Read yesterdays Star Phoenix and it showed all the average saleries of most occupations in Saskatchewan. We're at the bottom of the list, behind Mcdonald's workers at $18000/yr. Time to email your MP's and MLA's and demand a bigger subsidy. Ask your kids to buy you a bigger mailbox for Christmas.
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$18000 a year!!!
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Now,be a smart farmer and look ahead:
1. The smart kids flick the iron(ferris/ferric) gene into the 888Event flax in Aug/2011
2. The smart kids also flick the selenium gene into the 666 Event flax Jan/2013.
3. A 90yr old geriatric dies in 2016, because he inadvertantly ate iron in his flax, and he was told to avoid iron.(Don't laugh. McDonald serve hot coffee too hot, right?)
4. Gene testing found the 888 crossed with the 666 in the field,(damned open pollination).
5. What kind of liability insurance will producers buy from the gene companies to cover producer liability actions? What's a fair premium? Pars
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Yeah lets keep developing these high class grains so the world can shit on canada and buy cheap grain. GM has done that and it really worked out well for them.
Same thing with developing specialty durum. Absolutely marvelous especially when the cwb has not moved 1 bushel of the 09 crop.
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Bucket, are you absolutely sure that each 5000 bushel lot has to have a test completed. A Viterra rep/marketer suggested that this was a recommended number, but not a requirement. Is he correct?
A hundred dollars is one thing. A hundred times 20 tests to begin with, times a career, is quite another. It will cause me to adopt "the my choice principle" that "my first loss will be my smallest." I will leave this market to those who don't object to the I'll pay to test model, and hope that the EU instead pays through the nose for a dwindled supply.
It will be really interesting to see the flax acre projections for 2010.
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I may be way out to lunch. Fast and rough math would indicate better than that. ie. 1200 acre farmer 400 canola, 40 bu/ac X$8.00= $320.00/acre. cost $250.00/acre. Net $70/acre X 400ac =$28,000. 400 oats, 100 bu/acre X $2/bu = $200/acre. Cost $175/acre. Net $25/acre X 400 = $10,000. Wheat 50 bu/acre X $5.00/bu = $250.00. Cost $200/acre. Net $50/acre X 400 = $20,000. Total net on the farm= $58,000. I do not know the real income tax rate, say 42% leaves the farmer with $33,640.00 to live. These days most farms are larger than 1200 acres and more efficient so I presume more profit to live. My guess is they are in between and carpenter and barber.
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Some farmers forget land payments are profit. And machinery after depreciated is also profit. I think a lot of farmers could retire much earlier than they do, don't really know what they have.
They purchase newer machinery because they don't want to pay tax, so that they can make only 18,000 a year. I know bad hopper.
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