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'An absolutely brutal year': Alberta farm incom

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'An absolutely brutal year': Alberta farm incomes plummet 70 per cent in 2018


Economics | 208094 hits | May 30 6:57 am | Posted by: DrCaleb
22 Comment

Alberta farm incomes plummeted in 2018 due to a �brutal� combination of conditions that included severe drought, wild weather and global trade barriers.

Comments

  1. by avatar DrCaleb
    Thu May 30, 2019 1:59 pm
    "Build that Pipe!"
    "Build that Pipe!"
    "Build that Pipe!"

    R=EM

  2. by avatar BartSimpson  Gold Member
    Thu May 30, 2019 3:39 pm
    That's just the life of a farmer for you.

    My winery friends in the Delta a few years back had hard times and this year it's going to be a massive harvest.

    That's just how it goes.

  3. by avatar llama66
    Thu May 30, 2019 4:00 pm
    Sadly true.

  4. by avatar DrCaleb
    Thu May 30, 2019 4:11 pm
    "BartSimpson" said
    That's just the life of a farmer for you.

    My winery friends in the Delta a few years back had hard times and this year it's going to be a massive harvest.

    That's just how it goes.


    It's not the just the weather that is against them. In good years, their crops rot in the silos because all the trains are booked to carry . . .oil. :(

  5. by avatar herbie
    Thu May 30, 2019 4:58 pm
    When I heard the MC at the grad ceremony I was at in Olds read out that half the class's goal was to take over the family farm, I knew it was code talk for "convert it to a grow op and make actual money".

  6. by avatar DrCaleb
    Thu May 30, 2019 5:05 pm
    "herbie" said
    When I heard the MC at the grad ceremony I was at in Olds read out that half the class's goal was to take over the family farm, I knew it was code talk for "convert it to a grow op and make actual money".


    A lot of farms that are growing corn to make into sugar in the US are looking to convert to growing Hemp for the medical CBD market.

    The times, they are a changing. :)

  7. by avatar llama66
    Thu May 30, 2019 5:39 pm
    Legalization could inadvertently help fix the obesity problem.

  8. by Thanos
    Thu May 30, 2019 6:52 pm
    "herbie" said
    When I heard the MC at the grad ceremony I was at in Olds read out that half the class's goal was to take over the family farm, I knew it was code talk for "convert it to a grow op and make actual money".


    An entrepreneurial spirit that deserves all the success coming to it.

  9. by avatar BartSimpson  Gold Member
    Thu May 30, 2019 8:31 pm
    "DrCaleb" said
    That's just the life of a farmer for you.

    My winery friends in the Delta a few years back had hard times and this year it's going to be a massive harvest.

    That's just how it goes.


    It's not the just the weather that is against them. In good years, their crops rot in the silos because all the trains are booked to carry . . .oil. :(

    More argument to build pipelines, isn't it?

  10. by avatar Robair
    Thu May 30, 2019 8:53 pm
    Yes.

    It is true that pipelines would mean less competition for rail capacity and more room for crops. However, the biggest harm to transportation of grain was the demise of the wheat board.

    On weather and markets, Dad's always said that "If you can't handle three consecutive bad years, you have no business farming."

    A "bad" year would be one where the farm turns no profit, or even loses money. I can remember him in the kitchen looking through papers and saying "I paid $20,000.00 to farm last year."

    When your livelihood depends on the weather and markets, you need deep pockets, good credit and a side hustle or two.

  11. by avatar BartSimpson  Gold Member
    Thu May 30, 2019 9:39 pm
    "Robair" said
    Yes.

    It is true that pipelines would mean less competition for rail capacity and more room for crops. However, the biggest harm to transportation of grain was the demise of the wheat board.

    On weather and markets, Dad's always said that "If you can't handle three consecutive bad years, you have no business farming."

    A "bad" year would be one where the farm turns no profit, or even loses money. I can remember him in the kitchen looking through papers and saying "I paid $20,000.00 to farm last year."

    When your livelihood depends on the weather and markets, you need deep pockets, good credit and a side hustle or two.


    There's no reason why the wheat farmers can't form a voluntary cooperative.

    We have plenty of such cooperatives in the USA that cover all sorts of crops like oranges, almonds, apples, blueberries, and etc. and they manage quite well without forcing people to join their cooperatives.

  12. by avatar Robair
    Thu May 30, 2019 10:08 pm
    There was nothing stopping farmers from dissolving the wheat board they had all on their own. All they had to do was vote for it. In any of the many board elections.

  13. by Thanos
    Thu May 30, 2019 10:21 pm
    Given how much control of agricultural commodities have been taken over by the financial sector there's no reason to believe that a voluntary co-operative would be allowed to have any input at all on pricing.

  14. by avatar BartSimpson  Gold Member
    Thu May 30, 2019 11:06 pm
    "Thanos" said
    Given how much control of agricultural commodities have been taken over by the financial sector there's no reason to believe that a voluntary co-operative would be allowed to have any input at all on pricing.


    Pricing is still going to be subject to market demand.

    Ten years ago the farmers I go to church with were all in safflower, tomatoes, and soybeans.

    Now they're all in grapes.

    Because that's where the money is. Give it another ten years and maybe they'll pull out the vineyards and plant safflower again.

    That's farming.

    Now the former wheat farmers can plant something else if it suits them.



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