Lakenheath, tooghgoofit
Here it goes, I have been farming 12 years, I have never had canola less than #2 (one year), my 5 year canola average is 45 bu/ac (including the drought and hail), 55 bushel red spring wheat here is a shitty crop, average is closer to 70, excellant is 90 (it is hard to get protein premiums with these yields though).
My reserve fund is I am a grain farmer, instead of curling all winter I go work in the patch if I have to. A good month I can make $10,000.
The cost of living on an extra quarter is $0.00, that is why it is an extra quarter, depreciation is the same per year, 600 acres or 1000 acres. You can buy a decent JD 7700, MF 860 etc for 10-20000. Who cares about depreciation on these things, repairs are cheap if you can work on your own equipment.
In central alberta we have very steady yield history, low freight rates, and oilfield options for work. I am sorry that in cigarette butt Saskatchewan you dont. Here we make $60 rent pay. I said before I dont like it, I would prefer $40/ac but I pay what the market demands.
Toughgoofit, sorry about the math error it was a quick post.
Dont assume your crappy freight rates, uncertain weather etc is everywhere. Here our problems are urban sprawl and whining acreage owners. Very high competition for land, If you dont want to pay $60/ac it is easy. DONT. Get a job and move to town because you wont have land to farm.
Here it goes, I have been farming 12 years, I have never had canola less than #2 (one year), my 5 year canola average is 45 bu/ac (including the drought and hail), 55 bushel red spring wheat here is a shitty crop, average is closer to 70, excellant is 90 (it is hard to get protein premiums with these yields though).
My reserve fund is I am a grain farmer, instead of curling all winter I go work in the patch if I have to. A good month I can make $10,000.
The cost of living on an extra quarter is $0.00, that is why it is an extra quarter, depreciation is the same per year, 600 acres or 1000 acres. You can buy a decent JD 7700, MF 860 etc for 10-20000. Who cares about depreciation on these things, repairs are cheap if you can work on your own equipment.
In central alberta we have very steady yield history, low freight rates, and oilfield options for work. I am sorry that in cigarette butt Saskatchewan you dont. Here we make $60 rent pay. I said before I dont like it, I would prefer $40/ac but I pay what the market demands.
Toughgoofit, sorry about the math error it was a quick post.
Dont assume your crappy freight rates, uncertain weather etc is everywhere. Here our problems are urban sprawl and whining acreage owners. Very high competition for land, If you dont want to pay $60/ac it is easy. DONT. Get a job and move to town because you wont have land to farm.
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