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Machinery and land prices....down?

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    #16
    Just not as many kids to take over family operation ( if any ? ) so business sold to new citizens. Mileage charges on gravel getting steep as small town ops shut down.

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      #17
      Ordered a mfwd tractor for spring, cost 2.4x what I paid for the 2015 tractor it is replacing.
      Also ordered a Legacy tridem, cost what the Legacy super B cost in 2021. Will come with Chinese tires too.
      Hutts are on a land buying spree here driving prices up.
      Last edited by Taiga; Jul 23, 2023, 08:12.

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        #18
        Originally posted by Taiga View Post
        Ordered a mfwd tractor for spring, cost 2.4x what I paid for the 2015 tractor it is replacing.
        Also ordered a Legacy tridem, cost what the Legacy super B cost in 2021. Will come with Chinese tires too.
        Hutts are on a land buying spree here driving prices up.
        Monnette still buying everything they can regardless that 2/3 rds of their crop is basically toast again

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          #19
          Originally posted by goalieguy847 View Post
          Why were there 2x2022 x9s at an auction? Lemons?
          I know ( due to inquring) about a couple of the yellow combines and a few came from a dealership and they were all " required too much to fix" so dealership just sent them to get sold.
          Pretty cheesy how combine and pickup get split... land in our area ( north edmonton) is still sky high and isnt coming down anytime soon...
          Redhead dumped the X9s from the Monette Kamsack deal.

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            #20
            Originally posted by furrowtickler View Post
            Monnette still buying everything they can regardless that 2/3 rds of their crop is basically toast again
            They must have told their Chinese backers a good story to keep them sucked in

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              #21
              Originally posted by furrowtickler View Post
              Monnette still buying everything they can regardless that 2/3 rds of their crop is basically toast again
              Is this going to once again prove the adage that something that cannot go on forever will stop?
              It's not profitable on its own, then at some point investors will run out of patience. I doubt there are any bigger fish willing or able to swallow that when it comes back on the market. Might be opportunities for smaller players to get a foot in the door.
              Can land inflation alone keep it afloat? I might work on paper, but it doesn't pay the bills.
              Last edited by AlbertaFarmer5; Jul 23, 2023, 12:18.

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                #22
                Originally posted by WiltonRanch View Post
                They must have told their Chinese backers a good story to keep them sucked in
                Not sure , but definitely seems to be endless money involved from somewhere
                Funny how the ex CWB worshippers like chuck cry about their family farm neighbours “big trucks, machinery and boats” and yet say nothing about these mega farms swallowing up everything in sight .
                Being so petty must be a tiresome job .
                Monnette way over 300,000 ac now , contributes zero to any local community economy they farm around , but any free market family farm is the problem in their eyes …. and the fed governments agenda .
                Yet that who is and has been responsible for the vast majority of wealth creation to most rural communities in western canada outside of oil for over 50 years .
                It’s hard to understand the constant attacks on the family farms from so many angles when one sees what’s actually going on
                Last edited by furrowtickler; Jul 23, 2023, 10:41.

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                  #23
                  Originally posted by AlbertaFarmer5 View Post
                  Is this going to once again prove the adage that something that cannot go on forever will stop?
                  It's not profitable on its own, then at some point investors will run out of patience. I don't there are any bigger fish willing or able to swallow that when it comes back on the market.
                  Can land inflation alone keep it afloat? I might work on paper, but it doesn't pay the bills.
                  Good point , there must be an end game at some time ??
                  Monnette pushed up land values $1000 / ac when they rolled in last year . None of that is sustainable any any point now .

                  Comment


                    #24
                    Originally posted by furrowtickler View Post
                    Not sure , but definitely seems to be endless money involved from somewhere
                    Funny how the ex CWB worshippers like chuck cry about their family farm neighbours “big trucks, machinery and boats” and yet say nothing about these mega farms swallowing up everything in sight .
                    Being so petty must be a tiresome job .
                    Monnette way over 300,000 ac now , contributes zero to any local community economy they farm around , but any free market family farm is the problem in their eyes …. and the fed governments agenda .
                    Yet that who is and has been responsible for the vast majority of wealth creation to most rural communities in western canada outside of oil .
                    It’s hard to understand the constant attacks on the family farms from so many angles when one sees what’s actually going on
                    Maybe because one of their tightest buddies and cheerleaders is a former NDP leader. Then it’s ok.

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                      #25
                      Originally posted by Goodtime View Post
                      Redhead dumped the X9s from the Monette Kamsack deal.
                      And yet they got $150k more than what the original buyer paid for them X9’s…..

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                        #26
                        Originally posted by furrowtickler View Post
                        Not sure , but definitely seems to be endless money involved from somewhere
                        Funny how the ex CWB worshippers like chuck cry about their family farm neighbours “big trucks, machinery and boats” and yet say nothing about these mega farms swallowing up everything in sight .
                        Being so petty must be a tiresome job .
                        Monnette way over 300,000 ac now , contributes zero to any local community economy they farm around , but any free market family farm is the problem in their eyes …. and the fed governments agenda .
                        Yet that who is and has been responsible for the vast majority of wealth creation to most rural communities in western canada outside of oil for over 50 years .
                        It’s hard to understand the constant attacks on the family farms from so many angles when one sees what’s actually going on
                        If you are less than 5000 acres , you are considered a dinosaur , by almost everyone.

                        Except your neighbour that enjoys having a coffee and farms the same amount . Knows that each other can count on help with a phone call. And know where you are.

                        You will see an accelerated consolidation far greater than the 70 and 80s in the next 5 years.

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                          #27
                          Originally posted by bucket View Post
                          If you are less than 5000 acres , you are considered a dinosaur , by almost everyone.

                          Except your neighbour that enjoys having a coffee and farms the same amount . Knows that each other can count on help with a phone call. And know where you are.

                          You will see an accelerated consolidation far greater than the 70 and 80s in the next 5 years.
                          Unfortunately and fortunately you are very right
                          Actually in my area now if you are under 10,000 ac you’re literally a no body in the “ag scene” , but that’s ok for most of us .
                          The trick going forward will be to hang on to what we have now .

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                            #28
                            None of this makes sense to me.
                            I was shopping for a combine last winter at the local Redhead dealership.
                            One year old 9250’s were out of my budget at 725,000. They did have a 2018 9240 on tracks for 525,000 so I looked at it but decided it did not suit my needs. Sales man left my house and said on the way out he would find me a combine in my price range and left. Never heard from him since that day.
                            Auction day comes and Redhead has some combines in it.
                            The one year old 9250’s bring about 480.000 and the very same 9240 on tracks they tried to sell me they get 285,000.

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                              #29
                              Originally posted by seldomseen View Post
                              None of this makes sense to me.
                              I was shopping for a combine last winter at the local Redhead dealership.
                              One year old 9250’s were out of my budget at 725,000. They did have a 2018 9240 on tracks for 525,000 so I looked at it but decided it did not suit my needs. Sales man left my house and said on the way out he would find me a combine in my price range and left. Never heard from him since that day.
                              Auction day comes and Redhead has some combines in it.
                              The one year old 9250’s bring about 480.000 and the very same 9240 on tracks they tried to sell me they get 285,000.
                              Yup , dealers refuse to give the farmer looking at one piece of equipment any remote kinda of deal … they are all the same now .
                              They could care less , only about multiple deals now .
                              Yet they will take a bath at auctions, your right it makes zero sense what’s going on the past 3 years at least

                              Comment


                                #30
                                Originally posted by seldomseen View Post
                                None of this makes sense to me.
                                I was shopping for a combine last winter at the local Redhead dealership.
                                One year old 9250’s were out of my budget at 725,000. They did have a 2018 9240 on tracks for 525,000 so I looked at it but decided it did not suit my needs. Sales man left my house and said on the way out he would find me a combine in my price range and left. Never heard from him since that day.
                                Auction day comes and Redhead has some combines in it.
                                The one year old 9250’s bring about 480.000 and the very same 9240 on tracks they tried to sell me they get 285,000.
                                It's very simple to make sense of it, the term is "whatever the market will bear". When the free Covid money came timed with a grain price run up hit, a lot of "found money" showed up, people wanted to buy that which had been deferred for years and were willing to pay crazy amounts to get it. For some they spent way more than the windfall and piled on the debt. Human nature.

                                I have seen the cheapest guys build their dream bin yard and grain dryer system and pay way more than they would have 10 years ago.

                                For some the big drought, the big debt build up, and net grain receipts won't carry the new cost structure and there will be a reset.

                                I'd say a $525K combine carried for a year and dumped for $285K....the reset is well underway.

                                Cash is King as it always is and has been.

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