is it worth it

[chipchap]

Anyone who remembers 08/09 will know the crop went in on sky high inputs and was sold rock bottom

Quite so.
But the economic background now is vastly different, don’t you think?
Government money printing has saved the world in the short term, but we are just beginning to see the broader effects worldwide.
Inflation is a scourge on any economy and governments have very few tools to fight it at the moment.

 

[Devon Gurfallo]

My 2nd wheats have matched my first wheats again, this year.

Is your second wheat latter sown. My October wheat outperformed my September wheat.

 

[robs1]

Quite so.
But the economic background now is vastly different, don’t you think?
Government money printing has saved the world in the short term, but we are just beginning to see the broader effects worldwide.
Inflation is a scourge on any economy and governments have very few tools to fight it at the moment.

Every country in the world currently wants inflation, it will reduce the "real" cost of the pandemic, it only gets concerning when it gets above 10% , of course for those with cash in the bank or relying on a final salary pension. What we dont need is house price inflation

 

[chipchap]

Every country in the world currently wants inflation, it will reduce the "real" cost of the pandemic, it only gets concerning when it gets above 10% , of course for those with cash in the bank or relying on a final salary pension. What we dont need is house price inflation

I honestly think house prices will rise, but more slowly than inflation; so in real terms slowly drop.

10% inflation is scary, it pretty much halves the value of money in 7 years.

 

[robs1]

I honestly think house prices will rise, but more slowly than inflation; so in real terms slowly drop.

10% inflation is scary, it pretty much halves the value of money in 4 years.

Only cash, if every country in the world has a similar level then it doesnt make a huge difference to trade and if say the uk owe 1000 billion today and we all need to pay extra tax to pay it off it would cripple spending power but if wages go up by say 40% over four years the tax take increases thus paying the debt off quicker, obviously it's not quite that simple and it can get out of control and some will suffer especially the older generation whose savings will shrink in buying power but they wont blame the government as much as they would if tax rates for iht hit them harder

 

[chipchap]

Only cash, if every country in the world has a similar level then it doesnt make a huge difference to trade and if say the uk owe 1000 billion today and we all need to pay extra tax to pay it off it would cripple spending power but if wages go up by say 40% over four years the tax take increases thus paying the debt off quicker, obviously it's not quite that simple and it can get out of control and some will suffer especially the older generation whose savings will shrink in buying power but they wont blame the government as much as they would if tax rates for iht hit them harder

But every country in the world won’t have the same rate of inflation. Some governments are more prudent than others.
The net result is, and always has been and always will be, a shift in relative wealth of nations.
Sadly the USA and UK are “past the peak”.

 

[glasshouse]

The economic background is what it is , not losing money is what matters.
The world lost the plot in 08 and its just got worse since

 

[chipchap]

The economic background is what it is , not losing money is what matters.
The world lost the plot in 08 and its just got worse since

It’s just all about keeping a smile on your face, and the face of those around you!

 

[Still Farming]

All goes round in circles.
You earn more, you spend more,you work more , you get bigger etc etc.
Do you ever catch your tail going round and round ?

 

[unlacedgecko]

Sheep grazing a growing crop in Feb and Mar will allow you to save on fungicide and growth regulators without a yield penalty.

 

[Renaultman]

Is your second wheat latter sown. My October wheat outperformed my September wheat.

sow after I've finished first wheats, normally last week in Sept first in October.

 

[Renaultman]

Every country in the world currently wants inflation, it will reduce the "real" cost of the pandemic, it only gets concerning when it gets above 10% , of course for those with cash in the bank or relying on a final salary pension. What we dont need is house price inflation

This is exactly what I am thinking, I believe they have wanted it for a few years, hence low interest rates.
House price inflation is inevitable IMHO the huge increases in materials and labour costs will have to be passed on, any builders or any manufacturer who has sold and not bought their raw materials to cover are going to end up in trouble and this is starting to show up now. Cleveland bridge and Freuhauf trailers being just 2 examples.

 

[David.]

Sheep grazing a growing crop in Feb and Mar will allow you to save on fungicide and growth regulators without a yield penalty.

Until we get a 6 week no rainfall spring, which hereabouts is about 50/50.

 

[Cambridgeshire]

spending 125/a on N fert for second wheat ?

I cannot afford not to..

 

[robs1]

But every country in the world won’t have the same rate of inflation. Some governments are more prudent than others.
The net result is, and always has been and always will be, a shift in relative wealth of nations.
Sadly the USA and UK are “past the peak”.

Not sure we are passed the peak any more than most european countries, the countries with a population that hadn't got the modern life styles have more room to grow wealth , ie Africa, India and other parts of Asia and china , where do the rich western economies get their growth from ?

 

[glasshouse]

Not sure we are passed the peak any more than most european countries, the countries with a population that hadn't got the modern life styles have more room to grow wealth , ie Africa, India and other parts of Asia and china , where do the rich western economies get their growth from ?

Rent

 

[willyorkshire]

Is your second wheat latter sown. My October wheat outperformed my September wheat.

My seconds were better than firsts. But firsts were Firefly and Saki - both now a liability in terms of disease. I need to pay more attention to my agronomist's warnings!

 

[SilliamWhale]

Not sure we are passed the peak any more than most european countries, the countries with a population that hadn't got the modern life styles have more room to grow wealth , ie Africa, India and other parts of Asia and china , where do the rich western economies get their growth from ?

Increasing the supply of money

 

[robs1]

Increasing the supply of money

Might give them a few more noughts on a bank account or asset worth but if a house goes from 100 grand to 200 grand you only still have a house and if you sell it the replacement will still cost the same as the one you sell, if all assets rise you arent anybetter of in "real " terms

 

[SilliamWhale]

Might give them a few more noughts on a bank account or asset worth but if a house goes from 100 grand to 200 grand you only still have a house and if you sell it the replacement will still cost the same as the one you sell, if all assets rise you arent anybetter of in "real " terms

Yes but the extra money is still filtering through the system. Money in itself is no use if it is static