Originally posted by Sheepwheat
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Originally posted by SASKFARMER View Post100 barley at malt is close to 500 acre that makes more money than shit canola
I know feed variety’s can yield like crazy, maybe some new malts can also.
I quit growing malt, acceptance was low for me, so stuck with bin busting high busheling high test weigh feed type. Lol
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Originally posted by quadtrac View PostIt always bothers me when people think that because someone has everything paid for they can do things for less.
Ever hear of “opportunity cost�?
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Originally posted by Grahamp View PostI think virtually everybody is profitable at 40 bushel canola at even 9.5 canola. I think there will be closer to 33-35 bushel canola though. I don’t see how anyone makes money with 41 bushel wheat at 5.5.
As Jerry McGuire would say, "Show Me The MONEY!"
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Had a guy offer me wrapped corn silage bales at $80/bale recently. I imagine that it would easily do over 10 bales per acre. That could be quite profitable if they find someone to buy it at that money.
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Originally posted by quadtrac View PostIt always bothers me when people think that because someone has everything paid for they can do things for less.
Ever hear of “opportunity cost�?
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Originally posted by quadtrac View PostIt always bothers me when people think that because someone has everything paid for they can do things for less.
Ever hear of “opportunity cost�?
BUT, If things really get ugly for an extended period, if an operation with paid for assets is willing to ignore those opportunity costs, that may be the difference between surviving to carry the business into more profitable times, and not.
The budget should certainly include opportunity costs, but perhaps they should be averaged over a number of years/decades.
And in this environment, what is a reasonable opportunity cost to use? Interest on savings?
Edit, I see GDR typed the same thing as me, just faster...
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