Net farm incomes drop by 45 percent in 2018

[GALAXIE500]

Her where I farm (NW of Maple Creek) greed is fueling the land prices and has been for a number of years. Dryland is selling for +- $2000/acre and not sure about grass , but it isn't cheap either.Had a neighbor buy three 1/4s of land this spring and (reportedly) paid $325,000 / quarter for it so the local Hutt colony wouldn't get it. Now he's crying the blues because as he said " we are barely making enough to get buy on the prices we are getting"??!!!??

Greed ,greed and more greed. I feel like saying to him , be careful how much you spend or you won't be able to buy me out in a few years! Of course that would be a little bit rude , but sorry , I've got a few crocodile tears for some of these assholes right now. There are times when I think about how my Dad turned down a section of farmland for $150,000 for all four 1/4s and I just about cry , but I was 19 , not sure where I was going in life yet , and my Dad was 63. If he would have been 53 I am sure it would have been bought. When the land is a mile from your farm it is hard to look at what you could have had / vs what you have to settle for now .

[farmaholic]

Don't worry about net farm income falling.....if 20-30,000 acres don't make you viable buy or rent another 10,000. Or get extra dirt relative to your farm size....its nothing more land won't solve. Economies of scale!!!

Nothing in the Industry needs to change but you....the sooner you realize that the better off you'll be. Now go secure more acres.

[bucket]

Don't worry about net farm income falling.....if 20-30,000 acres don't make you viable buy or rent another 10,000. Or get extra dirt relative to your farm size....its nothing more land won't solve. Economies of scale!!!

Nothing in the Industry needs to change but you....the sooner you realize that the better off you'll be. Now go secure more acres.

Did you have a weekend with hobby with all this sarcasm?????

[farmaholic]

Did you have a weekend with hobby with all this sarcasm?????

Yup, we were drinking organic liquor. And smoking organic pot.

[blackpowder]

We've seen this before.
Fixed costs climb slowly and we ignore them until bang!!! Some other sudden change driver event occurs and viola, we have consolidation. Who will be left this time?

[bucket]

We've seen this before.
Fixed costs climb slowly and we ignore them until bang!!! Some other sudden change driver event occurs and viola, we have consolidation. Who will be left this time?

There won't be many farmers left this time ....just operators and equipment jockeys.....just like Russia a few decades ago....