Straight Up Gouging

[errolanderson]

Entirely right Jazz, this isn’t inflation, it’s gouging.

Many assets will collapse or have begun to collapse. It really doesn’t matter what central bankers do, gouging will solve itself. Demand destruction has already begun,”.As Elon Musk just stated; We will see a rash of bankruptcies. Central banks have propped up many companies that shouldn’t exist. He’s right . . . . Words not quite right, but get the idea.

The recession markets have already entered may be far deeper than either 2000 or 2008. Commodities will also be impacted, even crude oil. Crude has a long ways down, when this ship cracks.

Talk that inflation is here to say just me makes me chuckle . . . .

[furrowtickler]

Just waiting for the chem reps to be out telling us we must spray fungicides 4-6 times , ohhh and due to “shortages” it’s triple over last year “ Gotta protect that $20 canola” …. Lol .
With no subsoil and missing this last system, one 10-14 day stretch of hot weather without rain and not fungicide on earth will pay

[dmlfarmer]

Entirely right Jazz, this isn’t inflation, it’s gouging.

Many assets will collapse or have begun to collapse. It really doesn’t matter what central bankers do, gouging will solve itself. Demand destruction has already begun,”.As Elon Musk just stated; We will see a rash of bankruptcies. Central banks have propped up many companies that shouldn’t exist. He’s right . . . . Words not quite right, but get the idea.

The recession markets have already entered may be far deeper than either 2000 or 2008. Commodities will also be impacted, even crude oil. Crude has a long ways down, when this ship cracks.

Talk that inflation is here to say just me makes me chuckle . . . .

When is it gouging, and when is it simply free market/supply and demand? Where is the line? Are farmers gouging with the current high crop prices? As a percentage basis the prices we are getting are roughly the same ratio as fertilizer and other inputs.

And do we really want someone telling us the maximum we can sell our crops for? Because if you feel fertilizer prices should be controlled how can you argue against no controls of food prices right back to farm gate?

And it is really easy to cry gouging, but there is a major war happening where components of many products are mined, found. China is still locked down from covid and production and processing of materials/products/parts we need is stalled. There are shipping/port constraints around the world due to many issues. Supply lines are broken. And everyone of these issues add costs to the system.

High prices will cure high prices. New supply'suppliers are found. Replacement products are developed. That is how capitalism works. Or is capitalism/freemarket no longer supported by agriville.

[helmsdale]

I do not personally know a single farmer who:
1) put down exactly the same pre-seed cocktail as they usually do. Lots of reduced rates, and substituted chemistries.

2) put down as much fertilizer as they did last year. Lots put down the same $/ac as they normally would have, some were even well below their traditional $/ac spend.

Things could certainly be different in higher production areas, but I have no doubt that the market did exactly what the higher prices were intending to do...

[WiltonRanch]

I do not personally know a single farmer who:
1) put down exactly the same pre-seed cocktail as they usually do. Lots of reduced rates, and substituted chemistries.

2) put down as much fertilizer as they did last year. Lots put down the same $/ac as they normally would have, some were even well below their traditional $/ac spend.

Things could certainly be different in higher production areas, but I have no doubt that the market did exactly what the higher prices were intending to do...

Especially if you’re going in dry. Not enough lube.

[bucket]

In this area you can tell by the emerging crop the groceries are lacking. But that is not to say the groceries are not still there from last year and IF it rains there might be a chance of an average crop.

But if you are drier than last year at this time and the rains are missing , there is a good chance the writing is on the wall.

[helmsdale]

In this area you can tell by the emerging crop the groceries are lacking. But that is not to say the groceries are not still there from last year and IF it rains there might be a chance of an average crop.

But if you are drier than last year at this time and the rains are missing , there is a good chance the writing is on the wall.

Indeed.

Latest model runs show SE Alberta, and alot of WC and SW Saskatchewan being dry through June 8th and some going out to the 12th. I do not know if I can make it that long.

Bone dry subsoil, minimum winter snow pack, and 1/2" of useable moisture since the beginning of March is going to start hurting here VERY soon!

And yet here I am still scratching a crop in. I waited on oilseeds(mustard) hoping for drew's "rain train"... I even corked the fuel tanks in anticipation of harvest. If therain train doesnt materialize, it's going to quickly become the "pain train"!

Just another year, "Livin' The Dream"™️

[Guest]

When is it gouging, and when is it simply free market/supply and demand? Where is the line? Are farmers gouging with the current high crop prices? As a percentage basis the prices we are getting are roughly the same ratio as fertilizer and other inputs.

And do we really want someone telling us the maximum we can sell our crops for? Because if you feel fertilizer prices should be controlled how can you argue against no controls of food prices right back to farm gate?

And it is really easy to cry gouging, but there is a major war happening where components of many products are mined, found. China is still locked down from covid and production and processing of materials/products/parts we need is stalled. There are shipping/port constraints around the world due to many issues. Supply lines are broken. And everyone of these issues add costs to the system.

High prices will cure high prices. New supply'suppliers are found. Replacement products are developed. That is how capitalism works. Or is capitalism/freemarket no longer supported by agriville.

Actually, can’t argue with that
As long as one has had a crop

[jazz]

Actually, can’t argue with that

DML forgets ones thing, the market and supply demand fundamentals and supply chains were shattered with the covid insanity and the insane money printing. That was a socialist intervention into capitalism on a massive scale. Old playbook is out the window. You dont just find a new fertilizer plant overnight.

Govts blocking our main feedstock, oil, into the economic engine.

Last time I checked, no farmer set his price for the market.

And as I said before, reversion to the mean can be a nasty ride and it doesnt all happen at once.

Did you notice the labour shortage in the western economies now. Less people wanting to work after getting a taste of the printer.

[cropgrower]

When is it gouging, and when is it simply free market/supply and demand? Where is the line? Are farmers gouging with the current high crop prices? As a percentage basis the prices we are getting are roughly the same ratio as fertilizer and other inputs.

And do we really want someone telling us the maximum we can sell our crops for? Because if you feel fertilizer prices should be controlled how can you argue against no controls of food prices right back to farm gate?

And it is really easy to cry gouging, but there is a major war happening where components of many products are mined, found. China is still locked down from covid and production and processing of materials/products/parts we need is stalled. There are shipping/port constraints around the world due to many issues. Supply lines are broken. And everyone of these issues add costs to the system.

High prices will cure high prices. New supply'suppliers are found. Replacement products are developed. That is how capitalism works. Or is capitalism/freemarket no longer supported by agriville.

its no longer capitalism when the gorvenment starts throwing money around to some companies and shutting down others , and printing money like it just falls out of the sky