Tough times ahead for Ag

[Taiga]

All true, add in the Trudeau dollar devaluation and it is a huge hit.

[bigzee]

Talked to a lot of farmers at the crop show and some of the numbers I heard for rent, and most of all land sales blew my mind. In one area there were basically five guys laying their cheque book on the table, guy who can write the most zeros gets the land.
Question I have is “everyone” talks and complains what is happening to our industry, but would you sell given the opportunity?
Some have kids coming up others have the next generation already on the farm.
Do these kids really have an opportunity to make a good living?
I personally think the roller coaster has run out of power and it’s still heading down a real long hill, something is going to have to give it a jolt to get to the next peak.

[furrowtickler]

Agree Cuban , I said the same for a while .
Too many hands in the cookie jar .
There is simply not enough return to supply everyone in Ag a big high paying job and benefits anymore, actually there never was. The Ag industry as a whole and extremely poor Ag politics and vision have left the cupboards bare.
Areas that have struggled the past few years with poor harvests are one thing, add in drastic drop in grades and yields in others due to early frosts and lack of rains and you get even a more dismal picture of reality that some are facing .
One thing to struggle to get a 60-70 bus crop off , but an entirely different situation when yields are 1/2 that and grade discounts take all profits away but still keep just above crop insurance levels .
A lot of “extras” have been cut from this area a while ago.
Basically the risk factor has gone up way too high for a lot of areas to indulge in all the extras.
The past three summers we have had only 4-5 in rain in the growing season followed by early frosts . Don’t make sense to spend an extra dollar than need be to get an average crop cause that’s all you will get with limited untimely rains.

[ajl]

I've said it before, everyone ******* about land prices but that's not the problem. It's the equipment, parts and input prices along with the market's that are in collusion with each other. The price of land has gone up for sure, but it's an asset that's going to be there forever. Who's 9600 or 2188 is still worth what they paid? Part's are absolutely out of control, and inputs should be in line with commodity prices. But, farmers have no choice but to pay the price. You just said it, 70,000 dollar Laramie, that will be in a car crusher in 5 years, and guys think land is overpriced?

Send any and all $70000 Laramies destined for the crusher to my yard. My truck is an 06 Ram diesel with 212000 on the clock. It will be running around for a least another decade and yes land prices are also silly right now and only a function of the governments dedication to manufacturing inflation. Once they can't do that, that price gets reset as well.

[Partners]

For some farmers times are tuff regardless of times.
In the 80's when wht was 8 bucks.
We had many neighbors screw the system and declared bankruptcy.
Inputs were tiny compared to now.
High priced land makes us all worth more at retirement. Or if you need collateral for a loan.
Who wants to be worthless?
Some farmers would he broke even if wht was 10 or more bucks..
Spend within your means..

[bucket]

"""":We had many neighbors screw the system and declared bankruptcy..."""""

Yup and there is a second generation gearing up to do it all again....because the people in the lenders office are rookies....

[Horse]

I had to check twice to see if this is agriville,there hasnt been anything except whine,moan,piss,over how bad ag is !!! Now alls well and everyone is admiting to being very well off.....WOW
And still a liberal gov,,go figure
Sarcasm intended

[FarmJunkie]

Farmers just don’t change. We are doing this all for pennies on the dollar. Don’t plant a crop and see what happens. Trouble is too many took the bait and have no choice but to go row with slaves. Pissing and moaning won’t change a thing til u hit them and I mean all them where it matters most. Keep buying and planting and u feed the beast.

[burnt]

Merle asks the question -

:0

[Oliver88]

"""":We had many neighbors screw the system and declared bankruptcy..."""""

Yup and there is a second generation gearing up to do it all again....because the people in the lenders office are rookies....

Ritchie Bros will be there to help when the party is over for the second time.