Markets down again!!

[Richard5]

Partners, any idea where that drill would have went? I just don't see the need for it here, especially at that price, prob 950 cash, but even if.

If i needed seeding power, i think a couple 60 or 74fts would be a lot cheaper and probably a better job

[Oliver88]

I'm just throwing it out there farma

I agree that i think too many are getting way too far in debt for what they can handle and all for the wrong reasons - they never get turned down for more loans, leasing, or the worst, those damn farm input credits

No matter what age, i would be very worried if i had more than 300 per acre debt at any one point during the year. If its only on land, then less issues but possibly a concern

You make some good points that are likely being overlooked by a lot of the ag industry.

I think with the land sales over the last five years $300 per acre of debt wouldn't be hard to arrive at if your farm increased in size significantly since 2011.
Depends on the % the land base increased by.

[farmaholic]

At the Farm Progress Show, I asked Bourgault why they keep building the drills bigger. His answer was, because farmers keep buying them. I guess there are some areas of the world these "goliaths" are useable. I guess thats why the areas that have variably shaped fields and lots of obstacles need sectional control. There has to be a point where size and weight and engineering limitations halt the insanity. Or is it pride driven even if it begins to lose practicality?
You'll know its gone too far when they start promoting row spacings over 12 inches again. Fewer shanks in the ground or the same spread over a wider width....because of HP or traction limitations. They have to sell you the concept so you buy the sales pitch and machine. Some Buyer's egos are the Dealerships best salesman.

[Partners]

Watson area..

[MBgrower]

Resale value on that seeder will be terrible.

[Richard5]

I agree farma but if you are at 300 then the next purchase puts you to 400, then 500 per acre and thats why i would be concerned

One tough year then its 600....

If someone farmed 20,000 acres and 15 mill debt, that's 750 per acre. Lenders won't turn them down because they are large and they may be in too deep with that farm to loose financing to someone else or worse, to a leasing company

Its just numbers i am making up for examples but its still very scary if this could be what some are doing

[farmaholic]

There are some operators around here I wouldn't trade places with. Who is ultimately to blame, the individual or lending institution?

Thank goodness not everyone is in the same boat.....some are on luxury cruise ships and others in life rafts cruising along below the waterline thinking everything is fine.... One small wave and they will be taking on water!

[biglentil]

We are lucky we sell a human need and are insulated from the major downturn in the broad economy. The economy is literally flatlining all around us. I have friends in the car and recreational vehicle business they say dead hardly describes how bad it is. He mentioned a new car dealership in moosejaw that only sold 2 new cars all of february and these are typically great months for new auto sales. Calgary Kijiji is so friggin stuffed with late model heavy trucks. I I typed in T800 Kenworth over 50 of that specific model listed alone. What happens when the debt defaults hit epic proportions and EI runs out? This could get very ugly and the status quoa never to be seen again.

[Guest]

Maybe we have too many people living too high on the hog blinded by the potential downturn that is happening now. I am not saying they all have and I have been guilty of the bright lights that are $14 canola but you need to pull back on the reigns once in awhile. I feel on a whole that the majority of people put personal items ahead of basic necessities and they are going to get caught. Or maybe the 'keeping up with the jones' philosophy???

[freewheat]

Maybe we have too many people living too high on the hog blinded by the potential downturn that is happening now. I am not saying they all have and I have been guilty of the bright lights that are $14 canola but you need to pull back on the reigns once in awhile. I feel on a whole that the majority of people put personal items ahead of basic necessities and they are going to get caught. Or maybe the 'keeping up with the jones' philosophy???

A pile of stuff has been bought based on high yields and high prices lately. A lot of farm expansion has also made this assumption it seems.

Sub 9 canola should make some grunt a bit. A less than stellar crop, and we will all be back where we belong. Neck and neck with my farm! lol J/K...

[farming101]

Canola price action today very encouraging. Crashed through
support but then ended up above 450 and first pivot point.
Volume concentrated on the green bars.
Maybe that'll put a damper on specs running wild.

Oh, and a great big fat bullish hammer printed too. Take That!

[BTO_farmalll]

Hey, I Like That Attitude T!!!!!!! No More Hope, Just Pray!!!!!!!!!!


#ThisAintPretend

[freewheat]

Free ! Don't want to be neck to neck with your farm !

# no sheep for me !

# auger mover is a necessity !

Your'e telling me!

#augermoversforwhimps101#

#sheepnaziseinfeldfunnyguy#