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

[cropgrower]

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.

was it you that told us you don't pay any tax ? and i pointed out paying no tax would mean you live below poverty line ?
be very careful or the beautiful thing of farms shutting down may come knocking at your door ,
if you have failed to make a taxable income during the past years of reasonably good prices

and to me its unbelievable that a farmer would see the failure of another as a beautiful thing

[GALAXIE500]

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

When I see 2 X-9 's in the area (bought/leased used I don't know) running around in the area on a 10 bu or less crop I cannot do the math on that, sorry. Granted they have a good chunk of acres to go over , but beating those machine up just makes me cringe. I don't like doing it with my old combine , but I don't have 800K invested in it either. Their per acre loss across the board is not a small number.

[bucket]

Watching new X9s go into a pounded out lentil crop . Crazy to me. Why not go buy a couple 9500s to do that job?

Been told X9s come into dealerships ready basically for Evraz.

[GALAXIE500]

Yeah I am not surprised. Isn't just JD combines that harvest dirt and weeds in our corner of the province.

[Landdownunder]

Australian crop tad late tad behind but will come into average eventually my state only state below average some areas well below

[Grain Farmer]

Deals are getting better.
inventory kinda deep i guess.

[TASFarms]

$600 000 was new price in 2019?

[seldomseen]

Today is the first day with sunshine in what must be over a month. Cloudy or smoky on most days and a lot of days you couldn’t tell if it was cloudy because of smoke.
Heading out to try and combine Timothy after it sat through 2 weeks of constant rain.
Yield won’t be good because it was way too dry in May and June. Then after I got it swathed heavy rain shelled lots!

[Taiga]

If you can slash the pricing by $220k then maybe the original pricing was way out of whack

[Old Cowzilla]

What do guys think they have $ wise in it when it leaves the factory gate ?