Pull your TPA's

[GOODRUM]

Who you working for Charlie? Haha

[charliep]

Was chatting with someone today and they reminded me about the old joke about the farmer who found a lamp with a genie in it. They asked for $15/bu canola 3 times. The genie asked why the farmer asked for $15/bu canola twice before on the last wish. The farmer responded this time I'll sell.

[charliep]

Just to get you reved up, here is an article to read.

[URL="http://www.agcanada.com/albertafarmer/wp-content/uploads/2014/10/AFE141013.pdf"]Alberta Farmer Express[/URL]

To many old sayings. I have to do business with friends. My enemies don't buy here.

[GOODRUM]

Up $7 , hope the trend continues.

[hobbyfrmr]

I am following charlie and braveheart on this one. If there was the opportunity to lock in new crop canola at $10.50/bushel when a farmer was delivering old crop at 12.00/bushel. Why not figure out if its profit for your farm and sign up a % of your average production? Big farmers do this. They have big costs that need to be covered. Its good to k.ow a year ahead a person on at least have a little profit.

[GOODRUM]

Hard to figure if $10.50 is profitable if you have to sell the rest for $8.50 , 1$ profit on half and $1 loss on the other half.

[GOODRUM]

Hard to figure if $10.50 is profitable if you have to sell the rest for $8.50 , 1$ profit on half and $1 loss on the other half.
Be nicer to start with $12

[farmaholic]

What's wrong with changing our minds? The market is a moving target so why can't our expectaions change. If a production/political blip occurs somewhere in the world that provides an opportunity for higher prices should we not try and capitalize on it? Or because we signed a TPA we have no right to change our mind? Good grief! Oh yea I forgot, if we net out a nickel above COP thats good enough, so some think...

I have no target agreements signed at the moment and don't like using them or the excuse they use, I "might" miss out on something but read the posts about spot prices rallying higher than triggered TPAs. You have to wonder how much higher it could go if no one had any.

I'd bet my farm they only get triggered in a rising market. Not like, gee am I glad they triggered my TPA. The market just fell $30/tonne over the last three days...yea, right.

[bgmb]

You guy like giving grain companies free call options. Never have used one never will.

[Guest]

i agree with bucket , contracts are a way of taking all the risk . how many people do you think were on the wrong side of this durum market and had to buy their way out ? no one is talking about that ? anyone that thinks they can grow canola consistently for $10 with these inputs is a lot better farmer than me ! we are falling for their horseshit hook line and sinker. i notice no one is talking much about cop this year , thats all we heard from them last year . they know we are below our cost of production and couldnt care less! every 1/4 of canola i look across on our farm represents at least $45,000 direct inputs , think about that when you want to give it away