Canola Prices...

[farming101]

When I said cost of production I should have made it clear that I meant all
costs in including opportunity cost and a great big fat wage for yourself.

And ya, just because you had a great yield it doesn't mean start blowing
out your inventory for a set amount of profit per acre. You never know when the
next bumper is going to come along.

[fjlip]

We are ALL dreamers, thinking we can beat the SYSTEM, sometimes but NEVER always. Target gets hit so we sign a higher target and market NEVER gets there, so sad so mad! Have a cost of productio but the overage is our return to labor and investment. One can survive on NO labor return and no investment return.
Been a long time since prices were below those numbers. Might have said but 2015 Canola=$5.88 to cover fixed and variable. Wheat $4.17 for same. So we averaged $115/acre on wheat to labor and investment.
Canola returned $194/ acre to labor and investment....90% priced. Any one care to share #'s?

[farmaholic]

fjlip, our crop was too thirsty too long last year to "return" those kinds of numbers. Based on production, sometimes the market won't provide a price to make any, or much of, a profit. No guarantees in this racket!

[furrowtickler]

May be time to sell some I guess ,not ready to seed yet or willing to seed yet at this time

[wmoebis]

Is there any public info on what targets were accepted? Or only the bottom price Co's are offering.