Selling canola????

[hobbyfrmr]

I went to a farmer thing a few years back
and a farmer worked for mnp. He put up
his cost of production on an overhead to
discuss production and price planning.
Most guys could not believe how much
he was spending on inputs. He did show
that volume made profit better on low
prices and/or poor quality from frost.
I recall after that session some farmers
conclusion was that mnp guy was just
showing off. His numbers were real and
costs were higher than i would have
anticipated.
I think he was from Melfort area. Very
practical man, his marketing plan showed
he was profitable, some margins were
very small on some crops but all was
black ink. His goal was basically to be
farming the next year. It was a very good
education for me.

[hobbyfrmr]

Just some canola math. This year
50bux$11=$550.00 gross. Last year
30bux$14=$420.00.

[Hopperbin]

Sahara fn desert here going hard going hard just
over one third

[fjlip]

How about 38X $10=$380 (could be even less$$/Bu)
Last year shitty crop, 25X14.50=362
Not much better this year for a lot of farmers.
Disappointing yields on June seeded canola many under 40 in our area.

[JDGreen]

75% done. 4/10s this morning and radar looking
like another 4/10s on way tonight.

[Hopperbin]

99 is correct about 2 things if you have an
accountant with farm background is better and
the second is fbc service is all crap i am no
longer with them. Better off using the guy at
the mall. If fbc did not solisit door to door
they would be out of business. Their salesmen
are good could probably sell a fridge to an
eskimo. Although when it comes to marketting
approach any advice with caution. I once talked
to a farmer that figured he got good advice from
the higher up guys at bunge well we can all
understand how that ended up. Basically lost
his ass from advice.

[SASKFARMER3]

Hopper my god is it dry their the grass was dead
all along the street to mc Donald's! And your
dugouts are low,! Hard to drive and see guys
combining and you know your wet! Had 3/4 when
we got home"

[Partners]

Just a few drops on our crop, so we finished harvest!!!! Now for a Good nap and catch up on The Young and Restless..

[Hopperbin]

Well this topic got out of hand.

I wasn't saying to anyone about selling
all canola now, 6 months ago, 3 months
ago.

It was all about pricing a bit more than
we had done at $12 or better and there
was an opportunity within the last 3
weeks to lock in $12 for next spring
delivery. We typically deliver 80% of
our canola in June/july and accept the
storage risk.

We are currently 50% sold at an avg of
11.80. We will play with the rest of
carry over.

At nearly 60, I think I'm older than you
S3 so don't remind me of the lean
years.bi have a hard time understanding
you when you post happy fathers day and
merry xmas then the next post is the JD
dealer wants to sell me 3 690's,
sprayers and tractors and then bitch
that the he wants to make 8 to 10 points
on it.

If farming creates that must stress and
frustration for you then do yourself and
family a favor a figure out a way to
deal with it

Life's too short

[sumdumguy]

Better to flip a coin. Sell-no Sell