Friday Crop Report on a Thursday. First week of June.

[furrowtickler]

Machinery and costs were about 1/2 of what they are today in 2008

But hey farmers are doing great

[furrowtickler]

Rain is so close yet so far away

[TASFarms]

Was told yesterday if you have barley in the bin you can name your price. Checking rain gauges today. Two tenths in most of them. Two were blown over,ground is opening up.

[13stripe]

Machinery and costs were about 1/2 of what they are today in 2008

But hey farmers are doing great

I can not understand why land prices keep going up.

[fjlip]

To keep Boomers and banks happy....but real big balls are needed to dare buy!

[Grain Farmer]

I can not understand why land prices keep going up.

Maybe because yrs ago.
wht at 35 b/a
Bly at 50 b/a
Canola 30 b/a
was considered good crops.
Now we are trying and in many cases doubling that yield with lots of fert, and timely rains.

[Dr Tone]

Maybe because yrs ago.
wht at 35 b/a
Bly at 50 b/a
Canola 30 b/a
was considered good crops.
Now we are trying and in many cases doubling that yield with lots of fert, and timely rains.

But the inputs to try to make those double yields now are close to the price of the income you got from the aforementioned yields.

[furrowtickler]

this area in that 2008 time period our yields were 30-50% higher than the past 5 year averages.
So add that all up and things on grain farms are in a dangerous position in many areas .
Land prices in this area have flattened out or even backed off lately.

[Templeboy]

My yields in 2015-19, were about 10% higher than 20-24. Oats were 25 percent higher.
Land hasn't paid for itself ever at the time of purchase as far as I know. It is very far from that now. I expect some retracement, I could see 20%. There is still cash on the sidelines, but I think the big spenders have spent.
Banks always sort and rank customers, they will know their top 10 and bottom 10. Some will be asked to leave!

[seldomseen]

First rain since the snow melted.
Whoopi!