Friday Cocktail plus the news of the week.

[Landdownunder]

-39 at this moment, tomorrow forcast -43 so hitting to -50 at my place. Carbon tax not even dead yet.

plus 42 here yesterday

[AlbertaFarmer5]

I am really concerned for my 18 year old son who is starting out on his journey in life , and as parents we tell him to always look at life without rose colored glasses , so to speak , because it is not a country club.

I think you're being too pessimistic. My boys are of the same age and I tell them that the opportunities have never been greater. This is probably the best possible job market to be graduating into.
At least for hard-working intelligent common sense farm boys.
With the glut of the baby boomers exiting the job market, there have never been more opportunities.

And never been so few young people competent to fill the void.

I think it's safe to say we have just seen peak big government, peak climate nonsense, and peak regulation obstructing business opportunities.

The tax burden and the demographic burden of smaller workforce supporting an ever larger non-working age and unemployable population will be a problem. Our kids will probably have to be proactive with tax revolts etc. But they have the power to hold the rest of society for ransom. Just look at the convoy model.

I think ai and technology will only create exponential economic opportunities for those willing and able to capitalize on them.

Contrast that with the dismal economy and job market we graduated into in the early 90s. With a labor market fully saturated with baby boomers.

[GALAXIE500]

I think you're being too pessimistic. My boys are of the same age and I tell them that the opportunities have never been greater. This is probably the best possible job market to be graduating into.
At least for hard-working intelligent common sense farm boys.
With the glut of the baby boomers exiting the job market, there have never been more opportunities.

And never been so few young people competent to fill the void.

I think it's safe to say we have just seen peak big government, peak climate nonsense, and peak regulation obstructing business opportunities.

The tax burden and the demographic burden of smaller workforce supporting an ever larger non-working age and unemployable population will be a problem. Our kids will probably have to be proactive with tax revolts etc. But they have the power to hold the rest of society for ransom. Just look at the convoy model.

I think ai and technology will only create exponential economic opportunities for those willing and able to capitalize on them.

Contrast that with the dismal economy and job market we graduated into in the early 90s. With a labor market fully saturated with baby boomers.

I hope you are right! I do think my son's future will be good , but this idiotic Liberal government has saddled us with debt that all working generations will have to pay for , his mine , yours , and future . That is undeniable.

It is time to really get rid of this sunshine ways and rainbow joy joy feelings about everything and get down to real leadership by strong people ,, and intelligent people , not entitled ones.

[blackpowder]

Maybe it's as simple as teaching things like the rules of money.
If they're focused on the maintenance of a good income, they should be fine.

[poorboy]

Just try and point your kids into careers that are not competing with workers in other countries. Also jobs that no one wants tend to pay better.

Plumbers
Carpenters
Accountant
Auto body repairs
Computer security
Interior painter
Etc.

Going to be a huge shortage of skilled workers in rural areas and smaller towns and villages.

Agriculture hopefully ok in the future, but much easier to enter if you also have another skill set to supplement/fall back on.

[farmaholic]

"""""""""""Agriculture hopefully ok in the future, but much easier to enter if you also have another skill set to supplement/fall back on"""""""""

Why get into it in you have to subsidize it with another job to make it viable?

Do professionals hold a back up degree or tradesmen have second jobs to earn enough to live?

[TSIPP]

If you want to play you need to pay and the farm doesn’t pay for itself!

[furrowtickler]

US, China deal ... or re-deal from 2020//youtu.be/3FnYaNBo3yc

[Taiga]

Nobody’s farm pays for itself around here. And you can’t get into a farm as a 20 year old without something backing you. Plus there are 6 months of the year, or more, where you could be making some other money. Shame to lose your productive years (age 20-50?) and the missed income. But some super productive areas could perhaps do it.

[AlbertaFarmer5]

After having spent most of my farming career working off the farm to earn enough Capital to reach critical mass, I look back now and think there might have been another way. Didn't even occur to me as a possibility at the time.

It looks to me as if FCC or AFSC Wood loan money to aspiring young Farmers with a flashy business plan.
Relatively little Capital required to lease equipment, and rent farmland. Not much infrastructure required without livestock and in the era of grain bags.

I know of some operations that consist of bunch of leased equipment parked on rented land next to grain bags with zero other infrastructure.

I suppose the reality is when they reach the other end of their career, they still may not own any assets.

Looking back on BSE and the 2002 2003 drought years, all the years of hail and excess water and low prices, and I'm almost certain that business model would have been a disaster here.