RBA saskatoon

[SASKFARMER3]

W9 is So full of shit.

Canola is down over a dollar since my high.

Peas are down.

Feed barley down

Wheat down.

I guess if you smoke dope like Trudeau life us but a dream.

Reality sucks.

From a my refinancing side shinny doesn’t mean they are doing good . Usually that guy is so leveraged it’s not funny.

Also next time you guys go to your banker ask what they have as real security. It’s everything down to your youngest kid if you have a blanket loan agreement or opp line. And they love companies.

[samhill]

Well,https://www.macrotrends.net/2534/wheat-prices-historical-chart-data, in US dollars

Farmings always been up and down, started in ‘68, wiped out in ‘81, back in about 2014 for a bit.

Was like that before me, and can happen again.

[helmach]

Maybe go back to farming like it used to be. Not being suckered for every input imaginable. You're certainly going to go broke spraying twice.

And BTW, crop prices haven't fallen and normal inputs have actually dropped. Way more generics today then 5 years ago.

umm let me know where you are shopping for inputs. By my budget and price shopping every input to grow a crop is up and not by a little. but hey peasants dont mind working for free right

[fjlip]

Been this way for my 50 years active farming, in the long term all is good, but lots of disaster years in there too. Just plodding along....never been better, but WHEN to pull the pin?

[the big wheel]

umm let me know where you are shopping for inputs. By my budget and price shopping every input to grow a crop is up and not by a little. but hey peasants dont mind working for free right

That’s for sure. And as far as generics haven’t had a very good success rate with them as far as working. Not sure if they skimp on the additives or what but seems to be conditions have to be perfect or they just don’t do the job the over priced ones do and that’s not saying they work great all the time either but at least you have an argument. With Generics deal is over once your off the lot.

[wd9]

Bucket, when did farming become fixed income or like welfare? I'm pretty sure its still a business. Maybe not in the minds of many today, but that has a way of sorting itself out.

[hobbyfrmr]

Maybe for those who plod along on their families "paid for" land base.

IMO, it is not equipment that is over capitalizing farmers, its land.

Land purchase was once described to me as an income tax tool. You pay mortgage interest or you pay income tax.
I have not followed this advice, possibly to my detriment. Time will tell.

[farmaholic]

Land purchase was once described to me as an income tax tool. You pay mortgage interest or you pay income tax.
I have not followed this advice, possibly to my detriment. Time will tell.

Hobby...you can earn alot of net incorporated income before you have to pay in the next tier. So for many people "buying or paying" for tax write offs doesn't make sense when you will be saving less than 15 cents of every dollar you spend on a tax write off.

Buy it because you need it, not to avoid a modest tax bill.

Probably can't grow a business(land) faster than with tax paid incorporated dollars....but you will pay the piper later if you sell it. Nothing is free.

Edit in; it all has to be "managed".

[bucket]

If the government was better with taxpayers money it wouldn't bother me to pay taxes.....

But to listen to this group talk about climate change while jetsetting. ....is annoying. ...

[hobbyfrmr]

Well,https://www.macrotrends.net/2534/wheat-prices-historical-chart-data, in US dollars

Farmings always been up and down, started in ‘68, wiped out in ‘81, back in about 2014 for a bit.

Was like that before me, and can happen again.

Interesting graph. I recall somewhere around 1993(?)the neighborhood always criticized one of my immediate neighbors for his farming practices. Kind of a seed late, leave half over winter, combine in spring, seed late pattern.
Everyone else did differently, harvest in fall, waited for the wheat board to call contracts and rail cars etc.
It was May, most guys were out in the field, my neighbor was combining his wheat, delivering straight to the elevator and selling it for $6.00/bushel open market. Same as #1 with protein. The others were pretty choked about this activity!
This fellow did not farm too much longer, rented out his land and went on to be a heavy equipment mechanic. Works for Suncor in Ft. McMoney. He bought duplex in Ft.Mac. He still lives next door when home. We have an annual drink. A few years back he told me that he never made so much easy money in his life!
Everybody has their own way.