Ok. Honestly. How many acres do you run your combine on ? This is a serious question. No need of color bashing or anything like that. I’d like honest acres for one combine #Agtwitter
Actually, I’ll print this about 6 feet wide by about 4 feet high and laminate it. If anyone else is interested in one too it should work out to about $100 including shipping.
Lemme know.
Got this awesome map of all the Canadian prairie elevators and their capacity (in thousands of bushels) from 1923.
What’s crazy is the top left corner has the prices and acres of the previous 15 years and in 1919 wheat was $2.51/bushel, with inflation that would be $42.51/bushel today (currently $7.73/bu)
I’m going to print one for myself.
Where does a guy to go to get the dual air tanks under the driver side on a T800 KW cheaper that doesn’t cost 3700 dollars to get ? Or just get a set made
Farm transition I'm helping with:
Husband has the hard & fast mentality that:
Son helps on the farm so he should get everything.
Wife takes the approach of "let's be equal/fair" regarding $$ value.
→ 2 kids; one Son and one Daughter
We're talking $15 million in land, equipment, & livestock going to the on-farm Son.
And $500,000 in retirement & $500,000 in life insurance going to the off-farm Daughter.
That $14 million imbalance is what the wife is concerned about.
There's a solution that may make both H & W satisfied:
1) Property into a trust
2) Machinery & livestock left to on-farm Son
3) Retirement & life insurance left to off-farm Daughter
4) Trust grants right of first refusal (ROFR) to rent & ROFR + option to buy land at a discount to on-farm Son.
Until both H & W pass away, all income goes to them.
When either H or W passes away, the other spouse gets all income.
When the last spouse passes away...
-Son gets the machinery & livestock
-Daughter gets the IRA & life insurance
-Both are beneficiaries of the land income, but Son has ROFR & option protections to keep the farm going
Instead of $15 million to Son and $1 million to Daughter, it's more evenly distributed with safeguards in place to keep the farm operation in the family & financially viable.
Without prior planning, exactly zero of this would happen.
In fact, the farm may be sold at auction to the highest bidder.
So, it begs the question...
Have you started tackling this succession, transition, estate issue?
Last week I was in China representing @AlbertaPulse & @pulsecanada
Goals of the trip was to:
Sign a MOU with CFNA
Reconnect with customers (China has been up to 90% of our market for peas),
See if we can help them grow their business with our product,
1/2
And I'll add that getting the absolute top price every year isn't #1 when farmers are marketing their grain. There are alot of other factors that come into play when we market & move grain (cash flow needs, prebuying inputs, moving grain in slow seasons or before roadbans, etc)
@780Agriculture@DafarmerF@Averdave Thank you for putting this to empirical testing. Farmers around Edmonton rarely wait for the soil to warm up to optimum. When the ground is dry they plant, most couldn’t even tell you the seed bed temps
I’m very happy to share that today I successfully defended my PhD thesis on #ultraearly wheat planting systems! The wheat in this picture was planted in Edmonton into 0C soil before the end of March.
So I have a AG question, does Saskatchewan have a law that no foreigner or billionaire investor can own more than say 100000 acres, just asking for a friend. I have a plan.