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

[hobbyfrmr]

Hmmmm, a farm......or booze drugs and hookers............I'm going to have to flip a coin.

The boom is over, there will be some adjustments on some farms, but I think there are some really big bank accounts on western Canada farms. New monster houses, new vehicles, new machines, more everything sky waitress a ha ha ha ha.

[Oliver88]

SF3 could be correct that the boom is over and there will be tighter margins for the next few years. FCC economists are forecasting this as well so it isn't that shocking of a prediction.

This will create some positives like the end to rapidly increasing land prices so maybe this will eliminate some farmland buying interest.

Time to trim costs.

[agchat]

"short change yourself and family with lowering your lifestyle so the rest of the people who are sucking on the Ag tit can continue to enjoy theirs..... " ---- farmaholic you go to the head of the class for summing it up the best. I have been in this farming game for 38 years. Always said if you get into farming expecting continous high prices, bumper crops, and rain free seeding and harvests, then I would lay off the cheap drugs. But this has gotten to be a ****ING joke with what goes on with farmers and the hogs lined up at the trough waiting to devour us. Once again well put farmaholic.

[hobbyfrmr]

In the last couple years, I overheard many farmers talking about how well it's going, the prices have to be high, and the "new normal". I always associated their tone with that guy from that Super Bowl commercial for godaddy.com.

Aaaand, of course, "if all farmers went organic, there would not be enough (Place commodity name here) to feed the world.

It's just food for though (pun intended). I do hope prices improve. It's going to take some time. Wait for $9.80/bushel then "pull the trigger" on canola.

[Hopperbin]

The guy we need to worry about is the young guy. Klause is doing everything correct in his mind.

[mbdog]

........I can't believe this thread.....

[JDGreen]

Klause when you have worked 5% of the amount of time I have worked in the oilfield, I will let you spout freely. However because you haven't put in even 2% of the time I have, I will set you straight just a little..

Firstly you have chosen the bullshit company's and it's so called retarded workers because you are simply to weak to go the distance. 12 hours days, being away from home from your love, working at 40 below, tripping wet pipe 12 hours a shift blah blah blah. Your an oilfield rookie sonny a bare minimum part timer...... Call me when you haven't seen her or your kids (when you have some) for 67 days straight... You have NEVER nor will ever do what others including myself have done rigging. So don't bullshit everyone on this site.... 400,500,600,700,800,900,1000,1100,1200,1300,1400,1 500 and now 1600 a day is still NEVER enough for myself to give up the freedom I get on my farm in my offseason... Sick and tired of the whining, bitching, moaning around here.. Maybe go and work a real job to appreciate what you actually have?? Ya farming boom is over big deal, I've never farmed to be wealthy, I do it because I love it.. Don't matter to me if the price is 3 bux or 30 bux I trudge on knowing that the best part of my life is on this farm.. The last thing I wish for my children is to be a 9-5 schmuck with a 4 year degree..

[blackpowder]

**** me, again; Amen.

[riders2010]

I really find it *** brutal that if what klaus says about the workers of the oil industry and what they are making a bunch of stoned out losers making that kind of money all so that our cost of fuel has to be so high which by the way is making sask the highest cost of living place in canada. We are in the middle of oil world and pay the highest price In the world for it?????? Gee bring on some more foreigners to keep it going we ll pick out the terrorists later oh shit have to shut off the computer cause we pay the highest cost of power also, damn just lost cell coverage.

[SASKFARMER3]

Again lots of good points but the reality is that were in for some interesting times ahead.
Yes my first Canola is a good price along with my first wheat and peas were good but with hail and water that's about a balance. The situation that's on my mind is the remaining grain at the new prices. In our area after years of flooding you don't go and presell all of your projected crop. Sorry because if I would have done that My cost to get out of contracts would be couple hundred grand off crop insurance check.
I feel sorry for the young guns that were told this is the promise land and the good times will continue. Well when reality slaps you in the face, you take it and try to keep going.
Land will settle down which maybe is a good thing if young guys start losing land and dropping high rents then we might have another shit show happening. Devaluation of property could be bad.
On inputs its actually like Charlie did say your writing the check. Its true just because they tell you canola seed is this much your still the one signing the check at the end of the day so negotiate.
In the flood area I have noticed one thing fall work is happening on lots of farms like they use to do in Manitoba after the crop was off. Hey adapt and change.
Yes I bitch but reality of the situation is prices are dropping way faster than I thought they would. Every day I log onto the computer and its red across the board. If good news cant get this puppy going bad just helps keep the fall going.
So yes its a thread about the boom being over but as JD says working away from family or working with family is two different things. One you might make lots of money, but not being around for football games or first day of school or what ever else you miss just because you needed to be away at work. Yes farming is not the easiest way to make a buck, but for all the stress its still one of the best places to be your own boss and enjoy how the plants grow from start to finish and realize you did your part even though every one else gets the bigger piece of the pie.

[sawfly]

this farm downturn ,
is more the normal than the good crops and good prices of the last 4 years,

yes we are getting screwed, from every corner, again that is normal.

farmers pretend to be capitalists.
and can't stick together on anything.
their own worst enemy.

agri business and the rail roads have put put us back in our place.

but i am sure glad i had one
good chance to cash in ,
in 40 years.

in every sense farming should be a profitable venture.
just hard to keep the leeches
out of the system

[farmaholic]

SF3, You bring up a good point regarding land prices. I am glad I don't have to pay for any land bought during the "last spike" up. The least those who did can hope for is it retains the purchase value and not deflate. Land rent too will surely adjust but I'm on the record saying that is the last place the first adjustment to costs should occur. It's not so much the "investors" I care about as the guy who paid for it and made a living on it over his lifetime and is now using it as a source of retirement income. Times are changing, landlords can be people who never actively farmed(investors) or those who inherited it from their farming parents. It is the ones who farmed it their lifetime I care about and hate to see them take the first hit in reducing costs.....

[sumdumguy]

We were flying to Las Vegas in August and sat beside an interesting character. He was about 35 years old. His father, with a long pony tail and beard was in the seat behind him. They were both from Florida and work in Rocanville at the mine. They fly in for five week stints, after which they fly home for 3 days. Yes, I said 3 days. He has 3 young children and a wife in Florida. I asked him why he doesn't move his family here as secondary education is so much cheaper and health care is no-cost. He quickly answered, "oh, I couldn't do that because of the Second Ammendment." what the hell is that? I asked. The Right to Bear Arms. So I thought, if that's what is keeping our population down, that's an easy fix.

[cottonpicken]

As the person who seen the boom coming years before it happened i respectfuuly disagree with all of you.

We are simply taking a breather.

I could right a thousand pages off the top of my head explaining the macro factors at play and the reasons land has gone from 35 dollars an acre to thousands.

http://www.youtube.com/watch?v=kKnXO3ffITI

[fjlip]

"farmers pretend to be capitalists.
and can't stick together on anything.
their own worst enemy."

You got it Sawfly, been that way for ever, in my 40 years. We take what others willing to give and have NO bargaining power. 2% of pop DO NOT matter.
Do till it's no longer fun...was yesterday.