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<blockquote data-quote="Flatlander" data-source="post: 7874533" data-attributes="member: 156006"><p>Input cost here are horrendously high but forward crop prices are looking poor by comparison, I’m lucky enough to have had a reasonable years fir yields but only by luck. Most of western Canada has been hit very hard with drought as has major areas of the US mid west. The prices for commodities will make it a record grossing year for me but once I re buy inputs for this coming year nothing much will have changed as far as net profit. Hearing talk of rents going up,land values rising still and optimism for the future is positive in some respects. Those younger guys that returned home to farm mom and dads payed for farm after going to college or working outside the industry for a few years have had a few good years in which to start and haven’t seen tough times. With the new kit they’ve signed into buying and covering those costs along with higher price rented land will be in for some serious head scratching. my chemical rep is saying fertilizer sales are tough with quiet a few going to drastically reduce application rates or even miss out P and K. This year It’s been intresting watching crop prices bounce around in the matter of days but it shows the volatility of the world markets when even a hint of a new COVID variant can cause major stock market crashes overnight the three days later it’s back to its original point. A market traders dream.</p></blockquote><p></p>
[QUOTE="Flatlander, post: 7874533, member: 156006"] Input cost here are horrendously high but forward crop prices are looking poor by comparison, I’m lucky enough to have had a reasonable years fir yields but only by luck. Most of western Canada has been hit very hard with drought as has major areas of the US mid west. The prices for commodities will make it a record grossing year for me but once I re buy inputs for this coming year nothing much will have changed as far as net profit. Hearing talk of rents going up,land values rising still and optimism for the future is positive in some respects. Those younger guys that returned home to farm mom and dads payed for farm after going to college or working outside the industry for a few years have had a few good years in which to start and haven’t seen tough times. With the new kit they’ve signed into buying and covering those costs along with higher price rented land will be in for some serious head scratching. my chemical rep is saying fertilizer sales are tough with quiet a few going to drastically reduce application rates or even miss out P and K. This year It’s been intresting watching crop prices bounce around in the matter of days but it shows the volatility of the world markets when even a hint of a new COVID variant can cause major stock market crashes overnight the three days later it’s back to its original point. A market traders dream. [/QUOTE]
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