Here's hoping for an economic reset soon in ag

[pourfarmer]

My experience in 35 years of farming and doing business has been......

Great post 👍

[hobbyfrmr]

Better yet get rid of the all the pricks in ag that feed off of Farmers !

You know who you are !

Then you will get lower yeilds, more weeds, more disease, more dockage, less cash flow , missed payments and go downhill fast.
Everybody knows you cant grow a crop without fertilizer and spray.

[Partners]

Farm for sale !

All retired farmers are real happy people..not one has ever said they wish they would have kept on..

[AlbertaFarmer5]

My experience in 35 years of farming and doing business has been...

On land have patience...you may have to wait 20 years to rent or buy what you think you should have today. Your turn will come.

Agree with everything you wrote except this. Say the average farmers starts at 30 ( assuming, like most of us, we had to go out and make a living first to get enough capital). Then wait another 20 years for the piece of ground to come up for sale, now assume that that doesn't coincide with the euphoric top and extreme prices, or a depression when the banks won't loan money, then take a 25 year mortgage on it, and suddenly you are looking at a mortgage that won't be paid until you are 75, if a bank will even loan you money at that age.

[bucket]

Agree with everything you wrote except this. Say the average farmers starts at 30 ( assuming, like most of us, we had to go out and make a living first to get enough capital). Then wait another 20 years for the piece of ground to come up for sale, now assume that that doesn't coincide with the euphoric top and extreme prices, or a depression when the banks won't loan money, then take a 25 year mortgage on it, and suddenly you are looking at a mortgage that won't be paid until you are 75, if a bank will even loan you money at that age.

Then you just roll it to a hopeful in the next generation with a large life insurance package.

[sk_wheatking]

Farmers LOL! The only business group in the world hoping for a major failure in their industry, otherwise known as a correction. But remember when the big "correction " comes, the one your hoping for, where does that leave your operation and your family. Come on already I know that as a farmer your behind the 8 ball all the time with little to no control over most things involving your commodity but hoping for a crash isn't the answer.

[farmaholic]

Sk-whtking....is the term "reset" more palatable?

I hear you loud and clear otherwise. But we need to keep up to the rest of the Industry too. Unless everyone will have to farm 30 thousand acres on tight margins just to "make a living"! **** it then...

[farmaholic]

Think of it this way then, after the reset...if everyone's piece of the pie stays the same on a percentage basis...what's the point of shrinking the size of the pie?

[grassfarmer]

Agree with everything you wrote except this. Say the average farmers starts at 30 ( assuming, like most of us, we had to go out and make a living first to get enough capital)....

I've always thought that was a flawed model. I started full time at 16 (regular school leaving age in the UK) and never regretted it. Most farmers over there are the same, it's an occupation for the young and fit - the sooner you get into it and learn the ropes the better. Saw lots of "retired from the oilpatch to farm" guys in AB and some of them were worn out physically and most permanently bitter about how they weren't making enough money farming. If there isn't enough money made in a business to bring in and employ a school leaver while they learn the ropes there maybe isn't a business?

[AlbertaFarmer5]

Think of it this way then, after the reset...if everyone's piece of the pie stays the same on a percentage basis...what's the point of shrinking the size of the pie?

Very true, and the same can be said for the trade war. The US will undoubtedly win, and win big, but thw orld wide pie will shrink by so much that they will still be no better off.

I can't wrap my head around so many hoping for their neighbors failure