Looks like we will break through $600 March 2024 tonight. The realists knew this was coming and are prepared.
It's not all that bad when you think about it....it only takes about 80,000 bushels of canola today to buy a new combine or an air drill or a tractor or a sprayer or a quarter of land in NE Sask....so if you need all 5 it's just 400,000 bushels of canola in today's price. That's if you get someone to give you the canola for free or all the inputs free.
I can totally see why some farmers think everything is just going to keep going up up up....
I think they call it monkey math!
I'm sorry I am being sarcastic....which is the same as the morons that thought the ag markets would be supportive forever to support the irrational exuberance of a drunken spending spree of many nonsensical farmers....I'm just tired of watching the repeat and enduring the time lost waiting for the shakeout and reset of productive asset prices back to profitability and all the lost time and opportunity while these guys get their proverbial asses handed back to them on a platter.
Ahh the Free Market can be such a bitch sometimes.
Looks like we are heading back to 1998....when the University Ag Economists put out the list of profitable crops and the ones that lost the least amount of money as a production guide. I think yellow mustard and caraway seed were the money makers that year! OMG
It's not all that bad when you think about it....it only takes about 80,000 bushels of canola today to buy a new combine or an air drill or a tractor or a sprayer or a quarter of land in NE Sask....so if you need all 5 it's just 400,000 bushels of canola in today's price. That's if you get someone to give you the canola for free or all the inputs free.
I can totally see why some farmers think everything is just going to keep going up up up....
I think they call it monkey math!
I'm sorry I am being sarcastic....which is the same as the morons that thought the ag markets would be supportive forever to support the irrational exuberance of a drunken spending spree of many nonsensical farmers....I'm just tired of watching the repeat and enduring the time lost waiting for the shakeout and reset of productive asset prices back to profitability and all the lost time and opportunity while these guys get their proverbial asses handed back to them on a platter.
Ahh the Free Market can be such a bitch sometimes.
Looks like we are heading back to 1998....when the University Ag Economists put out the list of profitable crops and the ones that lost the least amount of money as a production guide. I think yellow mustard and caraway seed were the money makers that year! OMG
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