If commodity prices and the drought holds... a question.

[bucket]

How much will 2022 cost the province for crop insurance. They are getting off easy considering the increase in prices since June.

Farmers will probably go to 80 percent coverage no matter the cost if there isn't substantial moisture.

Thoughts, I think this qualifies as marketing , maybe?

[4GFarms]

If commodity prices fall and the drought stays there won’t be anybody left standing to wait long enough to collect from scic. The way guys are going here I think they already have a crop grown for 2022 before the seeds even hit the dirt. Was just told from one of my retails they are not giving out fertilizer prices as they can’t get any prices from their suppliers. I am thinking I should have filled up. Going to be a long year if fertilizer is high or in short supply come next spring.

[farming101]

$2,636,444,000 due from the General Revenue fund.

10,387,691 acres of canola insured

Just canola might take at least half of that. Back of the envelope figuring...

[TOM4CWB]

How much will 2022 cost the province for crop insurance. They are getting off easy considering the increase in prices since June.

Farmers will probably go to 80 percent coverage no matter the cost if there isn't substantial moisture.

Thoughts, I think this qualifies as marketing , maybe?

In Alberta the crop insurance price pays is the average daily price paid by the spot market in October 2021.

Called the variable price benefit; All insured are covered by this automatically in Alberta in crop ins.

Seems like little pricing pressure because few need to price grain as harvest wraps up and bin doors get padlocked with memories of spring 21 prices... plus no rain... eerie to watch... good to see BC get big rains...yet flooding?

[jazz]

bucket I think you and others are correlating these crop prices too much with weather and fundamentals.

Speculative money, money printing, inflation and supply disruptions are a big part of it. And I worry all that could roll over pretty fast. The whole world is floating on a sea of liquidity.

[furrowtickler]

They can pay up
The vast majority in Sask have paid crop insurance premiums for 20 years and never barely used it
20 years of premiums should cover this easily
As for next year , who know what will happen

[bucket]

bucket I think you and others are correlating these crop prices too much with weather and fundamentals.

Speculative money, money printing, inflation and supply disruptions are a big part of it. And I worry all that could roll over pretty fast. The whole world is floating on a sea of liquidity.

19 dollar durum for J/F/M 2022. New crop wheat is 8.50. But like the elevator guy said...who is going to sign without rain????

[6V53]

Summer fallow is a form of crop insurance that has worked in the past. People might have to start thinking out of the box.

[Herc]

Summer fallow is a form of crop insurance that has worked in the past. People might have to start thinking out of the box.

The roundup needed for that will bankrupt a guy…..

[TASFarms]

Summer fallow is a form of crop insurance that has worked in the past. People might have to start thinking out of the box.

My chemfallow barley made 30bushels/ acre. Barley seeded on canola stubble is Touching 40. Chemfallow is good for ? Soil needs cover.

[6V53]

The roundup needed for that will bankrupt a guy…..

Seed with diskers or air seeder with shovels no need for the roundup.

[jazz]

Seed with diskers or air seeder with shovels no need for the roundup.

But you need 3 passes of glyphosate in the fallow season to keep that in check. But $30 per acre in 3 passes of burnoff versus $120 acre in fertilizer.

We have a nice little cover crop experiment coming this fall in our lentils. Second crop coming thick. I am letting it go.

[biglentil]

But you need 3 passes of glyphosate in the fallow season to keep that in check. But $30 per acre in 3 passes of burnoff versus $120 acre in fertilizer.

We have a nice little cover crop experiment coming this fall in our lentils. Second crop coming thick. I am letting it go.

Nice nodulation too, but thistles need to get a drink.

[furrowtickler]

The roundup needed for that will bankrupt a guy…..

Along with fuel and depreciation for equipment.

[LEP]

Along with fuel and depreciation for equipment.

Yes overhead is paid by fewer acres.

My neighbor has been a religious 50/50 guy. He now has group 9 and 4 resistant kochia. He’s even spraying liberty atleast one pass. In crop and chemfallow are a mess.

Tillage will likely be his next option.