a little math

[wrongway]

just thinking about dollars left on the table since harvest and noting that i am probably not the only farmer with grain left to sell.

2023 canola production of 18.3 MMT and aprox $200 drop is $3.66 B
2023 hrsw production of 32.4 MMt and approx $50 drop is $1.62B
not sure of all the other crops...maybe $1 B???
so total if "assume" half the crop is sold(my truth)...about $3B give or take.
In this day and age not a shocking amount but still not insignificant.

stats can says about 65, 000 grain and oilseed farmers in canada, so average "loss" of $46000. Barely the price of a used half ton.
I don't know, it feels worse to me...lol.

[blackpowder]

A dollar is only real if it's in your pocket.
Sobering year coming up.

[Crestliner]

Congrats Wrongway.....you are figuring the Rightway (unfortunately).....and it is much worse...on my farm anyways...and Blackpowder is correct....it's going to get a lot worse. Gotta get the costs we control under-control and have a sharp pencil and be prepared to say "no thank-you to stupid land values, stupid rents and thank the dealer for the demo...and he can leave the equipment when the price is adjusted 55% down."
I don't care if the deep pockets want to disagree with me...they might have a money tree and think that it is different this time around....but money runs out when you take more out than you put in.
Farming is still profitable to low cost operators, and the grain market doesn't care if you are one of them or not.

[biglentil]

Somethin is cookin in the Canola market. Lots of 'Specials' all the sudden.

[cropgrower]

fingers and toes crossed here ! hopefully spring and into summer it will recover

[Sodbuster]

Right or wrong I’m still looking for a spring rally to buy acres, still have my head buried in the sand.

[Taiga]

Fertilizer still seems too high, over $1000/T for P and $800/T for Urea. That’s Nutrien quote today, who is always the highest. Will take another road trip to ADM I guess.

[TASFarms]

The longer N stays high the more farmers will learn ways to make their own.

[biglentil]

Wow thats high last week 46 at RP was $695 Feb delivery. Adm a touch less.

[rumrocks]

Pretty red market so far today, everything but cattle and cotton.