Farmer and farmland investor
Parkersburg. Iowa
Joined April 2012
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Been seeing a tremendous amount of “experts”on the H2a work visa program that literally have zero experience with it!! And actually have hardly any experience with employees!! #armchairquarterback
Very early yet but corn yields in NE Iowa look to be down 20bu per acre compared to the last 2 years!
Rick DeGroote retweeted
🇺🇸 U.S. corn and soybean export inspections both topped expectations last week. The corn volume was easily the strongest for the week in the 44-year record.
59% of inspected soybean cargoes were bound for China, while Japan + Mexico accounted for 58% of corn inspections.
Rick DeGroote retweeted
Potential for $14.00+ soybeans? 🌱 🤔
Every monthly close above $12.00 (let alone $13.00) has ultimately led to $14.00 or in most cases even higher
Last month we had our first monthly close above $12.00 in over two years
$12.00 has acted as a key pivot point countless times over the years
Could definitely argue there is plenty of long term upside potential in soybeans
There are some instances where we wicked above and failed. Take 2009 and 2016 for example
But each time we closed above the end result was higher
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Rick DeGroote retweeted
#Corn has rallied $1.00 since June 30, in the weakest seasonal timeframe. While the energy builds have not been great the fractal trend alignment is now triple up. We will finalize the monthly flip next Monday.
There have been 34 bullish monthly impulses since 1959 with the average duration being 11 months and the longest being 31 months. The failure rate is only 12% over the last 67 years. The average size of impulse is a 26% gain with the largest being 204%.
Let’s say we end August at $5.35 then a 26% gain would be $6.74 but a 204% gain would be $16.26.
Hhmmm, I guess new highs are possible if good demand, smaller supply, more Chinese demand, weather problems for SA, and war continuation occurs. #iamnotbearish
Rick DeGroote retweeted
Five stops in west central Iowa with an average corn yield of 187 bu/acre, down 18% from these same five stops last year. Problems include low ear counts and shorter grain length.
Soybeans are disappointing. Only 1131 pods per 3'x3' plot, down 33% from last year. #pftour26
The top 17 grain/livestock farms in Iowa that use Farm Credit as a lender expanded at only 1.1% last year.
Rick DeGroote retweeted
Best day for corn in 3 years 🌽
First time front month corn has closed up over 20 cents in a day since July 2023
Absolute Moron!!!
While I am hopeful to be supportive of the Farm Bill, there is currently an E15 (ethanol) mandate tacked on to the Farm Bill that I am working hard to remove. I am convinced that this will increase costs at the pump for all Americans, whether they are driving a car or operating a tractor in a field.
President Trump and his team rightly provided exemptions to small refineries from the ethanol blend mandate. This new E15 mandate, which I’m opposed to, will reduce these Trump-era exemptions by 80%. This ethanol mandate is set to subsidize corn states at the expense of the state of Oklahoma. It also aligns with the climate alarmist agenda aimed at crowding out fossil fuels. This could very likely put small refineries out of business across the country, further driving up the cost of fuel in Oklahoma.
Read this article by @AlexEpstein to learn more: alexepstein.substack.com/p/c…
If Iowa goes 1 more week without planting which looks very likely, we are at trend line yields at best.
The first resort in Vegas to drop there prices 25% will be a winner. People are done paying 40 dollars a drink, 150 for a steak and 600 for a room. It’s clearly showing…less traffic, empty show seats!!
Rick DeGroote retweeted
Monette Farm list leaked. Streisand effect in full force, the more you hide it the more people want to see it. Here is the breakdown.
🚨 MASSIVE PORTFOLIO BREAKDOWN: 392,000+ ACRES
Here is the complete line-by-line listing of the Monette Farms property summary. This portfolio spans Saskatchewan, Manitoba, and Montana with a total asset value of over $1.05 Billion CAD.
📋 PORTFOLIO TOTALS:
• Total Farmed Acres: 392,940
• Total Owned Acres: 213,889
• Total Buildings Value: $143.4M
• Total List Value: $1,059,377,635
──────────────
🌾 SASKATCHEWAN (SK)
High-value infrastructure and prime production land.
📍 1. Wymark, SK
💰 Value: $126,000,570
• Farmed: 21,951 ac | Owned: 12,753 ac
• Buildings: $27.9M
• Land Comp: $7,690/ac
📍 2. Ponteix, SK
💰 Value: $70,022,835
• Farmed: 20,016 ac | Owned: 19,697 ac (98% Owned)
• Buildings: $0
• Land Comp: $3,555/ac
📍 3. Admiral, SK
💰 Value: $12,444,930
• Farmed: 10,870 ac | Owned: 2,385 ac
• Buildings: $0
• Land Comp: $5,218/ac
📍 4. Vanguard, SK
💰 Value: $80,600,694
• Farmed: 44,231 ac | Owned: 14,358 ac
• Buildings: $444k
• Land Comp: $5,583/ac
📍 5. Stewart Valley, SK
💰 Value: $62,003,180
• Farmed: 12,932 ac | Owned: 10,182 ac
• Buildings: $1.01M
• Land Comp: $5,990/ac
📍 6. Calderbank, SK
💰 Value: $81,029,948
• Farmed: 17,343 ac | Owned: 17,128 ac (99% Owned)
• Buildings: $2.72M
• Land Comp: $4,572/ac
📍 7. Raymore, SK
💰 Value: $101,556,760
• Farmed: 23,257 ac | Owned: 16,530 ac
• Buildings: $5.5M
• Land Comp: $5,811/ac
📍 8. Outlook, SK (Irrigation Hub)
💰 Value: $62,968,328
• Farmed: 6,618 ac | Owned: 1,852 ac
• Buildings: $39.0M (Massive Infrastructure)
• Land Comp: $12,927/ac
📍 9. Kamsack, SK
💰 Value: $85,877,958
• Farmed: 40,245 ac | Owned: 11,377 ac
• Buildings: $14.1M
• Land Comp: $6,303/ac
📍 10. Hafford, SK
💰 Value: $33,140,665
• Farmed: 46,466 ac | Owned: 2,554 ac (Mostly Rented)
• Buildings: $20.2M
• Land Comp: $5,032/ac
📍 11. Prince Albert, SK
💰 Value: $22,229,614
• Farmed: 20,724 ac | Owned: 3,020 ac
• Buildings: $4.87M
• Land Comp: $5,745/ac
──────────────
🌻 MANITOBA (MB)
Large scale, contiguous land base.
📍 12. The Pas, MB
💰 Value: $87,661,352
• Farmed: 28,589 ac | Owned: 21,676 ac
• Buildings: $6.33M
• Land Comp: $3,752/ac
📍 13. Eddystone, MB
💰 Value: $70,179,712
• Farmed: 21,972 ac | Owned: 26,632 ac (100% Owned)
• Buildings: $8.5M
• Land Comp: $2,316/ac
──────────────
🦅 MONTANA (USA)
Big Horn County holdings.
📍 14. Fly Creek, MT
💰 Value: $88,532,140
• Farmed: 34,088 ac | Owned: 32,757 ac (96% Owned)
• Buildings: $4.22M
• Land Comp: $2,574/ac
📍 15. Camp 1, MT
💰 Value: $33,446,980
• Farmed: 14,827 ac | Owned: 9,533 ac
• Buildings: $2.1M
• Land Comp: $3,288/ac
📍 16. Camp 4, MT
💰 Value: $41,681,969
• Farmed: 28,812 ac | Owned: 11,455 ac
• Buildings: $6.27M
• Land Comp: $3,091/ac
──────────────
Note: Prices are in CAD. Market/Land data derived from Comparable Land Sales Database, SK Ministry of Ag, ISC, and SAMA.
Rick DeGroote retweeted
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