St. Jean Baptiste recently hosted a Farm Days presentation from Dan Caron, a farm profitability expert. During his presentation, Caron advised farmers to “adopt a long-term view” when deciding whether or not to purchase new crop land.
“We have to start making decisions based on longer-term averages, not looking at the year before,” said Caron, according to a recent article in the Western Producer. “What happens if we look to the year before? Well, we end up with $4,000 per acre land and $9 canola.”
Caron went on to explain that land debt and related payments need to be assessed with an eye on long-term sustainability, and not just on what last year’s prices could command at market. Read More