Yet another very well established farm in this area calling it quits .
After a bad harvest last year and a huge amount of frozen degraded crop again this year , they are pulling the pin.
It’s getting ridiculous that you absolutely need at least an average crop of top grade just to be lucky enough to make a buck or two .
It does not take very long to go backwards when everyone in the Ag industry and landlords are making more money per acre than the farmer that takes all the financial risk .
I know this guy well and he has ran a very good farm for a very long time. This kind of thing should raise eyebrows in the industry but it won’t. Yes the odd farm was overextended, but in many cases that’s not the fact anymore. The industry believes everyone grows 80 bus top quality wheat and 60 bus canola and money always flows .... well time will tell, but there will be many more after this harvest gets wrapped up and guys look at the numbers .
Crop prices are terrible when looking at current expenses even on the leanest of farms. Then throw in feed grains and or sample canola with lower prices yet . These current tariffs and lack of leadership to deal with them are the final straw for some guys now. The numbers simply do not work when you make less than every one else up the food chain. And no crop insurance and other band aid programs won’t help in situations like this .
50 bus / ac feed wheat is a money loser on 90% of the farms now . Last year prices held up ok , but that little profit is now wiped out.
The margin for error has become way way to thin , throw in an uncontrolled weather hit and it don’t matter how much fertility you use , professional agronomist advice , fungicides, precision farming, fancy over expensive seed treatments, really any of that means zero when the crop is hit with frost , snow rain or lack of rain at critical times ..... there is only one loser , the farmer who takes all the risk.
And some guys now even after 80 plus years are looking at their wealth getting demolished and are pulling the pin before they lose everything.
Sad to see .
Yes it’s happened before in many areas but this one may be more widespread than many in the industry believe. Time will tell.
But hey 👋, fertilizer prices are up as well as other inputs for next year ðŸ‘ðŸ‘. No problem, just sign here and they will increase your credit and your good to go lol .
We were fortunate enough here to keep our head above water again but working for Walmart wages while everyone else in the industry is living it up is getting old fast .
Farming as a lifestyle don’t pay bills anymore let alone try to raise raise a family . For some the stress is simply not worth it anymore.
After a bad harvest last year and a huge amount of frozen degraded crop again this year , they are pulling the pin.
It’s getting ridiculous that you absolutely need at least an average crop of top grade just to be lucky enough to make a buck or two .
It does not take very long to go backwards when everyone in the Ag industry and landlords are making more money per acre than the farmer that takes all the financial risk .
I know this guy well and he has ran a very good farm for a very long time. This kind of thing should raise eyebrows in the industry but it won’t. Yes the odd farm was overextended, but in many cases that’s not the fact anymore. The industry believes everyone grows 80 bus top quality wheat and 60 bus canola and money always flows .... well time will tell, but there will be many more after this harvest gets wrapped up and guys look at the numbers .
Crop prices are terrible when looking at current expenses even on the leanest of farms. Then throw in feed grains and or sample canola with lower prices yet . These current tariffs and lack of leadership to deal with them are the final straw for some guys now. The numbers simply do not work when you make less than every one else up the food chain. And no crop insurance and other band aid programs won’t help in situations like this .
50 bus / ac feed wheat is a money loser on 90% of the farms now . Last year prices held up ok , but that little profit is now wiped out.
The margin for error has become way way to thin , throw in an uncontrolled weather hit and it don’t matter how much fertility you use , professional agronomist advice , fungicides, precision farming, fancy over expensive seed treatments, really any of that means zero when the crop is hit with frost , snow rain or lack of rain at critical times ..... there is only one loser , the farmer who takes all the risk.
And some guys now even after 80 plus years are looking at their wealth getting demolished and are pulling the pin before they lose everything.
Sad to see .
Yes it’s happened before in many areas but this one may be more widespread than many in the industry believe. Time will tell.
But hey 👋, fertilizer prices are up as well as other inputs for next year ðŸ‘ðŸ‘. No problem, just sign here and they will increase your credit and your good to go lol .
We were fortunate enough here to keep our head above water again but working for Walmart wages while everyone else in the industry is living it up is getting old fast .
Farming as a lifestyle don’t pay bills anymore let alone try to raise raise a family . For some the stress is simply not worth it anymore.
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