Friday Crop report on a Thursday. First week October and end if September

[SASKFARMER]

It's 10 billion to usa farmers and our genius can't even spell.food. Rained out shit.

[furrowtickler]

I actually haven’t researched it but I did hear the government is paying somewhere around $2 a bushel on soybeans. The U.S. government appears to acknowledge they bear some responsibility for the Chinese not buying any American Soybeans at present. In Canada if your west of the Ontario Manitoba border you really don’t matter.

It’s actually sickening when you look at the way we get treated, a few fax breaks but seriously minute to what western Canadian ag contributes as a whole

[furrowtickler]

Almost embarrassing to see other farmers not get it

[Crestliner]

China will be purchasing limited amounts of Canadian canola or none at all in the foreseeable future.

Brazil is China's new girlfriend.
100% of China needs Brazil can fill.

USA is done getting sales on soybeans too.

Better get used to 12$ canola bids (or less) if there is any bids at all.

The only business will be to old time customer countries that were main buyers when the acreage was 1/2 of today. Japan, Mexico, Europe etc. Small time buyers.

This is the stuff that happens when you grow an industry depending on one customer.

We have to crush our way out of the loss of China business and put the oil into the fuel market and dump the meal at less cost than American Soy.

The government and grain industry in this county are lazy and incompetent. Have no vision and no plan. It's pathetic.

There should be minimum 5 crush plants at the build phase now and 5 more on the drawing board. You can't help but make money crushing unless you a stupid and spend to much capital on a plant.

it will take 10 years to get out of this mess. The only hope is production problems in competing countries....what a way to run a business.

For me, I will continue work hard to be a low cost producer that can positive cashflow even $10 canola in a good year.

The inflation party is over and there is a big reset coming in Ag.

Farm Debt Review Board was set up to help the 1000-2500 acre farms...it will be interesting to see them deal with 10000 acre farms of today that have no Bank or lines of credit left and have been negative cash for the last couple years.

[SASKFARMER]

At $10.00 a bushel I would make money.

Not much but would do ok.

Yes, Canadian elevators bet the farm on China a country that plays by its own rules. Brazil is there bitch now.

We need action quick but the Agminister can't spell Food so we're ****ed.

[TASFarms]

Low cost producer and Canada don’t go together. It should but it doesn’t. I spit my coffee out reading that. Low net profit producer? One doesn’t need any more practice growing crops. One need to make serious bank.

[AlbertaFarmer5]

Low cost producer and Canada should go together.
We have this thing called winter which eliminates a lot of the pests other parts of the world spend huge time and money controlling, plus compaction, and nutrient cycling.
We have domestic supplies of N,K,S right at our doorstep.
We have energy produced in excess right in our backyard.
Most of Canada can grow crops without the cost of irrigation, or drainage, or terracing, or any of the other ongoing costs many of our competitors face.
In theory we have the rule of law and trustworthy institutions, how much do our South American, FSU and African counterparts pay in bribes to corrupt officials, "protection", on farm security, etc?

We just need governments with their climate schemes, CO2 taxes, Fertilizer restrictions, cow fart restrictions, regulations, taxes, compliance, real estate bubble creation, etc. to get out of the way.

[AlbertaFarmer5]

The hangover of the real estate bubble caused by incompetent governments will be the biggest hurdle to Canada being the low cost producer we rightfully should be. Will take decades for the excesses of that to work through the system.

[wrongway]

[QUOTE=SASKFARMER;n824186]At $10.00 a bushel I would make money.

Not much but would do ok.


well farmers who think they are making money at 10 bucks is why govs can get away with ignoring us. Sure you think your x9s are paid off so don't cost anything, and you dont figure in depreciation or opportunity cost. Land bought by granpa and great granpa is also "free".

If you don't think that sites like this are being scrutinized by gov workers then you are very naive.

[Crestliner]

Low cost producer and Canada should go together.
We have this thing called winter which eliminates a lot of the pests other parts of the world spend huge time and money controlling, plus compaction, and nutrient cycling.
We have domestic supplies of N,K,S right at our doorstep.
We have energy produced in excess right in our backyard.
Most of Canada can grow crops without the cost of irrigation, or drainage, or terracing, or any of the other ongoing costs many of our competitors face.
In theory we have the rule of law and trustworthy institutions, how much do our South American, FSU and African counterparts pay in bribes to corrupt officials, "protection", on farm security, etc?

We just need governments with their climate schemes, CO2 taxes, Fertilizer restrictions, cow fart restrictions, regulations, taxes, compliance, real estate bubble creation, etc. to get out of the way.

Exactly.....shove your climate crap self imposed rules and economic self sabotage where the sun doesn't shine.

Low cost producer is not low net profit. Low cost producer ensures maximum profits in any environment.....any idiot can spend lots of money growing a good crop....how about growing a great crop on less..that means economic discipline, strategic independent thinking and asking why? ROI?

The ag industry has done a good job to teach everyone you need 10000 acres, latest tech and all the inputs and snake oil applied to be profitable and every field should look like the cover of Top Crop Manager.

So bid land up, be best friends with the implement dealer, have your input guy come running with everything....get no rain watch the prices fall apart and then wonder why there is no money in farming....oh and scream to government for help!

Yah Ok. Seen this show before...