jaymo
Full Member
Posts: 202
Likes: 89
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Post by jaymo on Nov 11, 2020 8:41:27 GMT -6
Local feed mill paying $7.25 for feed wheat a couple months out, says corn is running away on price so switching over to wheat. I gather they bought 5000 tonnes today alone of wheat! So these things tend to have a domino effect, everything is related. I did a double take when I got that text message! They likely got what they needed at that price. |
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Post by Oatking on Nov 14, 2020 15:31:33 GMT -6
DDGs, Its nice to hear that word again! Capt usa has the improved grain prices and the renewed trade deal with china maintained land prices and land rent. Is there worry down south that biden or harris will undue the china trade deal? Its a nice year end gift to sell for these prices now and take advantage of new crop prices. I am confused with joe bidens comments during the last debate where he said he wanted to steer away from coal and oil. Cant believe 77 million voted for that Biden. But really, western canada and the mid west u.s think very much alike when it comes down to the economy and business. Its too bad a couple of highly populated U.S States or urban centres control the country. As a western Canadian farmer the same can be said for elections in canada.
Any body think a biden government will increase the farm economy?. I am worried he will push for higher interest rates, and tougher environmental regulations. I still would rather think weather problems would dictate supply and demand.
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Post by cptusa on Nov 14, 2020 17:11:42 GMT -6
If you believe Biden got 77 million votes then I've got a 12" dick and a dozen roses.
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warreng
Full Member
Posts: 119 Likes: 8 
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Post by warreng on Nov 14, 2020 22:47:27 GMT -6
wow .. a dozen roses ??
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Post by kevlar on Nov 16, 2020 23:05:05 GMT -6
Called Patterson Grain today, a couple hours away from me, someone on here told me they pay pretty good, can't remember who told me but that doesn't matter. I first ask him if they handle many oats, no not really he said, none in the elevator at the moment. They have a "special" on right now, $3.25. I almost laughed out loud! Sold a few tandem loads last week for $3.85 for feed just to check a couple bins. Can get 4 bucks almost anywhere else starting December, and locally can get 4.11 for Jan and 4.16 a little later on. Needless to say I'm not hauling it 2 hours away for less. Maybe near Winnipeg the same company is paying more? Quite a spread anyway. Anyone hauling to Portage lately? I sure miss the Can-Oat days. $4.11 is decent but quite often got 4.25 at Can-Oat, and that's going back quite a few years now.
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Post by generalchaos on Nov 16, 2020 23:24:35 GMT -6
Viterra near Morden had a special on oats today. $4.00 Jan-Mar and $4.25 Apr/May.
Patterson at Morris were paying $13.50 for Soybeans December delivery last week.
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Post by SWMan on Nov 17, 2020 9:25:36 GMT -6
Local Pioneer elevator was $4.10 yesterday for oats. Not sure how Paterson buys grain anymore, they almost never post a good bid. Always pushing "futures first" which IMO is a trick, who would lock in futures/delivery window/grain company without knowing your basis??? The wheat I just sold to the local feed mill was 75 cents/bushel higher than the local elevators......absolutely embarrassing for 1 red high protein.  |
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radar
Junior Member
Posts: 67
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Post by radar on Nov 17, 2020 21:09:30 GMT -6
Same kinda of thing in Alberta, over here feedlots paying more then G3 and Patterson for Oats and Barley
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Post by kevlar on Nov 19, 2020 21:17:16 GMT -6
Prices need to keep going up, a lot. Some land nearby just came up for sale, the current renter came and told me about it as he had no interest in buying it and said the owner, who doesn't live in the province, said they would like to sell to a younger farmer. I called. Let's just say it won't be a younger farmer buying it! They said it was appraised but the price was higher than what anything else has sold for around here, no yard, old barn and a couple small bins. Then I got thinking of some of the high prices I hear about from some people on here, it makes me wonder, how do you pay for it? At this price I would more or less break even over 25 years. Could get by with one bad year, possibly 2, but 3 would be too much. To just get my money back after those 25 years, land would have to go up another 30%. Can't figure it out.
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Post by carlos on Nov 19, 2020 21:30:33 GMT -6
I was in the same situation 2 years ago. Ended up biting the bullet. At 52 years old. Everyone situation is different. Do you mind me asking how much per acre? I was 2200.00. Not a rock, a tree,good drainage and maybe 2 little sloughs. I figured I would get money back if I needed to sell.
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Post by kevlar on Nov 19, 2020 21:55:32 GMT -6
A touch over $3200 an acre. Could clear maybe another 10 acres on the half, currently 280 broke. Not sure exactly but likely class C soil, might be D. In an area that is pretty limited to crop choices. We grow mostly barley, canola and some oats. Others grow wheat and peas and the odd soy field, but most guys have quit growing them. Wet years will grow you nothing here, and we have had our fair share of wet ones. I'm currently 42 right now and my brother is a couple years older. Would be different if our kids were older and we knew they wanted to farm, but when they are still at the age of wanting to be astronauts and princesses, it's tough to make a commitment like this. We would basically be buying it for our children.
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Post by carlos on Nov 20, 2020 7:54:17 GMT -6
Yeah, I have 2 sons in mid twenties,1 is a pharmacist who loves money so farming isnt doesnt interest him I'm sure. The other one is a 3rd year apprentice welder living at home yet,but I doubt he wants to farm . That's why we were so undecided about buying,wife retired last month and we were thinking about a winter place somewhere warmer. I guess our area has some catching up to do as far as land prices. If it gets up to what it is in your area, then I will be happy we bought.
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Post by cptusa on Nov 20, 2020 8:06:21 GMT -6
Never want to look back and say I wish I bought that. Make an offer and try to get it done. You're not out anything by trying.
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Post by Oatking on Nov 20, 2020 8:18:56 GMT -6
Kevlar , I experienced the same situation 2 months ago expect both owners of the land parcel died of the scourge 5 days a part. The son called me less than a week after there deaths and wanted to sell the land lock stock and barrel. Oh man 720 acres at 6200 an acre was the offer for Red River Loam soil. I didnt pay that but it was in that ball park. The land was connected to my home base and i was sick and tired of paying high rent. I am buying for my girls and for an investment because the way i see it this will be a steal down the road when you consider how governments are printing money and resulting inflation. There is a chance of higher interest rates but for now you can lock in some good rates. I wish I had the chance at 3200 an acre. Its been over 10 years since that milestone has passed.
Kevler , Put this price of land into perspective , What can you really buy on the farm for 3200 dollars now? Almost nothing significant these days. Heck even a GPS is pretty near 17 grand! Point is land is the sand box and everything else is toys and you cant the have the toys unless you have the sand box.
You are right though , its hard to make it pay unless your have some land paid off. Hard decision kevler , good luck.
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Post by kevlar on Nov 20, 2020 9:07:50 GMT -6
Another consideration that we are taking into account is land we currently rent. If we tie up all out money in this half, we are worried that if our rented land comes up for sale, we may be SOL.We would be better off paying that price for our rented land that is closer to home. Also our area has quite a few farmers near the end of their careers with no kids taking over, so there could be a good chunk of land up for grabs in a couple years. Have also heard of a few guys getting behind on rent on the high priced stuff, and some being let go. Some guys are trying to sell some land to try buy other parcels when at one time they just went in and wrote a cheque and owned it. All this is telling me that my pencil is correct and the land prices here are over what they can sustain. I'm not a chicken by any means, but am cautious. If I can pump gas on weekends and make more than the land will make me, I don't feel the risk is worth it. Dad said when he was first starting out, debt didn't bother him because the bank would just be taking back what he never owned anyway. Once he started to get things paid off it worried him more thinking he could lose everything he had paid for. If we were a large farm, it wouldn't be such a big deal, but on a smaller farm decisions like this are just a little bit tougher.
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