A little bit panicked, need advice. PLEASE HELP!!!

[husker]

Your not going to be the only one in this boat. Just make sure you take care of yourself and your family. The iron is just that just iron. and communication is the key to dealing with any of your lenders

[skhadenuf]

Gotta agree with Bucket somewhat, here's some irony for you, I see cropinsurance is advertising jobs for Ritz's Cais. Get a job there you'll know more than most of those that will be your boss but what the hell every second friday money in the bank, will likely net more than many farmers anywhere will this year. You can hear your supreme leader Ritz proclaiming in the media all the millions for agriculture and you will look around at the hundreds of comrads working at you Cais office and realize where it's going to. Then some young farmer will call you up after he freezes out in august next year, explaining just the same things that happenned to you, you will sympathize and truly understand try to juggle the numbers in his favor but in the end you will find piss all for him. This as you sit back in your leather seated chair sipping on a latte, thinking I am glad I'm not that poor bastard anymore.

[vvalk]

Just wondering how you can afford to pay 35% or more tax on buying land when you can pay 14% as a corporation.

[mbratrud]

I disagree Bucket, no matter what you do adversity will be thrown at you. Farming is a good lifestyle and career. There is always going to be bumps in the road no matter what you do. I have worked off the farm and now I farm and work, sometimes its frustrating as hell but most of the time its extreemly rewarding. If you are putting your families well being in jepardy thats one thing but if you can see yourself and family through the adversity it makes you stronger.

[parsley]

Just IMHO. Some of you will get your hackles up again when you read:

IMHO, Money is going to be hard to get.

Banks and lenders are quietly scaling back loans, and carefully assessing clients. They don't have to loan you money.

Interest rates will rise.

The most important tool you will have for a successful farm, is your credit rating. Your character.

Both will be based upon your ability as well as your history in repaying a loan. The amount of effort you go to to repay and make payments. Your deception or your forthrightness. Your manipulation or full disclosure. Your degree of tantrum-throwing will be noted and graded.

Your past finacial habits will either keep you in good stead, or come back to haunt you.

And not just one bank will know your habits, but each bank will know them.

You may attempt transferring, numbered companies, defaulting, bankruptcy, hiding sales, deception, but this is a new era, and I again say, your best tool for farming is your credit rating and your character.

Look at Sask. Producers' net income in the last 3 years:

2007 2008 2009

Farm Market Receipts 157,228 199,314 188,847


Program Payments 18,159 14,159 20,221

Farm Expenses 143,288 178,034 166,539

Net Operating Income 32,099 35,438 42,529

Without Government Program 13,940 21,279 22,308


Play banker, and read that last line twice.

That's the average farmers money left in your pocket less the Government subsidies. Most of you on AV are average farmers. Most farmers are obviously not financial geniuses, either.

Governments don't HAVE any money to give you. They are going to cut back still further. Even on pension plans.

So as a banker, I see you sitting there asking for a bunch more money, and I'm looking at your bottom line, I ask how in the world are you going to pay it back if it freezes early next year?

Now, I will talk twice to the guy who shows me he will add a little income, however he can. jobs are not beneath him. It's called good faith. It's good-intention. Something called character. He's maybe got two kids and made the average $22,308 last year, but he's got squat this year, but he's game.

And he's the guy who won't cop out and leave the local mechanic and the local grocer and the local hardware store big bills, when others bankrupt their debts as a practical measure, some will even try transferring funds to Brother Harry in Detroit when the banker pipes his payback time tune.

I cross-examine a few bankers now and again, but they sure are a different kind than the ones some of you boys think you will be dealing with.

For any young fellow,with a heavy debt load, I will reiterate what I believe to be the most important farming tool you have:

Guard your credit rating and your financial integrity.

And let your banker know you don't believe the rest of the world owes you a living. IMHO.

Pars

[parsley]

Should read:

however he can incorporate a few cutbacks, at the same time as showing cash-flow part time jobs are not beneath him

[AG_guy]

Don't d0 anything stupid !!! Talk to friends , family, your bank, a lawyer maybe another bank or every bank in your area. Make a plan there has been ALOT of ideas thrown out to you that are great. If you can squeeze buy with your payments then go work out. If you have a class one you should be o.k you might be away from home a while but it's what it takes.

You still need to farm next year so make a plan for that. Your in a bit of a bind but ask for help it's out there. Nobody wants to see a guy go under.

[AG_guy]

Tell us your aprox location and give us a email adress. Not with your real name have a gmail or hotmail one. Can you drive a truck what can you do. There is alot of guys who read this maybe one is looking for help. Post this on all message boards you never know what help will come your way. We all specialize in something.

[dmlfarmer]

All of the economic advice you have recieved on this thread is great and valuable but is all meaningless unless you protect your physical and mental health.
I am guessing as an smart young guy you already knew and probably have already did most of what has been suggested.
However, your age, independance, and work ethic is probably preventing you from dealing with the biggest threat, the stress that is building.
I know first hand of how damaging stress becomes. Of how you can no longer make decisions, or concentrate, of how you can either not sleep or not get up, of the anxiety that never goes away. Worse yet, is the inability for many to even recognize these are symptoms of real physical problems, and that like any disease, if not addressed will get worse.
I don't know if Saskatchewan has a farm stress line but I know Manitoba does. 1-866-367-3276.
Reaching out to this list is great, but I really think you need more postive support than what you will get on angerville.
Communication is key, and not just with your lenders or banker. Call a farm stress line if available or check with your local mental health or even family doctor to address the stress you are under and to protect your health and emotional stability.
Believe me, once you address the mental and and even physical pain that is building from your situation, the economics becomes a lot easier to address. Wishing you all the best!!!

[skhadenuf]

I don't think you add character to a farmer just because he needs to go get some job because he's not being compensated for the work done on the farm. The character is and always was there for farmers. It's the other part of society skimming and scheming that could use a mental adjustment. Not sure of how many jobs you get are going to pay your inputs well actually I do NONE maybe if your organic.
Don't give me that bullshit there is no money, there is tons of it at government and at the banks it's a question of who it's going to. The banks would have been gone a long time ago just read the headlines of their profit, in both good and bad times for the rest of us.
You Pars need to look at those bottom numbers their pathetic, look at the add on wealth created at the next level off of us producing the raw product Compare the 2 numbers. Get freakin real,some job isn't going to save no farm