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Drones! Pros vs Con!

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    #31
    Canolacrazy, how did a company like viterra "write off" millions? what does that even mean?

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      #32
      Exactly mbratrud bang on comment


      Tweety do you not keep a balance sheet?

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        #33
        Mbratrud

        You mean slow and steady might win the race. Hope so cause I am getting slower every day. Both mentally and physically.

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          #34
          new guy . . . My point is cattle are not immune to global events. Rapid recent changes in copper, crude oil and the bond market point to a global slowdown.

          The strong US dollar and weak Euro is now pushing Irish beef into the US. Crazy developments beyond our control.

          How this plays out is unknown. But demand always trumps supply in any commodity market

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            #35
            Errol what would be "a best guess" of how long this might last? As long as the up swing since 08?
            Its hard to image it staying down for too long. The reason I say this is the other day there was an auction sale that brought over 3500 an acre for canola/wheat ground. Hard for me to pencil that out unless I live to 100. They must have better financial advisors than me.

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              #36
              Upswing in 08? As a cattle producer, i can say that other than immediately post BSE bombshell, 2009 was one of the worst years we ever had. For us, until just recently, there was no real good year, no upswing. Cattle are not sky high. They are just finally catching up to what they would reasonably expected to be after 11 years of little progress. We stood on the sidelines while the good times rolled right on by. It's our time to pay the bills now.

              We expect some volatility in this crazy environment, and I think we will muddle through. I also see that the local auction marts are quoting feeders higher than last week.

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                #37
                Unless you are borrowed to the max, but ya that puts you in the too big to fail category so credit is unlimited. Then use the drone to assess all prospective land to add to your base. 20000 even less chance to fail.

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                  #38
                  Pro: spying on my neighbors' wives sunbathing
                  Con: getting caught.

                  Actually I am not anywhere near that creepy. Just posted it for shits and giggles.

                  Scoping out your neighbors' fields even seems creepy. You might stumble across that patch of medicinal marijuana in the middle of their farm.

                  I suppose I could search it, but what range do they have?

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                    #39
                    I'm just saying its a tool in the tool box. I believe its to high priced now.
                    The wing system doesn't do well in wind. So would it be a after supper thing. Out to field in 20 min do a half section and home.

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                      #40
                      write off means write down the value of the asset on the balance sheet. it then turns into income at a lower price. but a material loss has to be reported to shareholders.
                      i agree the oil market may be overshooting, but commodity markets are what they are...volatile. the trick for us farmers is to try and navigate our way through to make a buck. with quality product to sell, there's still a dollar to be made, and the drop in oil is also helping my expense line as well. this year, we'll see.

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                        #41
                        Oil down- inflation up as all other sectors should benefit from declining freight costs. In last run up, rail freight more than doubled, now watch them come down! Oops, are fuel surcharges still there? Oh yeh and freight costs are sticky. What can one do to get the ball rolling?

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                          #42
                          seabass . . . Don't know how long

                          But the drop in metals ie copper, nickel, iron etc is a strong indication of worsening economies.
                          China consumes 45 percent of global copper.

                          Through Obama admin, the US debt will spiral from 9 to 20 trillion. Insane and the Dow is at record highs . . . Go figure

                          I'll be frank
                          We are all going to get kicked in the ass

                          PS the US administration now wants to increase government worker family time to 6 weeks.

                          Must go back to my cave now . . .

                          Comment


                            #43
                            Come on folks - In 2008 ish, the bankers and greedy folks who make money for doing NOTHING but gamble need got caught. They coerced the government into bailing out the BANKS and allowing trickle down economics... LMFAO. Then QE and injections of cash that also went the way of the top of the ponzie scheme. Less middle class, more poor folks.

                            Do any of you think we should fall for this any longer.

                            So bloody much opportunity and suppressed technology out there.

                            The shift has happened and it will be nothing but good for everyone and everything. Other than for those who feel they need more than they TRULY do.

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                              #44
                              Everyone here is doom and gloom but what positive steps can we all take to prepare.

                              My thoughts.

                              1) Don't fall in love with the asset values on your net worth.

                              2) Manage your balance sheet with an emphasis on debt including both total amount and structure.

                              3) Continously work toward profitability. If 2015 budgets don't show profit, make the decisions that make them work.

                              4) Cash flow is critical in tough times. Know when you need your money and a basic idea of what will be sold to pay the bills.

                              5) Have a understanding of the risk factors in your business and take the steps you can take to manage (accept, mitigate or insure). Risk management will mean giving up opportunities but it is also protection against stuff/minimizing pain when stuff happens.

                              6) Relax as best possible and concentrate on the day stuff in your business. You have dealt with stuff in the past (some of us have long memories) and you use this experience in the future.

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                                #45
                                Has anyone talked to FCC lately? Are they still bullish? It seems to me as long as they are still giving money away, the bubble in western Canada will continue to inflate.

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