What would you do?

[Guest]

Canola was like $9 bucks just a decade ago wasnt it.

Anyway, the answer to the question what would you do is going to be answered in the next while. If Trudeau gets in again and our premiers wont fight, there will be a lot of land up for rent I imagine.

Canola was like $9 bucks just a decade ago wasnt it.
Try 2019, not a decade ago ?

[Sheepwheat]

You guys don’t remember sub five dollar canola and flax in 99/00? 2.50 wheat. 1.30 barley. 1.25 oats.

[Grahamp]

What I struggle to understand is not that canola might drop to $8, as a risk taking business I am ok with that risk as it seems low and if you worry about everything you’ll never do anything. But what if canola drops to $14? You are underwater. $200 rent with current inputs would put you at $600-650 an acre to grow a 40 bushel canola crop. Can you imagine renting land where a 40 bushel canola crop at $14 has you losing $100 an acre. I’m aggressive, I’d love to grow but it definitely won’t be renting land at anywhere close to those rates.

[SASKFARMER]

some by swan manitoba is 200 and at least you will grow a crop

[Old Cowzilla]

some by swan manitoba is 200 and at least you will grow a crop

Brother-in-law help combine 90 bu wht there so 90times 12 is helping the push but he was a grain buyer before retired so not every year is a banner up there either.

[Guest]

I remember getting nothing for wheat from the wheat board !

and had to wait 9 months on it

[Guest]

You guys don’t remember sub five dollar canola and flax in 99/00? 2.50 wheat. 1.30 barley. 1.25 oats.

i remember $.99/bu barley and we were combining it with a 2001 2388 , so not that long ago

[Rareearth]

The joy, getting a 3 bushel quota allotment.

[blackpowder]

$.86 barley $2.00 wheat (fd) $5.00 canola my memory says. Various years

[fjlip]

You are all young guns!

1972, Canola $2, wheat $0.60, barley $0.40....4 bu CWB quota. Try live on that!

1974 all froze to sh it! Plus dried every phucking bu!

Enjoy today...climate has changed!

[SmallTimeOperator]

What I struggle to understand is not that canola might drop to $8, as a risk taking business I am ok with that risk as it seems low and if you worry about everything you’ll never do anything. But what if canola drops to $14? You are underwater. $200 rent with current inputs would put you at $600-650 an acre to grow a 40 bushel canola crop. Can you imagine renting land where a 40 bushel canola crop at $14 has you losing $100 an acre. I’m aggressive, I’d love to grow but it definitely won’t be renting land at anywhere close to those rates.

$14 canola is almost a sure thing at some point in the not too distant future. There is a saying that the old top becomes the new bottom. Remember when $10 bucks was the old top, the price everyone was waiting for? Well we blew through that in Dec 2007. But we returned to it a while later, even breaking into the 9s. Well guess what, $14 was the new top, and we blew through that in Jan 2021. And as soon as there is a good crop of canola all across the prairies, we will return to the old top/new bottom of $14 or less. Now I’m no analyst, so take it for what it’s worth.

[GALAXIE500]

A bunch of land moved here for $750-800k per Q. Work out what the financing is on that with todays rates and maybe 10% down payment.

Much more than $200 per acre.

In my area if someone dangled 750-800,000 per 1/4 there would be a LOT of land up for sale!

Personally I would take the $200/acre and enjoy a year or two off, update some of my machinery with someone else's $$$ and take my holiday trailer for an extended road trip in the summer.

Just my opinion.

[Sheepwheat]

In my area if someone dangled 750-800,000 per 1/4 there would be a LOT of land up for sale!

Personally I would take the $200/acre and enjoy a year or two off, update some of my machinery with someone else's $$$ and take my holiday trailer for an extended road trip in the summer.

Just my opinion.

No doubt.

[quadtrac]

RB auction today.
There’s market value established by auction.

[blackpowder]

In my area if someone dangled 750-800,000 per 1/4 there would be a LOT of land up for sale!

Personally I would take the $200/acre and enjoy a year or two off, update some of my machinery with someone else's $$$ and take my holiday trailer for an extended road trip in the summer.

Just my opinion.

Assuming you own enough outright to be viable afterwards.