Inputs , machinery

[Taiga]

I'm almost afraid to sell anything, money is loosing value at an astonishing rate. Replacement costs are out of this world.

[ajl]

Land prices on CLH the last couple of days showing much needed restraint. Most interesting was $620K for a full quarter section along hwy 28 west of Redwater with SLR. Watched nice quarters east of here in the Viking, Two Hills, Irma area making around the $1M range for most of the last two years until now. Paging FCC.

[westernvicki]

This year we planted with income earned in previous years, the following year(s) will be the deal breaker. We have the highest rail freight rates ever! Will inputs come down? Something has to give!

[Hamloc]

The new combine platforms are all well over $1 million dollars. Many BTO’s trading in 6 buying 4 or similar ratios. Who will buy the influx of trades? Maybe there will be some moderation in used combines for the smaller operators.

On a side note I was talking to my canola seed salesman he said Basf was planning to raise Invigor seed prices 3-4%, Dekalb playing catch up apparently plans to raise theirs by a higher percentage! Are these companies ****ing crazy?!?!

[biglentil]

Someone asked what phase we are in, we are in the blow off phase.

[GALAXIE500]

When I see 5 one year old combines , with headers going over farmland that is yeilding well below 15 bpa ( heard it was actually 10 or less) I wonder how in the world you make payments ( lease or owning outright) on machines like that. Those are expensive acres.

[helmsdale]

I have an inside on some actual industry metrics. If my actual cost of machinery per acre is well below the average or so I'm told, then the average is in for an education.

Um, yup!

Newest piece of equipment here is an houred out 4730 sprayer... most things are paid for, but parts are killing me. Local RME has been as cooperative as they can be trying to bill on farm fixes as red seal inspections and cutting large ticket items to cost, but my God, 50K on combine repairs is retarded! Dad commented the other day that he used to shit himself when he had a 3K bill on his old 750 massey for the year!

Chemical bill: insane
Fertilizer bill: stupid!
parts: record setting
Rent? "We could get 5% at the bank guaranteed!" Yea, ok, sell then!
my bank acct: feels like a panhandler begging for pocket change!

[countryguy]

You will own nothing and be happy

[bucket]

Million dollar sprayers, drills , tractors and combines with the current grain prices are going to have an interesting effect going forward.

I think we will see some backroom deals being done at FCC , that will come to light in a few years as to how those farmers stayed in business.

While FCC takes the hatchet to any farmer that questions the current values as being considered someone who doesn't want to stay in the farming game.

I believe FCC is working as a real estate agent for those that want to get larger, since I hear smaller guys being told " to sell a few quarters , they will sell quickly " instead of being given the tools to weather a short term downturn.

[helmsdale]

Million dollar sprayers, drills , tractors and combines with the current grain prices are going to have an interesting effect going forward.

I think we will see some backroom deals being done at FCC , that will come to light in a few years as to how those farmers stayed in business.

While FCC takes the hatchet to any farmer that questions the current values as being considered someone who doesn't want to stay in the farming game.

I believe FCC is working as a real estate agent for those that want to get larger, since I hear smaller guys being told " to sell a few quarters , they will sell quickly " instead of being given the tools to weather a short term downturn.

The 80s are calling...