Slow down in AG and Oil! Ouch!

[farmaholic]

And it is a margin business.

I always thought that if I can get my inputs marginally cheaper than average prices and grow a marginally better crop than average and can price my production marginally better than average I should be ok.

[farmaholic]

Down sizing can be tough when there's too many fingers in the pie!!! Everyone involved needs to make a living...(in the operation, not the dealers and suppliers)

[ajl]

Brave does have a point. There is still more opportunity in Ag than in town right now. I did books for a combination restaurant and gas bar as a side job and it was not profitable either. So the business was sold and no more side job. The owner did well on the real estate transaction. There is a betting pool as to how long the new owner will last until he runs out of cash.

[LEP]

I have owned non farm businesses and if you think it is any easier than farming you are dreaming in technicolor.

There is no worse feeling than to open up shop and no one shows up. Kind of like having bin butts worth of grain, and no bids, but still have payroll in a week.

I always say to those that think it is easy "there is plenty of room on the gravy train, hop on"

That said farming is definitely not an easy occupation either. But if you don't run it like a business and with complete passion you better get out.

Everything that I do in a day, I try to do it as economically as possible and to the best of my ability. In order to compete I try to do a 100 things just a little bit better than last year.

I compete with myself not the neighbor.

[SASKFARMER3]

My rented is reasonable for rent I can live with that also 5 year deals. But seems as one gets older you either start to wise up or you want to protect what you have!
Never been to a Deere factory and I have owned a few new pieces of equip. I deal hard but that's the way I am.
Phoenix was a clean up and scout new areas! Property should be sold by weeks end! Return with dollar very good. That's why will rent for the next few. I have other options for holidays.
Now funny the comment on real estate and the restaurant. He did well in the sale. Real estate bought at right time is amazing!
Now all I am saying is the boom is done if I would have no one to take over last spring would have been my last crop. Canola end to end and quit! But unfortunately I have sons who like the life but still have to complete school and university or trade for a few years!
Oil is going to be in the tank and God help us if Alberta is the blue print of what Truedeu has in store for the rest of us!
Hawaii permanently looks better and can still farm their and supply Trudeau with real nice product!
Ha ha ha.

[cottonpicken]

I think the global economy is now out of runway and the carnage is about to go off the map in the next year.

In the seventies and then a few years back they basically moved the decimal point and I think they are about to do it again not that we will be better off.

No interest rate in the market place i cant get over the fact there is no sence of panic.

[SASKFARMER3]

Sh cotton all is fine!

[Braveheart]

SF3, i hope your sons don't read Agri-Ville. The "But unfortunately I have sons" comment might send them over the edge. Time to call Elaine Froese for some coaching.

It sounds like you could have quite a legacy to leave the sons. More than assets though, a positive attitude is priceless.

[blackpowder]

The young farmers here are all well capitalized. 3rd gen. Businessmen. Acreage or farm yard, not one new house under 3000 sq ft.
But it is funny. Farmers are the ACME Instant arsehole Pill. Just add cash!
Lost a piece of land to an owner who hasnt bought fert since 85. Going farming again at 76.
One elder owner has downtown high rise kids in laws wanting to 'farm'.
3 or 4 good years out of the last 35 and your suddenly making "too" much money. Cleaning out old truck today, found some canola quotes for $5.40 a bushel maybe 10 years old?
I knew the sky was limit was bull. Many countries people starve if no money for food. Nothing changed.
Ya the stories keep adding up from the patch. 81 all over again? For some. Much more diverse economy now. But the politics has sea changed. Oh well.

[wakopa]

I'm depressed , gonna drink at lest 6 pack , let me count ------ already passed that .

[MBgrower]

Agree with bravehart, easier farming than running a small business. I know of many who are sucessful farming, but wouldnt have a clue in running a small business. Plus how many small businesses do you see flipping hardly used machinery for 200k per item?

[furrowtickler]

Agreed the slow down is here, along with higher liberal taxes on everything that we westerners are contributing to 'climate change' 👎 and OH&S - time to get the *** out .... Marginal profit is going to get trashed witching 18 months