What caused our inflation to be 7%?

[Old Cowzilla]

Does that mean that all of us farmers are also in collusion since we have raised our prices so much over the same period of time?
You must go to the same economic school as chuck.
How your energy costs, ER raw material costs, higher CO2 taxes on absolutely everything, how your financing costs, higher labor costs, higher regulatory costs, higher uncertainty with shutdowns and supply chain surprises, had nothing to do with prices going up. It was all about collusion and agreed of business owners of course.
And razor thin profit margins that are acceptable in a stable business environment can be profitably maintained during inflationary volatile unpredictable economic times, when government intervention can sideswipe business plans without notice.

One thing we do know farmers not in collusion ( stabbing each other in back sometimes ) we just got what market would pay at the time. Price takers not makers grain prices had there own toilet paper moment and the party is coming to an end. Buts its quite clear the Westins of the country passed on carbon tax to the public but thats OK cause everbody thinks pretty boy will cut you a check for the difference. Just give me $5 back for that $10 and we will be ok.

[jazz]

Sounds like a little socialist crusade developing in here.

Inflation is a monetary phenomenon, nothing more. Has nothing to do with Putin. Inflation never went above 2% during the 2 Iraq wars. It has to do with money printing being thrown about into non productive areas. More than $7T was printed up in the US. Close to $30T world wide just to keep the flu bug at bay.

Stop blaming corporations, they simply rolled with the idiotic policies. Your local carpenter and coffee shop have marked things up just as high as Weston did.

Everybody knows the way to beat the bank is to own the bank. Buy up Westons and JD shares and ride the gouge if you think thats whats happening.

Or should we vote NDP instead.

[Partners]

Correct Jazz small towns prices have increased since 1 yr ago.
Only thing is they are not very busy now..

[AlbertaFarmer5]

Interesting example you brought up. George Weston Limited had a net profit margin of 5.15%. Compared to the last 10 years when the net profit margin has been closer to 2%.

I would call that razor thin. I certainly wouldn't be taking the risk of seeding a crop for a 2% profit. Or even 5%.

And yes, 5% is a big increase over 2%. And to the mathematically challenged socialists, the profit number looks big. Just like the renewable energy fanatics like to point at the astronomic percent increase of solar, from statistically 0, to any number greater than 0 as some sign of success. Instead of using the actual values.

If you think those profit margins are too high, then I suggest you take Jazz's advice and buy the stock and participate in the windfall.

[TASFarms]

Interesting example you brought up. George Weston Limited had a net profit margin of 5.15%. Compared to the last 10 years when the net profit margin has been closer to 2%.

I would call that razor thin. I certainly wouldn't be taking the risk of seeding a crop for a 2% profit. Or even 5%.

And yes, 5% is a big increase over 2%. And to the mathematically challenged socialists, the profit number looks big. Just like the renewable energy fanatics like to point at the astronomic percent increase of solar, from statistically 0, to any number greater than 0 as some sign of success. Instead of using the actual values.

If you think those profit margins are too high, then I suggest you take Jazz's advice and buy the stock and participate in the windfall.

That 2% profit margin is after all the top bass has sucked out their big wages and bonuses

[Old Cowzilla]

Try and jam $50 in your pocket after buying, feeding, selling grassers 2-3 % pretty dam close.

[tweety]

Interesting example you brought up. George Weston Limited had a net profit margin of 5.15%. Compared to the last 10 years when the net profit margin has been closer to 2%.

I would call that razor thin. I certainly wouldn't be taking the risk of seeding a crop for a 2% profit. Or even 5%.

And yes, 5% is a big increase over 2%. And to the mathematically challenged socialists, the profit number looks big. Just like the renewable energy fanatics like to point at the astronomic percent increase of solar, from statistically 0, to any number greater than 0 as some sign of success. Instead of using the actual values.

If you think those profit margins are too high, then I suggest you take Jazz's advice and buy the stock and participate in the windfall.

And I thought the thread was about "What caused our inflation to be 7%"

Since sharp increase in profits and price increase isn't causing inflation, how about you say what is then?

[AlbertaFarmer5]

And I thought the thread was about "What caused our inflation to be 7%"

Since sharp increase in profits and price increase isn't causing inflation, how about you say what is then?

Now you are just avoiding the topic that you brought up in the first place. You made the patently false claim that as a result of collusion, their profit margins were huge. You denied my claim that they are razor thin. Now when I point out that they were and still are razor thin, you don't have any comeback..

[TSIPP]

Try and jam $50 in your pocket after buying, feeding, selling grassers 2-3 % pretty dam close.

Try and jam $100 bucks in your pocket after feeding a cow for a year and her calf for six months and then sell the calf.

Article in the western seducer say if you make a living with 200 cows you’d make a better living at Tim Hortons.

[TOM4CWB]

Try and jam $100 bucks in your pocket after feeding a cow for a year and her calf for six months and then sell the calf.

Article in the western seducer say if you make a living with 200 cows you’d make a better living at Tim Hortons.

Buttttt....

Think of all the: freedom, fresh air... and fun you would miss raising cattle!!

Just keep those ornery old cows happy... and the bulls locked away in a safe ... with a "Beware of dangerous 1 ton killers" patrolling this farm!

Who has more 'fun' keeping dangerous deadly weapons!

Cheers

P.S. sadly selfish socialist politicians are much more dangerous to the health of Canadians... than the worst poisonous vile constrictor snake... their promises squeeze the life out of us... while drugging us with injections of Liberal tempting hypnotizing deceptions...

Blessings and Salutations... we still farm in the best country hands down on the planet!!!

[TSIPP]

I never broke a bone until I started ranching, the bulls don’t cause trouble it’s the cows that calved recently.

It’s definitely a lifestyle better than city living, 4 hours in the city and it’s time to hit the gravel road.

[tweety]

Now you are just avoiding the topic that you brought up in the first place. You made the patently false claim that as a result of collusion, their profit margins were huge. You denied my claim that they are razor thin. Now when I point out that they were and still are razor thin, you don't have any comeback..

Post evidence that profits are razor thin as opposed to the mountain of evidence you are 100% wrong.

https://fred.stlouisfed.org/series/NFCPATAX

Government numbers, which aren’t adjusted for inflation, were updated on Dec. 22. They show that corporate profits in the quarter ending Sept. 30 tallied $2.7 trillion dollars, the highest level since 1950. Corporate profits in the previous quarter also reached a high as a percentage of gross domestic product.

Yardeni Research, a consulting firm offering financial analysis, in December produced a report on the profit margins of S&P 500 companies. The report shows corporate profit margins at their highest levels since at least 1994.

https://tradingeconomics.com/united-states/corporate-profits

Corporate profits in the United States rose 6.2 percent to a fresh record high of USD 2.53 trillion in the second quarter of 2022, less than previous estimates of a 9.1 percent surge and following a downwardly revised 2.5 percent drop in the previous period. Net cash flow with inventory valuation adjustment, the internal funds available to corporations for investment, rose 4.1 percent to USD 2.95 trillion, while net dividends fell 0.2 percent to USD 1.74 trillion. Meanwhile, undistributed profits skyrocketed 24 percent to USD 0.78 trillion


Your comment comes from the same place that laughs at 1 kg of fuel burnt produces 3 kg of CO2 and calls it liberal magic.

What is the inflation rate?
The inflation rate refers to the extent to which certain products and services experience an increase in price over a set timeframe within an economy. When inflation occurs, consumers need a larger currency to buy the same quantity of the same goods. This indicates a reduction in the value of the nation's currency. Inflation is usually calculated and reported in percentages.

This isn't complicated - many business raised their prices a lot which affected the CPI by an average of 7%. And in the process have achieved record profits and record whining from Agriville.