Wheat basis...

[fjlip]

As I have said, starting farming 45 years ago the price per bu was about the same....not much else is ...so far sons are saying no thanks to the ABUSE of the system.

However REAL sharp young guys are raring to take on the system all around me, GOOD for them, I once thought that way...

[farmaholic]

That is about right tweety. Relation of mine says he just cannot figure out why farmers do not understand three words. Supply and Demand. To wait and hope for a wreck somewhere else in the world is just stupid. By the way, relation is a very smart business man.

.......smart enough to realize primary ag production is too risky for the rewards. Probably the kind of businessman who sees the value of owning farmland....owns about twelve quarters but rents them out. Took other risks that paid, chooses to soar with eagles instead of walk with turkeys----meaning surrounding himself with successful like minded people who open doors for each other. Then there is the "luck" of wealth....the kind that comes without having to really do anything to acquire it. And the kind of guy who isn't overly flamboyant, is down to earth and salt of the earth. And probably a damn good money manager. I think I may know someone like that too....

[ajl]

If the unemployed understood the law of supply and demand they would just lay in bed all day and not send those resume out. Reality today is that there is no opportunity anywhere at the moment and I don't expect to see any for the next 30 yrs. At one time I thought the western Cdn pulse industry was a good Cdn growth story but will see how that does after 30 inches of rain. Other than that the real Canuckistan economy is dead as roadkill. GDP includes the value of a lot of government activity at cost and a lot of it is damaging so right now the growth is in public administration. Compared to the rest of the economy $5.50 wheat ain't bad so production will keep on coming.

[agchat]

.......smart enough to realize primary ag production is too risky for the rewards. Probably the kind of businessman who sees the value of owning farmland....owns about twelve quarters but rents them out. Took other risks that paid, chooses to soar with eagles instead of walk with turkeys----meaning surrounding himself with successful like minded people who open doors for each other. Then there is the "luck" of wealth....the kind that comes without having to really do anything to acquire it. And the kind of guy who isn't overly flamboyant, is down to earth and salt of the earth. And probably a damn good money manager. I think I may know someone like that too....

Nope, wrong guy

[farmaholic]

...damn, must be a case of mistaken identity. Not too many people I described have all those virtues!