Climate summit.....

[furrowtickler]

[LWeber]

$155 to $165 cash rent within 30 miles of you Furrow - wtf????

this is the response i received:

It was $125 rent when canola was 12 bucks
Makes more sense at $155 when canola is 22 bucks

I might be the only one in drought mode....
The creek running into Murray lake is dry – last time it was dry was 2001 to 2004
The slough I used to skate on as a kid in the 60’s – dried up from 1973 to 2004 – filled from 2005 to 2020 – and is now dry again
the creek to get out to Keeley lake’s big water is so low boats are getting stuck.
Too many real life indicators to not be concerned...

[furrowtickler]

$155 to $165 cash rent within 30 miles of you Furrow - wtf????

this is the response i received:

It was $125 rent when canola was 12 bucks
Makes more sense at $155 when canola is 22 bucks

I might be the only one in drought mode....
The creek running into Murray lake is dry – last time it was dry was 2001 to 2004
The slough I used to skate on as a kid in the 60’s – dried up from 1973 to 2004 – filled from 2005 to 2020 – and is now dry again
the creek to get out to Keeley lake’s big water is so low boats are getting stuck.
Too many real life indicators to not be concerned...

There is a lot to that rent deal that most don’t know
The numbers are exaggerated a fair amount
I know the guys that got it , it involves a lot over the next two years with the landlord, expenses , inputs and land improvement

None of the current rent numbers will make sense anywhere if we get a 10 bus/ac crop next year regardless of price

Canola will not be $22 next fall unless 80% of the western Canadian canola crop is hit as hard or harder by drought
Agree , real life indicators are extremely concerning right now including the ridiculousness in input pricing in the current severe drought conditions in huge areas .
High crop prices mean nothing without a crop other than extreme input costs , the highest in history across the board and the extreme risk going into next crop year .
I see everyone else in the ag industry ready to make money and farms in areas like this could lose huge even in light of high grain prices

Plus who has balls to contract for next fall ?
Many out here had their balls chopped off this year already

[furrowtickler]

It’s a different world west of here as far as average rainfall. We are generally 20-50% less east of river 80% of the time . So the numbers west do not reflect the general area east of the river and hiway 4 .
Next year will make or break more farms again , without much of crop it will be a train wreck because crop insurance is about to get very expensive next year imo. Coverages may be ok in areas that had decent crops the past 5 years , but other areas coverages will be down on consecutive lower yields and premiums may double ... time will tell into Feb / March
Some got whacked very hard east of here and the optimism is very different than west of here so to speak ...

[the big wheel]

There is a lot to that rent deal that most don’t know
The numbers are exaggerated a fair amount
I know the guys that got it , it involves a lot over the next two years with the landlord, expenses , inputs and land improvement

None of the current rent numbers will make sense anywhere if we get a 10 bus/ac crop next year regardless of price

Canola will not be $22 next fall unless 80% of the western Canadian canola crop is hit as hard or harder by drought
Agree , real life indicators are extremely concerning right now including the ridiculousness in input pricing in the current severe drought conditions in huge areas .
High crop prices mean nothing without a crop other than extreme input costs , the highest in history across the board and the extreme risk going into next crop year .
I see everyone else in the ag industry ready to make money and farms in areas like this could lose huge even in light of high grain prices

Plus who has balls to contract for next fall ?
Many out here had their balls chopped off this year already

As it stands right now the area of drought is expanding
Even areas that had crop have very little reserve
So if no wet snow or heavy rains in spring
We all would need rains continually in spread out
Duration of rhe growing season. Chances of that
Are not good. Any way lower prices for rhe fall
Would be a screw job because rhe facts are we are
In worse condition than we were last year.

As far as crop insurance last years not his years
Will be included in you average. The year after
Another near zero will be added.
Our dipshits at rhe ag department will tout how
Coverage has gone up. First of all they screwed us all
On price this year so ya price will go up but yield
Coverage will go down. It will mean the end of many
Farms. Agristability has become irrelevant.

[Guest]

As it stands right now the area of drought is expanding
Even areas that had crop have very little reserve
So if no wet snow or heavy rains in spring
We all would need rains continually in spread out
Duration of rhe growing season. Chances of that
Are not good. Any way lower prices for rhe fall
Would be a screw job because rhe facts are we are
In worse condition than we were last year.

As far as crop insurance last years not his years
Will be included in you average. The year after
Another near zero will be added.
Our dipshits at rhe ag department will tout how
Coverage has gone up. First of all they screwed us all
On price this year so ya price will go up but yield
Coverage will go down. It will mean the end of many
Farms. Agristability has become irrelevant.

we had reserve last year
this year we are dry, dry, dry
as far as crop ins , the premium is directly related to coverage
anyone coulda took the market pricing option this year
we didn't because it really raised the premium , our decision , cost us dearly
but i was happy with 44.9 bu/ac coverage at $12 on canola
120 bu/ac oats at , i think $3.50? , worked out to $400/ac on oats
but for the guys that have had challenges the last few years , its the shits
agri stability has proven to be the joke it is

[TOM4CWB]

we had reserve last year
this year we are dry, dry, dry
as far as crop ins , the premium is directly related to coverage
anyone coulda took the market pricing option this year
we didn't because it really raised the premium , our decision , cost us dearly
but i was happy with 44.9 bu/ac coverage at $12 on canola
120 bu/ac oats at , i think $3.50? , worked out to $400/ac on oats
but for the guys that have had challenges the last few years , its the shits
agri stability has proven to be the joke it is

In Alberta, the 'variable price option' came automatically, with no increase in cost any to Alberta Crop Insurance policy holders. This feature has a limit of 50% increase from the spring 2021 prices quoted on billing in June of 2021... we will know in a week what these new coverage levels are, looks like Canola will be close to $18/bu after the 50% calculation for the average price in the month of Oct 2021... a rough calculation indicates all grain crops will increase the 50% from spring 2021.

Cheers

[furrowtickler]

In Alberta, the 'variable price option' came automatically, with no increase in cost any to Alberta Crop Insurance policy holders. This feature has a limit of 50% increase from the spring 2021 prices quoted on billing in June of 2021... we will know in a week what these new coverage levels are, looks like Canola will be close to $18/bu after the 50% calculation for the average price in the month of Oct 2021... a rough calculation indicates all grain crops will increase the 50% from spring 2021.

Cheers

You guys live in Disney World compared to Sask

[furrowtickler]

[QUOTE=twocentsworth;516515]

Well sleepy Joe certainly was not engaged....


You would think if people are going to photo shop they would do a better job. Look at the sloppy neck line just above the collar. Just my two cents worth.

So you still think photo shop ??
Or just another excuse on the truth ?

[burnt]

[QUOTE=furrowtickler;516678]

So you still think photo shop ??
Or just another excuse on the truth ?

Maybe he was making a cheap joke?