Viagra Increasing prices on Friday!

[SASKFARMER3]

Classic liberal, After years of liberal govt and not getting any help in western Canada most farmers are up to their eye balls in Debt, Again Most are in Debt up to their ying yang. We had frost flood frost and then by the liberal govt were told to go head on with the Americans and Euro. Again No help from your guys, Now one year, no actually one day since 1979 do we massively profit and then the pigs come out in full force.
No hell its all about making a very decent living, But again when it comes around only once in 30 years and lasts only one day that's not real world.
Speculators gave us the one day then the free fall began, these guys saw a opportunity and took full advantage good on them but they screwed their own on the way up, if the grain markets would have stayed up or hovered the price increase is justified, but when their prices plummeted on world stage what did they do, Leave their own to deal with the mess, and a few will be gone because of this.
So all to the free market it works but when their is only two or three of these guys and its not called a monopoly it guess its justified.

[classicalliberal]

Saskfarmer3, my blog name actually pokes fun at the choice of names that parties like the liberal party chooses or what the media calls as liberal policies such as trade protectionism, tariffs, high taxes, redistribution of wealth, transfer payments, welfare, socialized health care and grain marketing, etc, certainly not economic liberalism. They are however, relatively socially liberal. The definition of Classical liberalism is the following:
Classical liberalism (also known as traditional liberalism[1], laissez-faire liberalism[2], market liberalism[3] or, outside the United States and Britain, sometimes simply liberalism) is a doctrine stressing individual freedom and limited government. This includes the importance of human rationality, individual property rights, natural rights, the protection of civil liberties, individual freedom from restraint, constitutional limitation of government, free markets, and a gold standard to place fiscal constraints on government[4] as exemplified in the writings of John Locke, Adam Smith, David Hume, David Ricardo, Voltaire, Montesquieu, Milton Friedman, Ayn Rand and others. I disagree with the gold standard because as a student of economics feel that the gold standard has more limitations than does the current system of free exchange rates and monetary policy although I believe that both have flaws.

[classicalliberal]

Everyone preaches free markets until thier own industry suddenly has an increase in competition or competition for overseas such as the US steel industry in the 1970s complaining about foreign subsidization, or the unions in the auto industry complaining about a level playing field when they have done nothing but screw the auto industry and the consumers for many years. Thank god for free trade, or we would be driving chavettes all these years. No business enterpriser wants extra competition and will fight to keep competition away if they can get away with it. They will admit however, that it is better for everyone involved except themselves, so I have always felt that one of the main roles for government is to protect competition, like...however much I hate Jean Chretieniste, he didn't let the banks merge, or shouldn't have let Sask Pool and Viterra merge, fertilizer companies, etc.

[cottonpicken]

Classic,as a student of economics you dont have a clue.

The gold standard must exist.

Capitalism can not flourish without a sound medium of exchange.

As soon as the public relizes it can raid the public cofferes it starts voting for any schmuck that will give it the most.

Read a little history,america was the greatest country ever because of the gold standard.

[vvalk]

Amazing SF3 that you talk about the avg to below avg canola crop all year yet you got $14 to $16 for ALL your huge canola crop. Since prices collapse before you harvested I wonder how this is possible. You must of forward priced way more then you thought you were going to grow.

You talk out of both sides of your mouth. You hate the CWB yet also the open market. Your rants on profit by the big bad corporations sounds like Jack Layton talk. get over it already. Like classic said $16 canola is no different then $1000 nitrogen

[classicalliberal]

The world now seems to use the US dollar or dollarization or fiat money which, unless the rest of the world increases its money supply like the US is, will become devalued significantly at some point which makes me think that it would be wise to sell USD and buy CAD.

This is something that I have recently taken in school and there are several reasons for the adoption of the fiat currency as opposed to a commodity standard or gold standard. The gold standard provides some "self-regulating" (which is what the markets tend to do if competitive)and a country can only print enough money as their gold supply permits as well as reducing governments abilities to run deficits and debt. Productive and exporting nations would be rewarded (like Canada but not US)by increasing their gold supply and therefore the money supply can be increased and interest rates will go down to promote business and economic growth and penalize those whose supply shrinks.
There is however, not enough gold in the world relative to the value of the currencies currently in circulation in the US, let alone the world, it would artificilly push the prices up for gold significantly. It could also be inflationary if the mining of gold doesn't keep up with the growth rate of the economy. It also fixes the money supply which limits economic growth which would bring some truth to the socialist's fixed piece of the pie theory when some get rich and others get poorer rather than wealth creation and the standard of living increases that we have seen since the depression. Also, economic growth would depend on the country's supply of gold in which some countries would be better off than others. Also, if the US was under a gold standard now with it's weakening economy, gold could come under attach by speculators who flee to gold which will artificially increase interest rates when interest rates should be softened.

I understand from the libertarian's point of view, such as Allan Greenspan at the time before central bankers really practiced monetary policy, "under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth… The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation" which is essentially what the current US and new, more socialist, welfare state oriented Obama government will do is monetize the current bad debt. I really don't know where to stand in the issue because I see the advantages of fiat currency standards and free and floating exchange rates but I don't trust the government to manage monetarism and fiscal policy. Actually, under perfect capital mobility with flexible exchange rates, fiscal policy in order to increase wealth and income is essentially crowded out completely or in cases of relative capital mobility which is what we have, it is partially crowded out by increases in imports and currency appreciation. I'm sorry if I sound like a huge nerd, but I have such interest in these subjects. I also very much enjoy the conversations on this blog.

[agstar77]

Agrium is still playing games , they won't give dealers a spring delivery price for anhydrous. Urea is in the 600 dollar range. Big time game of chicken.

[furrowtickler]

I think the time to buy was Dec 17th. That was the last day of confusion amoungst the fert dealers. We paid $.43/lb for 46-0-0 that day and are taking delivery starting Jan 2 - via spreader(loral) for $5/ac. I hope it does not snow too much over the next few days.
Just like the grain/oilseed high, the fert low did not last long.
Local bids are back up to $525/tn now. (46). jmo
Class/lib - there is one glaring thing that alot of people seem to miss - there was never a fert shortage and their was a grain and oilseed shortage.
Also a very small portion of canola was sold at lofty levels. A huge amount of fert will/has been purchased at overinflated prices. Just look at the world fert prices over the past six months and compare north american prices. We were simply getting screwed without any real justification.

[SASKFARMER3]

Yea last year was the great one (that I said all along 07 crop sold in 08 will be the best price in 10 years) and yes canola went at very good price. This year like most of rest of you, we pre priced some and have some very decent basis levels for march and June (Just in Case). The bin buster wasn't on every ones farm boys just a few certain areas had a really really really huge canola crops.
Fert today is 46-0-0 $400 pay today or by end of January take delivery any time till end of January.
Now anhydrous is a different game all together. Yes were set up for using gas and have for a very long time but paying .56 cents a lb on a limited tonnage when 46 is available it starting to look like might have to go back to double shoot system.
Savings would be around $103,000.00 next year. Different drill cash price is $103,000.00 triple tank double shoot. Three of us in office today two went home with 46 instead of anhydrous. Two were able to change over. We could on our existing drill for $12,000.00.
Simply no one from Regina all way to Kamsack today would give a confirmed price on Anhydrous. All singing on same song sheet. This is first time ever could not get confirmed price at New Year. Phos 800 down and 20-0-0-24 400 ton.

[SASKFARMER3]

Oh my oh my!! I just spent 20 minutes reading this thread. I haven't heard so much bull shit in my life.

Hey SF3, that's a kick ass price on 46, care to name the retailer and town, I'd pick it up myself for that price!!

[SASKFARMER3]

400 tons and its Balgonie

[SASKFARMER3]

Co-op, what's the retailers name??

[SASKFARMER3]

do the volume snappy that will give you the number you need.

[classicalliberal]

What would you rather have? a -20 basis at $8 canola or a -60 basis at $15? Basis is irrelevant to the farmer for risk management purposes unless he has a futures position that he exchanges with the buyer to price that basis. Otherwise, to lock in a good basis, which is usually when prices are not good and when farmers are not moving grain is a totally speculative move. That is why target orders for all delivery periods will be executed for those short-time frames that the prices are high in all delivery periods.

[classicalliberal]

I don't need the volume SF3.

What we all need here is for you to stop sprerading your bull sh%^!!!!!

I knew you were lying about your 400/ton 46 so I called you on it!! If you have your fellow farmers best intrest at heart, wouldn't you want them to get a good deal also?? So what's the name of the dealer??

Also you sold all your 07 production of Canola between $14-16 dollars?? You want me to start digging up old posts from a year ago when you said you were 1/2 priced at $9.50.

I really don't care, but get over yourself. I'm just sick of your windy posts.

One more thing $103,000.00 saving from $400/ton 46 to 56cent ammonia??? That's a saving of 16 cents roughly @ 60lbs/acre like you said earlier that equals a 75000.00 on 8000 acres??

But I'm sure you have an excuse as to why it happened this way.

P.S. NO ONE is a 400/ton 46. If there is someone I'll start hauing.

And don't use your volume excuse, I'm seeding 8000 acres come spring, and I price my fertilizer with a neighbor who seeds 15000 acres.