Year: 2008

Tread Carefully in Today's Cattle Business

I was invited by the High River Feeder Association to speak at their annual meeting last night. The meal was great and the people were very welcoming. I spoke to the fact that the beef business is under attack. No more than ever have we had to deal with such volatility and impactful variables. When… Read more »

The Goal is 300 Bushel Corn

Lately there has been alot of focus on the increased need for more money to go into feed grain research in Canada. With provincial and federal funding decreasing over the past 10 years it is imperative that this change. Probably the most pressing concern is that the corn industry is focused on continuing to push… Read more »

It May Be Time to Start Buying Fertilizer

Fertilizer has been falling lately and depending on who you are talking to the bids are quite variable. If you have not purchased any fertilizer yet this fall now might be a good time to begin to chip away at some inventory. With prices in the 600-700 range, prices are considerably lower than 5 months… Read more »

Use Input Financing Programs Wisely

By Shaun Haney There are very advantageous financing programs out in the market right now for inputs (seed, crop protection, fertilizer) this winter. These financing programs may include do not pay or no interest until a given date. These can be fantastic programs for farmers but you need to be careful. You do not want… Read more »

Order Crop Protection Needs Early

Due to a significant increase in global demand of crop protection products you need to manage your purchases differently than before. November is a good time to lay out your crop plan and start writing down the crop protection products that you are going to be needing in 2009. If you plan on walking into… Read more »

COOL Rears its Ugly Head

Now that COOL is underway the Canadian beef industry is once again under American trade attack. with JBS Swift in Greeley announcing that they will no longer accept Canadian cattle and Pasco down to twice a week the flow of Canadian fat cattle headed south has been impeded. With the US election looking like a… Read more »

Collect Your Grain Samples

Now that harvest is complete there is still some unfinished business. It is always best to collect your grain samples know and make sure that you have them graded to ensure that your broker or elevator agent has your grades on hand. This will allow you to take advantage of short term price spikes throughout… Read more »

Cash is Not the Only Determining Factor

I had a great conversation today with a fellow farmer in Saskatchewan. We talked at length about the significance of the commodity prices hitting the floor boards again. Is the sky falling versus there may be some opportunities for those that do not panic sell. As I have mentioned before these are challenging times that… Read more »

Why Are Pre Buys on Fertilizer Down

As I talk to customers it seems that there must be lower amounts of fertilizer being purchased this fall. I think that there is less fertilizer being purchased for a couple different reasons. One is that there was a significant amount of equipment and infrastructure purchased by farmers in the spring while prices were double… Read more »

Incremental Always Works

This is a real tough time to be farming and raising livestock. We are in a time of severe turmoil and volatility in regards to pricing or inputs and production. You need to be an expert in so many things that it is truly difficult to know what is over exuberance and what is based… Read more »

Which Way Will It Go?

This could be a very interesting week in the commodities market. Harvest pricing pressure is one thing but this has been a really tough run for all farm commodities. For all you barley growers, pay attention to corns apparent fall to $4 and whether or not canola can finally find a support level that makes… Read more »

Fertilizer Pricing is a Puzzle

I spent a an hour today talking to several people who understand the fertilizer market better than myself. I am trying to get a better handle on where the price of urea is going to move between now and spring. Common sense tells me that is corn is going to drop between $4 and $5… Read more »

The Market Goes BOOM!!!

I am sitting in my office completely drawn to CNBC’s coverage of the capitulation of the US economy. The story is riddled with denial, accusations and lack of clarity. The question that keeps on getting raised in our office is, “how does this affect our company.” The DOW is down 700 points and maybe headed… Read more »

Mistakes Can Be Costly

Today has driven me crazy. I realized that I made a mistake at work that is not going to create a huge loss on a deal but a loss nonetheless. They say that you should learn from your mistakes but that does not make me feel any better at all. I hate making mistakes because… Read more »

Being Successul is a Team Effort

Due to the fact that my Trish my wife is traveling in the US all week I have been acting as a single parent. I made the comment to my mom tonight who was watching the kids for me while I was at a meeting that “I have a new appreciation for single parents.” This… Read more »