Canola Crisis, is it even worth growing?

[goalieguy847]

The second you price your canola youve made the wrong decision. In 30 seconds that price has gone up or down.. and youve either sold too little or not enough.

Cant wait for next yr though.. canola will be back, baby!

Tanking prices? Pfttt. 600$/ mT aint that bad.

Hows about 7.10 hard red? No bueno.

honestly at this point.. grain prices are fine. Its the jacked up prices of everything else that are the kicker...

[Templeboy]

We are in a margin business, and right now there is no margin! when we make rash decisions, it usually costs us.
know your numbers, know your margin. If you are over hedged, put protection on. Commodities seem to be the best when the buyer is unsure of the outcome of the crop. If you don't know what you are going to get, they don't either. The crop usually comes back closer to average than we perceive it will. People do not talk about big crops, the news is always on the poor ones.
Fertilizer is the elephant in the room, but seed costs have grown at an alarming rate. Rents and cost of land are high, but landlords are even getting a shrinking piece of the pie as fertilizer companies beat us up. At the risk of sounding like a socialist, the corporates are beating us up pretty badly. The Bunge take over of Viterra should never have been allowed.

[mcfarms]

Post your big shit and be done with it!

just saying!

don’t shoot the messenger

Already do, on you tube .or instagram though not that often and moreso so my friends and family that want to show their families what's going on here can see it if they want,, with the sheer cost of stuff anymore I'm a little shyer about showing the shiny metal than I was when I was younger think it's sometimes a potential mistake to show non farming connections piece after piece of million dollar plus machines in this environment where their budgets are also being squeezed by inflation.
Personally would prefer a commodities site stay focused but to each their own. I appreciate sites that can provide information in quick and easy bites that try to avoid allowing clickbait posts from people trying to build a brand and followers they can take to sites that allow them to monetize that brand.
Agriville unfortunately can be a bit of a coffee shop And if that's what the patrons and mods want so be it
Hope your harvest is going/went well and your crops were good.
There's no 2x4x12 boards to be had. within 50 miles of here so that's how ours are.

[TSIPP]

Post a link, I like watching how different people make a living and the different areas in this vast country.

[fcr]

Most on here are not old enough to remember the 70s, but there was so much money being made in farming dealers could not keep anything on the lot.Grain bins , machine sheds, trucks, those were the best of times.All cash deals, no loans back then. Then came the 80s and farmers got greedy, land prices soared and soon farmers were in debt up to their eyeballs. Rest is history.

[Grain Farmer]

Some Farm's who bought land in 80's lost it to the banks, but bought it back at a fraction of the price.now are very large farms..played the game and sure won compared to us who actually paid for it at the 100k per quarter.

[AlbertaFarmer5]

Canola growing is a money pit. Not in a good way.

What crops are the most profitable where you farm? Which part of Manitoba are you in? Can you grow grain corn, potatoes etc?

[biglentil]

At upwards of 1000 a bag its definitely worth it for the biotech firms. We should have off patent options by now.

[shtferbrains]

Canola growing is a money pit. Not in a good way.

You have a few more options in some areas of Manitoba?

Soybeans, oats , winter wheat, fall rye, corn, potatoes, sunflower, flax?
And though it's kind of overlooked, Forage seed can make you rich,
As above, what do you see as options for more acres?

Do you see beans as a total replacement for Canola?
When you seed beans what are your range for yield expectations in a normal year?

Corn can't have any appeal at todays prices?

Appreciate input from anyone from Manitoba.

[Taiga]

I seeded 1500ac to alfalfa this spring, can’t make acceptable profit with current grain growing expenses. Still have some due to rotation though.
Canada is not even in the top 20 of agriculture producing countries, nobody cares about our cost and pricing moaning.