Friday Crop Report on a Thursday. Second week of August.

[SASKFARMER]

Got the 830 done a while ago.

[SASKFARMER]

Oh we finally at the yard got our first rain over a inch today. 2 inches since 3PM.

[furrowtickler]

60-70 bus canola yet again ?
Lol just pokin you

[BTO780]

60-70 bus canola yet again ?
Lol just pokin you

It was that before the rain.

[furrowtickler]

It was that before the rain.

Nope , not a chance
50 before

End of the day the western Canadian ave will improve slightly over last year due to some recent rains but that’s it
38 ish my guess now

[furrowtickler]

You can’t have 40% of the canola belt without rain during peak growth and get better , it’s impossible , is what it is and we still need 2-3 weeks frost free
those odds are not favourable, just saying

[furrowtickler]

Canola a long ways from bin in the majority of acres

[furrowtickler]

Yes. Good post. The difference in mnay situations however, is the equity that stored up in other land. Inheritance... purchased 5... 10... 20 yrs ago... its easy to borrow against that land and have alot of room to handle the price swings. Thats why a market correction will come for equipment ( to a degree) and land rents...but land values??? I doubt it. Bare in mind im not that old and havent been thru any real downward cycle.... but the amount of investor money, whether it be foreign or local... and old school money ... will be there ( i believe) to support land prices. Sales may slow but there willl always be someone who can afford land.

The big change in ag over the last 5-10 yrs that will pummel guys is the self imposed stupidity that is jacked up rent and equipment purchases.

Personally.. i can Make money on 40 bushel canola selling at 14. Breakeven would be way down around 10 $/ bushel.

But.. the newest thing on our farm is a 2014 s680 bought for 80 k and we have very little equipment debt. If crap hits the fan i sell a tractor and no worries... tough to sell something you are leasing and the depreciation clock is running on it.

Alot of the big dogs who got bigger by poaching land and leasing equipment will be farming many.. many acres just to breakeven this yr. Thats a recipe to work. Not to get ahead.

Now is the time that the weeds will get separated from the chaff.
We will definitely see some farms shutting down over the next yr if these values hold down where they are... which, is a beautiful thing. Capitalism at its finest.

You 100% miss the mark there
almost chuck like
You ignore how efficient 95% of the rest of us are as well
My most used day to day tractor is a 1992 9030 bi directional tractor, followed by 1994 Case 9270 , both with over 12,000 hours
most on here in same boat
You obviously never farmer through the late 80’s or even the early 2000’s my guess
those that never experienced that have no clue as to losing $1 to $3 a bushel can do let alone a 60-80% reduction in yield due to environmental conditions

[furrowtickler]

When you have been beat down as many times as some of us , you have to say enough is enough
If we don’t take a stand on this we are all in for a world of hurt for a decade

[furrowtickler]

Yes. Good post. The difference in mnay situations however, is the equity that stored up in other land. Inheritance... purchased 5... 10... 20 yrs ago... its easy to borrow against that land and have alot of room to handle the price swings. Thats why a market correction will come for equipment ( to a degree) and land rents...but land values??? I doubt it. Bare in mind im not that old and havent been thru any real downward cycle.... but the amount of investor money, whether it be foreign or local... and old school money ... will be there ( i believe) to support land prices. Sales may slow but there willl always be someone who can afford land.

The big change in ag over the last 5-10 yrs that will pummel guys is the self imposed stupidity that is jacked up rent and equipment purchases.

Personally.. i can Make money on 40 bushel canola selling at 14. Breakeven would be way down around 10 $/ bushel.

But.. the newest thing on our farm is a 2014 s680 bought for 80 k and we have very little equipment debt. If crap hits the fan i sell a tractor and no worries... tough to sell something you are leasing and the depreciation clock is running on it.

Alot of the big dogs who got bigger by poaching land and leasing equipment will be farming many.. many acres just to breakeven this yr. Thats a recipe to work. Not to get ahead.

Now is the time that the weeds will get separated from the chaff.
We will definitely see some farms shutting down over the next yr if these values hold down where they are... which, is a beautiful thing. Capitalism at its finest.

You obviously never had 10 - 15 bus canola
your attitude will definitely change at some point

Your starting to sound like DML used to spout off, or tweety