Canola like Gold!

[bucket]

1974, $9+ price with inflation was over $15/bu today. Those were the good old days...yoyo prices since then. just a bit TOO much food/grains on earth makes prices ROBBERY from peasants. A good crop anywhere dumbs down all prices, a poor crop is ignored. Oh right trade makes $$$$ when FUTURES go up AND down. Expect same till you are done, good luck, Enjoy

Adjusted for inflation, $9.00 in 1974 is equal to $50.06 in 2020.

[furrowtickler]

This sucks , we were waiting to see how much actual hail damage was on all our canola before locking in any pricing . Of course they just showed up today ...... phuck
I agree whoever wrote that article needs a straight jacket , idiots

[fjlip]

Adjusted for inflation, $9.00 in 1974 is equal to $50.06 in 2020.

Okay...so our purchasing power is 1/5 of that in 1974. What are costs compared to that? New truck was $3-4000, X 5= 20,000? JD 4430 NEW was $14000 X 5=$70,000.

[MBgrower]

Nee to buy a few JD X9's and rent more land, unfortunately that is the economic model for grain farming.

[SASKFARMER]

So basically everyone else makes money off farmers except farmers.

I sold spring thrashed HRS for more than a #1 15.2 protein wheat today.

The new auger is 50000 yep that makes so much sense.

[farming101]

Is that 90% of the Vancouver selling price? Or what % of Van price is it?

86 or 87 % would be my guess

[jazz]

The new auger is 50000 yep that makes so much sense.

That's worth more than my combine. I bought a quarter of land in 2002 for $75k.