Crude oil skyrocketing

[Taiga]

Maybe not a bad plan , get out before the Liberals steal thing you have taken a life time to achieve
My buddy cashed out this spring , auction here in November. He was tired of this b/s before , and it’s way worse now .
Got himself a very nice place at the lake , debts paid off and not worried at all anymore of being held hostage by input companies and getting screwed at the line companies.

We are going try to ride this out , good or bad , my heart and soul not ready to quit and my nephew is all in and deserves a shot . It will be difficult, but willing to fight to keep this farm out forefathers started well over a century ago from scratch with nothing for a better life . We can get by by being frugal for now , done it before and made it through . You don’t need 150lbs of N to grow a crop , we proved that to ourselves and have done very well . This year hurts but there are many ways to skin a cat or grow a crop by thinking outside the box and ignoring the input dealers maximum crop growing strategies . They fail more than they help even on average years .

The best right now would be for everyone to just walk away for the next year , and let these shortages choke on themselves. I strongly believe that at least 50% of this is made up b/s as an excuse to capture every last penny from the farmers to feed this swollen top heavy ag industry.

Absolutely, I didn’t even break even on the grain side this year just counting seed and fert input costs, let alone every other expense. I got 4.5x the yield 3 years ago on same crop with zero fert applied. Can’t do much without rain. No way I am buying inputs now, total waste of money if the moisture conditions don’t change. Here anyway. The only thing I don’t have to buy is seed.
Lots of activity in the oilpatch right now, should be no problem making some money this winter if needed. Once LNG gets online I think we’ll see another boom period in my lifetime.

[woodland]

I wonder how the energy industry is doing for people?
About everyone I know that worked there has made a new career at home. That includes some lifers that spent a lot of time traveling and were well paid for thier experience.

I know out west here some service companies have called back a lot of those folks they let go. Just drilled a well south of us and seen five loads of new pipe go by so it must be a good hole. Employees are hard enough to find currently so I hope they don’t get too crazy busy……………

Crazy times😉

[shtferbrains]

I wonder how the energy industry is doing for people?
About everyone I know that worked there has made a new career at home. That includes some lifers that spent a lot of time traveling and were well paid for thier experience.

[Livewire]

I have the same concern as wiseguy. On fixed acreage now to assume these rising costs becomes a problem. Sure some higher commodity prices soften the blow for a little while but it appears all expenses are moving rapidly to match. And if interest rates rise too, margins will start to evaporate again.

We appear to just be moving up to a new plateau where the same small margins in the business will be re-established.

A new plateau where you are now having to spend drastically more dollars per acre with exponentially more risk to maybe make the same in the end. What could go wrong?

[furrowtickler]

Maybe not a bad plan , get out before the Liberals steal thing you have taken a life time to achieve
My buddy cashed out this spring , auction here in November. He was tired of this b/s before , and it’s way worse now .
Got himself a very nice place at the lake , debts paid off and not worried at all anymore of being held hostage by input companies and getting screwed at the line companies.

We are going try to ride this out , good or bad , my heart and soul not ready to quit and my nephew is all in and deserves a shot . It will be difficult, but willing to fight to keep this farm out forefathers started well over a century ago from scratch with nothing for a better life . We can get by by being frugal for now , done it before and made it through . You don’t need 150lbs of N to grow a crop , we proved that to ourselves and have done very well . This year hurts but there are many ways to skin a cat or grow a crop by thinking outside the box and ignoring the input dealers maximum crop growing strategies . They fail more than they help even on average years .

The best right now would be for everyone to just walk away for the next year , and let these shortages choke on themselves. I strongly believe that at least 50% of this is made up b/s as an excuse to capture every last penny from the farmers to feed this swollen top heavy ag industry.

[jazz]

I have the same concern as wiseguy. On fixed acreage now to assume these rising costs becomes a problem. Sure some higher commodity prices soften the blow for a little while but it appears all expenses are moving rapidly to match. And if interest rates rise too, margins will start to evaporate again.

We appear to just be moving up to a new plateau where the same small margins in the business will be re-established.

[AlbertaFarmer5]

2022 will be my last crop planted !

Use up the Chem in shed and fert from previous droughts and ride off into the sunset !

**** escalating inputs !

But will you still continue to regale us with your wisdom, and anti-Chuck slogans?

[furrowtickler]

I just used that number as an example. Any number has potential to provide a little extra something. My apologies to imply anything. I did a small amount in a couple companies in March and thankful for that. I follow Eric Nuttal, has been bang on for over a year

No worries , good info .
Just wish crop was not so drought affected, then a guy may actually have a few bucks to play with . A few will in lucky areas , so this info is good for some for sure 👍👍

[Richard5]

Good point if you have fifty grand to play with

I just used that number as an example. Any number has potential to provide a little extra something. My apologies to imply anything. I did a small amount in a couple companies in March and thankful for that. I follow Eric Nuttal, has been bang on for over a year

[furrowtickler]

So I you are all worried about the cost of fuel and food go buy some of the key oil stocks and make some real money in the meantime. Fifty grand will turn 3-5 times if oil gets above $120 a barrel. This would more than cover the cost increase in the next year or two

Good point if you have fifty grand to play with