50 53 bu an acre.

Wheat 6.00 a bu 50 bu an acre.

Oats 90 bu an acre 3.40 a bu.

Canola? Our crop is shit but between crop insurance hail insurance and an average market price of 10.80 a bu we will be ok...

Paid for the high clearance sprayer and the new(to us) combine with custom spraying.

We will work this market on the way down and then on the way up to average prices that work for us.


I.e. 6 peas for next year 12 flax. 3 oats.


Farming is a truly capitalist business and I wouldn't want to do anything else.

[Hopperbin]

Sask3 What expert is telling you to produce and stick every dollar you can Into your crop. As a farmer your job is to produce grain efficienly. You talk as if your not qualified to operate a grease gun, use a calculator, etc. Oh now is the time you will say if I met you you are totally different. What is the point.