PAST DUE time to tell the truth about the farm family crisis!!!

[AlbertaFarmer5]

Not to in any way take away from this tragedy, but this isn't limited to agriculture. The financial stress has taken the same tragic toll on out of work people in the energy industry out here too in recent times. And I'm not talking about the young hot shots with the jacked up new diesel pickup and all the toys, hard working responsible family men.

However, us farmers do take it much more personally, since there is also a legacy and family history that is all tangled up in any financial problems, and assets.

[tweety]

Then costs will come down if no one can pay for anything.

But unfortunately between rate new equipment sales and seed sales, it doesn't look on average much is going to change.

Is there a correction coming in Ag?

[bucket]

Probably not a correction but I can see a major consolidation....in farms.

Raise the interest rates 2 percent and guys my age will have a nice annuity for a long time for doing nothing....


Machinery costs and inputs with grain prices one third of the seventies and I for one... am out.

[hobbyfrmr]

Then costs will come down if no one can pay for anything.

But unfortunately between rate new equipment sales and seed sales, it doesn't look on average much is going to change.

Is there a correction coming in Ag?

I dont see a correction coming. There will be more consolidation of farms. Some will retire/discontinue operations sell or rent out. Other farms will expand via purchasing or renting. This not new, everyone has a different tolerance for risk/leveraging. Most of us spend a lifetime trying to figure out the recipe......then it snows 14 inches the first week of october!

[agstar77]

Many have been brainwashed into thinking go big or go home. The problem with that philosophy is the higher risk factor. There needs to be more restraint in the farm sector. Let the demand come to you and don't try to oversupply. There is no problem in ag as long as shelves and coolers are full.

[WiltonRanch]

Not to in any way take away from this tragedy, but this isn't limited to agriculture. The financial stress has taken the same tragic toll on out of work people in the energy industry out here too in recent times. And I'm not talking about the young hot shots with the jacked up new diesel pickup and all the toys, hard working responsible family men.

However, us farmers do take it much more personally, since there is also a legacy and family history that is all tangled up in any financial problems, and assets.

Very true. The amount of young guys "suddenly" passing in lloydminster is shocking. Whether it be od'ing, suicide, or a combination the energy sector workers aren't immune. However, farmers can't turn their keys into the bank and run when times go for shit. We have a masochistic tendency to give it all including our mental and physical well being, and family life to keep things going. Maybe it's our DNA.

[Guest]

The only reason companies from Alberta are paying into brads fund is to get some special treatment with royalties or a handout....thinking otherwise is naive.....

Same reason any co or union supports any govt ? Old news?

[bucket]

Caseih


Probably....same shit ...different pile.

[fjlip]

Probably not a correction but I can see a major consolidation....in farms.

Raise the interest rates 2 percent and guys my age will have a nice annuity for a long time for doing nothing....


Machinery costs and inputs with grain prices one third of the seventies and I for one... am out.

I am with you, let the young invincibles play the games of free market, suppliers and buyers. They can do it, I am unable to keep up.

[farmaholic]

Two things.....

If you want to give the parasites all your equity....they will take it. All while you assume most of the risk.

If you have little to no equity you better hope you can accumulate some over time because otherwise you've worked for the Industry....all while assuming most of the risk.

And they wonder why there's stress. Everyone along the way gets paid, even if there is little tangible value from "their" percieved contribution. Layers and layers and layers of bureaucrat management and general waste......maybe it's time for the rest of the links in the chain to become lean. If Producers ran their operations like the Companies supplying us, without the liberty of "just charging more", how long would you be in business......OneEarth, Broadacres and the likes.....?