Canola markets

[WiltonRanch]

Could see investors liquidating. $100/ac land rent don’t pencil on 25 bu wheat. Imagine these guys will still turn $100 grand a quarter. Imagine that crappy land that large land baron owns and expects $80 might need to take a haircut. Some areas even here if it gets back to dry like the 90’s will need to go back to fallow and poor land seeded back to grass. Doesn’t matter how good of iron or fancy agronomics you employ if soil moisture reserves are spent it don’t grow. I was fortunate to start my career in the midst of the worst dry period this farm has had in 115 years. Some of these younger guys around haven’t seen it or forget it. Only way you get by is cut costs and fallow some. Tough getting landlords to see it though. In 2002 the only crops harvested were on fallow. Right now we have plenty of subsoil moisture and crops holding on with sparse showers. If there is no recharge before next crop this area will be same boat as the rest of the province. There’s a world of hurt coming.

[helmsdale]

Some of these younger guys around haven’t seen it or forget it. Only way you get by is cut costs and fallow some. Tough getting landlords to see it though.

There’s a world of hurt coming.

Was a couple years ago that a few guys younger than me had themselves believing that they would never harvest less than 20bu/ac durum ever again! Farming was WAY different! Min Till, Fertilizer, Snake Oil, Agronomists on call, etc etc.

She'll be two years running now that they combine less than 10.

Gonna be more than a few wondering whether their ass is being punched or bored this winter.