RBA saskatoon

[farmaholic]

To state the obvious, FCC is back in the repossession and foreclosure business. Buyers take note and lower your bids accordingly.

They themselves are somewhat responsible for the foreclosures. And you just made my point about what I once said about the land in foreclosure held by lenders....seems as soon as the bank owns it no one wants to pay "market" price for it anymore.

Signs of a chink in the armor...a crack on thin ice? This could get ugly, the Cinderella crop has fallen from grace, flax could see over production, green pea prices are almost certain to fall, yellow peas into India and China could struggle, wheat/durum/barley?, any small acreage niche specialty crop is susceptible to over production. How does this all make sense with high rents and expensive land? Machinery and it's parts in the stratosphere! Fuel prices sickeningly high in relation to crude prices. Seed costs, chemical and fertilizer prices holding steady in relation to grain prices.

There could be some interesting times ahead. Was anyone's budget for production, used to determine borrowing limits, include the possibility of sub $10 canola?

[bucket]

They themselves are somewhat responsible for the foreclosures. And you just made my point about what I once said about the land in foreclosure held by lenders....seems as soon as the bank owns it no one wants to pay "market" price for it anymore.

Signs of a chink in the armor...a crack on thin ice? This could get ugly, the Cinderella crop has fallen from grace, flax could see over production, green pea prices are almost certain to fall, yellow peas into India and China could struggle, wheat/durum/barley?, any small acreage niche specialty crop is susceptible to over production. How does this all make sense with high rents and expensive land? Machinery and it's parts in the stratosphere! Fuel prices sickeningly high in relation to crude prices. Seed costs, chemical and fertilizer prices holding steady in relation to grain prices.

There could be some interesting times ahead. Was anyone's budget for production, used to determine borrowing limits, include the possibility of sub $10 canola?

Does anyone run the math with crop prices worse than ever in relation to costs...

If you don't want to lose a bunch ...spray it twice and take the year off...

The best program the government could do is pay 50 bucks an acre to not seed...

Railways won't haul it...boats don't get loaded....china and India are out of the market ....we don't feed starving people....

Yup I would take the 50 bucks and take the year off....**** it ...its a money losing year coming....BIG time...

[checking]

There is an easier way than asking the public purse for $50.00 an acre and take the year off. Simply state to one person in the community that you are not going to seed a crop this year, and the odds are extremely good that someone will knock on your door asking to cash rent your farm for $50.00 an acre. Once that happens, you have a real decision to make that may become a habit.

[bucket]

There is an easier way than asking the public purse for $50.00 an acre and take the year off. Simply state to one person in the community that you are not going to seed a crop this year, and the odds are extremely good that someone will knock on your door asking to cash rent your farm for $50.00 an acre. Once that happens, you have a real decision to make that may become a habit.

It won't solve the problem because the production will still be there and then the government will be forced to handout even more...


Its about telling the market we can't farm at a loss....

If Evraz can't make money why not just sell it to the chinese instead of the government giving them 40 million?????

Or why does the government promise 3.9 billion to supply management?????Why are they not forced to do something like you suggest????

Or how about when AGT buys the used Churchill rail line they use their money to fix it...or have you forgot about the 110 million handed out there???

Or how about the Irrigation projects buying their own infrastructure ...when you read that the government transfer the assets, there was no money involved ...they gave a 75 million project for a penny...media forgot to mention it...

I think you are missing the point......

[checking]

I've been accused of being a 1964 Charlottetown missing dot dollar before. I know your point, and I hope your son agrees with you on taking a year off should LIFT arise.

I just would not like to be associated/labelled as a public beggar with this solution. Those more powerful than agriculture can swing that stigma hammer. I would not want to be associated with them, either. Government has determined your list of handouts are too big to fail, or too many votes to lose, but you, sir, do not have that clout. You are talented enough that you can come up with options to get your dollar value. From day one, I've considered you to be the best on this site with ideas to get out of binds. File the government angle, please.

[hobbyfrmr]

Does anyone run the math with crop prices worse than ever in relation to costs...

If you don't want to lose a bunch ...spray it twice and take the year off...

The best program the government could do is pay 50 bucks an acre to not seed...

Railways won't haul it...boats don't get loaded....china and India are out of the market ....we don't feed starving people....

Yup I would take the 50 bucks and take the year off....**** it ...its a money losing year coming....BIG time...

Summerfallow, chemfallow, plowdown costs are not free. Property tax, mortgage interest, cash rent, fuel, labour, depreciation have to be calculated. That runs about $110.00/ acre. Consider one full year with zero production/cash flow. You have to add the cost onto the ext seasons crop, so it better be a damn good one. Organic sounds good but it is expensive. I think most lenders would not look favourably if a customer said they are taking 25% of acres out of production/cash flow plans.
I don’t see a lot newer machinery in organic yards which tells me there is not enough gross revenue to upgrade machinery. No sarcasm.

[grassfarmer]

The ALUS program in Alberta is paying $40 an acre and trying to get guys to take that on wet spots and hard to farm areas - allow it to revert to nature, seed it to perennial pasture or trees or whatever.

[AlbertaFarmer5]

The ALUS program in Alberta is paying $40 an acre and trying to get guys to take that on wet spots and hard to farm areas - allow it to revert to nature, seed it to perennial pasture or trees or whatever.

Well that Math Works for me. At $4000 an acre, I can have it paid for in only a century. Minus interest, land tax and opportunity costs.

[Partners]

Some real deals at the auction today..for the buyers..

[SASKFARMER3]

Real deals are right.

But this China thing and Saudi and India are all starting to put pressure on guys.

The older guys remember the 90s where we were told expenses doesn't matter what they cost they have to stay at that place so streamline Mr farmer or get out. Oh, the USA and Europe were working with farmers in Canada No. We got Tristability a nightmare useless program.