Friday Crop report on a Thursday! Week 2.

[blackpowder]

Don't blame the players for the rules of the game. Rents followed values. Demand.

[Hamloc]

"REAL WORLD 2024"

50 x $7.50. $375.00
Less:
Taxes. $10.00
Chem $25.00
Fert $75.00
Seed. $20.00
Equip $100.00 (Cheap Equip!)
Wages $20.00
Land. $125.00 (Cheap Rent!)
etc: $25.00. (Optimistic)

Net. ($25.00 Loss)

Times are good down on the farm??

At $100 an acre on equipment is this both depreciation and repairs?
Crop and hail insurance $15-$20 an acre.
I estimate my cost per acre on wheat at closer to $450, canola another $30 per acre.

[SASKFARMER]

My only comment is each farm is different

if your land is paid off it’s different, if you have zero opp it’s different, if you farm in western sask or east it’s different, if you get rain it’s different. Lots of things change the above breakdown. To one farm 50 is great yield to others 100 is achievable but so is 10. Mother Nature is the wild card.

[Taiga]

Wow lots of seeding this weekend and 15C and now snowing today. Hope we gets lots of wet

[Herc]

My only comment is each farm is different

if your land is paid off it’s different, if you have zero opp it’s different, if you farm in western sask or east it’s different, if you get rain it’s different. Lots of things change the above breakdown. To one farm 50 is great yield to others 100 is achievable but so is 10. Mother Nature is the wild card.

I’d go a bit further and say if ur near the black soil zone ur in better shape than the rest. Most years, but not all…..

Alot of big crops get pulled off in the northwest….

[Crestliner]

"REAL WORLD 2024"

50 x $7.50. $375.00
Less:
Taxes. $10.00
Chem $25.00
Fert $75.00
Seed. $20.00
Equip $100.00 (Cheap Equip!)
Wages $20.00
Land. $125.00 (Cheap Rent!)
etc: $25.00. (Optimistic)

Net. ($25.00 Loss)

Times are good down on the farm??

I am really curious on how the guys seeding on April 10th made out. That crop has to be in the bin by now or very close to it.

Also curious to know how "Real World" 2024 numbers are looking at this point.

[fcr]

My numbers would be 100 for fert and 30 for chem, but our rent is less so end result the same.Canola numbers look worse.

[Grahamp]

I think your numbers are close although I think 125 rent is probably a bit above average. Maybe contracts signed last fall. (Unless you are where the beautiful people farm but then they should be getting better than 50 bushels.) I’d say you’re a little low on fert and chem especially if guys seed treated or fungicided. Taxes should be included in your expenses or part of your land costs. But regardless a 50 bushel HRS wheat crop is going to be at a minimum $350-$400. For most a 50 bushel crop is going to be a money loser.

I had ours just over $400 but am growing a high yielding feed wheat that I’m optimistic will yield 65-70 in the high $6’s or low 7’s. The little bit of hard red we have will probably be in the mid to high 50’s so just break even. What an industry where a 55 bushel wheat crop breaks even.

We are in the Yorkton area and our early seeded cereals (wheat and oats) seeded late April early May look quite nice. We thought the value was there to fungicide.