Posted 8/24/2015 14:22 (#4750971 - in reply to #4750541) Subject: RE: Flying monkey academics, $14,000 farmland
Rivers, MB
I'm with you Pitt. I think grain prices are on a new plateau. Using western Canadian crops as an example.
My first years of farming 99-2005, average cash wheat was $3.75- to maybe $5.00. Now 5.75 is low end and $6.50 is common. Canola was $7-9. $10 was a great price. Now we get nervous when canola gets down to $10.
If margins are thin now, one of the biggest factors that is in our control is living costs, land costs and how much shiny new machinery is in the shed.
Flying monkey academics, $14,000 farmland
