Food inflation….deflation

[fjlip]

By the looks of all kinds of dealerships overflowing with trades NOBODY will afford....they will be in deep doo doo, carrying inventory. Then manufacturers will get the flu....suppliers...workers....

[errolanderson]

Oil price freefall this week, down 10% in less than 5 days. Meanwhile in la-la land, Microsoft market cap alone is now larger than the entire TSX.

One doozy of a crash now aligning (IMO) . . . .

[errolanderson]

Unrelenting selling in China’s CSI 300 index tonite. This has a bad feel to global markets. China gov’t will have to offer stimulus ASAP or this train is totally off-the-rails.

Fed and Bank of Canada need to cut rates ASAP (IMO). Forgot the inflation rhetoric.

[biglentil]

They should start by cutting the price of urea and phos. $730 urea and whats phos today $1100ish? And grocery prices are sky high, you won't find me in a grocery store to often but had sticker shock the other day. Quite the disconnect between what farmgate is seeing compared to prices in the store. Cost of living for the middle class is outa hand.

[furrowtickler]

They should start by cutting the price of urea and phos. $730 urea and whats phos $1100ish?

A little true story, unfortunately
Had conversations with several higher ups in AG industry this fall / winter.
They all truly believe we all make make way too much margin. that’s an absolute fact they think . Every single one in the ag industry that does not farm, thinks that way
all because 10-15% of the farms have done incredibly well the past 3 years . The other 85% of us are not in that situation

[blackpowder]

I would like to have been listening to those conversations. You know the system in trouble when free market participants judge others' margin.
What management level were these geniuses?

[Old Cowzilla]

You can understand the confusion about farm margins given how much the price of painted steel has gone up the last few years yet it sold off the lot as fast as it came in.I have some neighbors the only old thing in the yard is the dog. And the 15% is busy trying to buy out the 85%.

[biglentil]

Chinese CSI 1000 stock index slid 8% in a matter of hours today. 1/4th of Chinese stocks halted. Short selling banned at a number of exchanges. Contagion is a possibility.

[bucket]

A little true story, unfortunately
Had conversations with several higher ups in AG industry this fall / winter.
They all truly believe we all make make way too much margin. that’s an absolute fact they think . Every single one in the ag industry that does not farm, thinks that way
all because 10-15% of the farms have done incredibly well the past 3 years . The other 85% of us are not in that situation

You will notice , politicians don't take a sampling of the 85% over to COP28. They take a guy with 8 sideline companies to preach a better way , mostly for his own enrichment.

[seldomseen]

This all sounds rough but when I look around big new buildings are going up everywhere.
Melfort especially!
Brant has plans for a new mega building.
Redhead has started on a new mega building.
Tomas the Honda dealer putting the finishing touches on their new building.
UFA is moving in with a new fuel dealership.
Synergy ag is setting up a new ag outlet.
G3 has a new elevator that they just got up and running.
Good times I guess?