Sask Gov's request to up CCGA advance

[AlbertaFarmer5]

Price of canola hasn't changed in 5 months. How have you lost money?

Local Pioneer Richardson, Oct 30 closing price on nearest month was 10.50. Yesterday posted closing price was $10.19, buyer said that offers 10.25 or higher than that were being picked up during the day. Hardly the catastrophe everyone is making it out to be.

[Guest]

Price of canola hasn't changed in 5 months. How have you lost money?

Are you f$&king serious ???

[SASKFARMER3]

Alberta what are you not getting.

what’s going on our price should be up with the USA and China problems with soy and trade.

We have a idiot in Ottawa who ****ed up a great end of the season Runup with prices.

But no we are now going to crash and burn this year.

10.19 is piss poor -11.25 150000 for basic math would have been clipped if not sold sooner.

And remainder another 100000.

But farmers aren’t losing anything keep buying fert and seed and chem.

Ah farmers are a stupid breed.

Me myself and I.

Not one strong industry

Let’s give us more loans

[AlbertaFarmer5]

I didn't take the cash advance this year, and wasn't planning to, no canola sold or priced, just started pricing other grains. Prepared to keep the canola for a year or 2 if necessary, which would require building more bins. So, I could use the cash advance to build bins, and pay it back when selling the grain in them eventually. Except somehow need to roll the cash advance into the next year by paying it off then reapplying. And if the grain is still in the bins, then repaying without receipts results in interest penalties. No point in taking an interest free loan if I have to pay interest anyways if this issue isn't resolved by the end of September. So, what I would rather see is an extension to the deadline for repayment for grain in storage, until this issue(s) are resolved. The program works good if you sell grain within the year, but some of us are willing to store grain for multiple crop years to get a better price, and it is not at all useful for that.

[AlbertaFarmer5]

Alberta what are you not getting.

what’s going on our price should be up with the USA and China problems with soy and trade.

Yes, seasonally, we should be seeing stronger prices from here on out as compared to the harvest glut. And we should have been taking advantage of the US trade issues by filling in the gaps. But to listen to everyone on here whining, one would have thought that we were multiple dollars lower than before this all started, and getting worse by the day.

[TASFarms]

One should be able to get the same price for canola as this time last year if not higher. We need a US of A ag program

[wd9]

I got 11.25 on well over a 100000 bus before the shit show. Its what now.

You have no clue do you

Wow, you lost a buck. Is it really that hard to believe the price will go up or down by 10%? Thanks for posting the facts AlbertaFarmer, at least there is one other person who sees this as a business, not an entitlement.

If over the last few years of exceptional prices and yields you haven't been paying off debt and lowering your cost of production, how do you expect to survive coming into a potentially extremely lean cycle? Like the oil industry, did you expect the curve only to head straight up?

[wd9]

One should be able to get the same price for canola as this time last year if not higher. We need a US of A ag program

Why? This isn't supply management.

[Guest]

Why? This isn't supply management.

I got $13 for canola in 83 , cost us $90/ac to grow
Now it costs us $400/ac , yea its all good and $10 now is worth what $3 was then
Can tell which side of the parasitic feeding you are on
Some leaches have no idea , driving their new company truck with all expenses paid
Make no mistake the party is over , and everyone knows they cant expect the farmer to tighten his belt anymore for fear of killing him
So guess what , the belt tightening is gonna be in the leach section this time
Enjoy

[wd9]

I got $13 for canola in 83 , cost us $90/ac to grow
Now it costs us $400/ac , yea its all good and $10 now is worth what $3 was then
Can tell which side of the parasitic feeding you are on
Some leaches have no idea , driving their new company truck with all expenses paid
Make no mistake the party is over , and everyone knows they cant expect the farmer to tighten his belt anymore for fear of killing him
So guess what , the belt tightening is gonna be in the leach section this time
Enjoy

Wait till other countries really start coming on line and producing. The pain is only just beginning, you're going to have to figure it out one way or another.

Really, you can tell which side I'm on? It's good to be on the reality of business side today, not wishing its 1983

[Guest]

Wait till other countries really start coming on line and producing. The pain is only just beginning, you're going to have to figure it out one way or another.

Really, you can tell which side I'm on? It's good to be on the reality of business side today, not wishing its 1983

Couldnt care less. Wont have to do this much longer . Anyone that thinks prices should be less than 83 is delusional. Good luck to you though

[wd9]

Couldnt care less. Wont have to do this much longer . Anyone that thinks prices should be less than 83 is delusional. Good luck to you though

How does what we think the price should be actually allow us to set the price? Why not then just set the price to 15$ a bushel? Don't you think that maybe that is the delusional part?

[Guest]

How does what we think the price should be actually allow us to set the price? Why not then just set the price to 15$ a bushel? Don't you think that maybe that is the delusional part?

Like i said couldnt care less
Price probably should be that , for the risk and work incurred , not sure how that is delusional
But if iwas a parasite living off of farmers , i would be very , very worried for whats coming

[farmaholic]

How does what we think the price should be actually allow us to set the price? Why not then just set the price to 15$ a bushel? Don't you think that maybe that is the delusional part?

Oddly enough thats how most other businesses are allowed to operate. They have more control in setting their price of their products. Not absolute control but more control.

The wrong points are being argued about. The problem is "why" the prices are where they're at now, that is the problem here.

[jazz]

Guys WD is right, although a little coarse in his opinion. I bet dollars to donuts china isn't coming back to thus market like they have been. The numbers don't support it from their hog problems to slowing economy to potentially new exclusive deal with trump. Add in the threat mentioned from much lower 3rd world production costs and our system will need a radical overhaul. Our COP has to come down. There is no way to out yield or out grocery this problem or spread costs over a larger land base.