Originally posted by SASKFARMER
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Whoa guys easy....let everyone have their say and if they are wrong or off a bit....who cares each opinion to their own. We have been on this site long enough to know what peoples beliefs and positions are on the issues. I choose to be curious, listen to what others say and learn and hopefully stay respectful to all viewpoints.
The fact is that the canola contract peaked on May 9,2022 at $1226 a tonne. That was probably a record. On Friday it closed at $577. That is quite a fall in 21 months.
I didn't get to participate at that price and good for those that did....bad for those that weren't a little concerned what that price would do to peoples psyche and the effect and consequences we would all reap...good or bad.
Let's be honest, anyone who farmed in the 80's knew it was a bubble and "things would not be different this time". I predicted there would be a big correction, but I did not think it would go this far and this fast.
The business plan now is to STOP and HOLD and concentrate to get all costs under control immediately and do not participate in over priced rents, land, machinery or inputs costs.
There is no justification to be the high bidder today or in the foreseeable future.
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