Input and crop prices

[fjlip]

Did $60 /acre fall N + S across the farm. Phos another $24.

[WiltonRanch]

Looking at soil tests I don’t need to use a lot of fertilizer next year thanks to drought and hail. Still though at these prices I’m spending over $50 an acre on wheat for a decent average yield and accounting for mineralization. With canola I’m conflicted as to cutting back fertilizer. I’ve done so in similar situations and it definitely shows. Probably cut back acres of canola. Interesting times for sure.

[TASFarms]

For those that are interested.

Joel Williams is putting on a two day workshop with Grant Sims and Tom Robinson in Regina on January 16 & 17, 2025. The agenda is impressive for what they intend to cover.

[url]https://integratedsoils.com/principles-practice-soil-health-masterclass-ca/?[/url]

there is more than one way to drop a lot of fertilizer and chemicals off the farm budget

[biglentil]

No fert purchases and few grain sales. When you factor in how much the cad has fallen grain prices are even uglier. Everything sky high except grain prices, go figure. At least the value of the grain in the bins can't go to zero unlike the purchasing power of the dollar. Land for now is holding up in price as it's seen as a hedge against dollar debasement, however if the credit drys up look out bellow.

[westernvicki]

Those price graphs in economics where prices fall faster than inputs, farmers all over the developed world are living in it. Canada has better credit programs but worse income and cost intervention support; farmers in Canada can, on their backs, float this bet slightly longer. However, the facts are: Average yield x average price does not buy a 2024 fertility program. And only reduced demand, reduces prices.?

Coming out of the bubble, hoping for a new one. It's a crap table now.
What strategies are out there? Or is it kiss the dice?

And then there is the WWIII.

[jdg364]

Wow have things went wrong in the last two weeks. Received text msg and cnl is back under $13/bu and good wheat is struggling to stay between $7.25-7.50.

Spoke with input supplier and 46-00 was $710, phos $1175, potash $605 and sulfur 610.. take home prices. Things are lining up to not be a very merry Xmas.

Im assuming guys are holding off on grain sales but are any of you booking fert or just hoping prices will solve themselves come spring.