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Low returns in Agriculture?
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<blockquote data-quote="Alberta farmer" data-source="post: 672685" data-attributes="member: 8978"><p>Looking back on some of my old accounting books I am amazed how little the prices of our products have increased and how high our costs have increased!</p><p>In 1988 we sold 612 lb. steer calves for $1.12/lb. We bought a new half ton 4X4 for $9200. Our dyed deisel was 18 cents(converted to US gal/$). Nitrogen fertilizer(46-0-0) was $260/ton(applied!).</p><p>Today... steer calves (who knows?) New half ton 4X4 about $30,000. Dyed deisel $2.44(converted).</p><p>The lists of costs goes on and on. Our electricity bill is probably up in the range of 300%. Same with phone and property taxes,machinery repair costs,etc.! New machinery would be even higher.</p><p>I guess those were the good old days?</p></blockquote><p></p>
[QUOTE="Alberta farmer, post: 672685, member: 8978"] Looking back on some of my old accounting books I am amazed how little the prices of our products have increased and how high our costs have increased! In 1988 we sold 612 lb. steer calves for $1.12/lb. We bought a new half ton 4X4 for $9200. Our dyed deisel was 18 cents(converted to US gal/$). Nitrogen fertilizer(46-0-0) was $260/ton(applied!). Today... steer calves (who knows?) New half ton 4X4 about $30,000. Dyed deisel $2.44(converted). The lists of costs goes on and on. Our electricity bill is probably up in the range of 300%. Same with phone and property taxes,machinery repair costs,etc.! New machinery would be even higher. I guess those were the good old days? [/QUOTE]
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Low returns in Agriculture?
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