End of commodity boom real reason for national anger

[blackpowder]

https://business.financialpost.com/opinion/gwyn-morgan-trudeau-has-turned-our-most-economically-important-industry-into-a-pariah-a-tragedy-every-canadian-should-be-concerned-about

Didn't want to cut and paste.
Link to an article that explains it as well.

[Guest]

Hmmm , 70% of western Canada not in that position. I would bet $100 you never seen one bushel that was a #1 or 2 .
Lots of down graded wheat .... that don’t pay bills.
They market still refuses to pay for good quality, that’s the problem.

even our #1 wheat we carried over isn't a #1 or #2 now

[grassfarmer]

Drove 6 hours yesterday! huge piles of wet wheat on ground everywhere!!!...

Piles of wheat in the fields around here too, unfortunately most is plastered to the ground, unharvested. Will you still be wanting your end point royalty on that stuff TOM even if it gets burnt in the spring?

[blackpowder]

Unfortunately, I can't afford to carry over grain.

[furrowtickler]

Unfortunately, I can't afford to carry over grain.

I know very very few that can , this year or any year . And I know a whole lot of farms in this 60 mile radius...
in fact maybe less than 5 % if the farms can remotely afford to “carry over” any grain / oilseeds from year to year . The very few are close to retirement at best . But maybe that’s just this area .... no extra oil revenues or super duper yields . Maybe this area is an oddity

[Oliver88]

I heard a story of a farmer near us who left wet wheat on truck for it to dry. Yep, the truck burnt. Think insurance covers it?

I would assume so.

I wonder how tough the wheat was?

[sumdumguy]

Story is 19-20%. Probably greenish. 🤢

[chuckChuck]

chuckChuck . . . China's commodity boom lasted between 2008 to 2012 . . . it's been all downhill since then.

China's growth was skyrocketing around 14% annually in their heyday. Now China's growth is likely around 5%. China basically consumes 50% or more of global commodities. China's 2008 Olympics were their 'coming out party'. Inflation in commodities was brisk, times were good. That has now all changed . . . .

Thanks Errol. I appreciate your perspective.

[bucket]

chuckChuck . . . China's commodity boom lasted between 2008 to 2012 . . . it's been all downhill since then.

China's growth was skyrocketing around 14% annually in their heyday. Now China's growth is likely around 5%. China basically consumes 50% or more of global commodities. China's 2008 Olympics were their 'coming out party'. Inflation in commodities was brisk, times were good. That has now all changed . . . .

There is no reason Canada shouldn't be infilling markets caused by the drought in Australia....and there is no excuse given current ocean rates that Russia and the FSU are eating our lunch ...other than lack of a competent leader in this country and someone with vision and an understanding of how Canada fell behind....

Give us the sky is falling every day Errol and advise people of such.....there is a reason that vision lacks in this country....people with their head down have short vision of their feet....and they typically trip over dollars while looking for nickels....

[sawfly1]

We were due for this.
We had a good run , but our competition got their act together
While , we fiddled.

Not just Trudeau.,Harper sat on his ass too. Pipelines or Railroads. Nothing was done.

The only benefit of that
Lack of infrastructure,
Was there was so much money being
Made handling grain .
We had the mad rush building
Terminals.

There will be ups and downs in
Prices and demand.
But as a country , just like a
Farm , be ready.and Keep your costs in line.
So much for that one,
When 4 1/2 lb..s of seed cost as much as the land it is growing on.
( and this is just the beginning of seed control)

At least with the landlord
When things go to hell, the price will come down.
Good luck with that happening with 3 companies
Setting the price for seed.