Expectations #1

[burnt]

Someone mentioned the word "responsibility".

I think it's a good word.

[bucket]

Parsley

If the lender knew that excessive rain and unable to seed was going to be the cause of the default, then the lender ought to have explained that to the farmer.

Its the cause and effect argument here.

Crashing the bike is the same as too wet to seed. The cause.

Defaulting on the loan is the effect.

Both causes are unpredictable and probably uninsurable.

History could not have predicted this springs events.

And that is why I don't think farmers should be penalized for it.

I don't think using default as a strategy is effective. Because the effect of letting thousands of farmers default or going broke ruins the entire industry. And that cause will affect every farmer left in the prairies.

That is why the government bailed out the auto sector. The effect was more expensive than the cause.

My two cents.

[parsley]

Bucket:

This is the second time you have lapsed into the "end justifies the means" argument.

That is the socialist argument. AIG argued it. Fanny and Freddie argue it. The CWB argues it.

And that's fine, bucket. Just realize it. Pars

[parsley]

I will write this in a separate post, bucket, so you will take pause.

Farming will indeed produce failures. Some of them will result from stupidity, others chance, others weather, others an accident, others greed, others timidity. Yes, well.

Your choice.

But failure is part and parcel of capitalism. Either you support failure as part of capitalism or you do not.

The whining weak get weeded out in capitalism.

For those who want farming to become socialism's government program, at it's most regimented and regulated, I do not agree. But you know that already.

For those who pretend to be capitalists, in everything except resolve, and still want to nurse a money teat, I would suggest you take up agricultural busking on the streets in front of a bar.

A happy hour donor tossing a loonie into your cup of plight will feel more empathy for you than do fellow genuine farming capitalists.

That diatribe should really put you in a rage for the weekend. Pars

[bucket]

Parsley

As before, I understand what you are saying.

But keep in mind these weather events are completely out of farmers control.

The financial meltdown was not out of mankind's control - the people responsible chose to ignore their responsiblities.

The auto sector the same.

But both got bailed out.

The events of this spring are completely out of one's control. History has told me to expect crop failure because of drought hail etc., but this is one most couldn't imagine.

Its fine to refer the capitalist farmer but what happens to those guys the next time it happens - just let them go under because that's the right thing to do. That doesn't bode well for the industry because you get rid of the experienced farmer.

If that is the case, why bother farming at all, why not just introduce new farmers every year and see how that works out.

A capitalistic view of farming is great providing you accept that it is the quickest way to socialistic farming because as farms get bigger the rule " its too big to fail" comes into play and therefore the only way it can survive is by government help.

Therefore the result is the same just delayed until the next disaster.

Look at big sky and stomp farms, the end result was the same. Both went broke. If that is the way farming communities survive it doesn't look to bright for any young farmers.

[bucket]

Parsley

As a capitalist do I go out and buy or rent enough drill to get my crop in, knowing full well that I can't afford it and it doesn't make economic sense.

And end up in essentially the same spot except I spent more money I don't have in the first place.

[parsley]

GM vs Ford?

If I am to believe what you claim, then, the CWB has every legitimate right to claim you actually need them to look after you. Pars

[Hopperbin]

Actually parsley reading your first post I don't think I would lend my kid 500 for a 500 dollar bike because it is setting up of disaster. If you think like a banker you must consider the resale of the bike, probably worth 50 percent less as soon as you drive it off the lot. So the loan must be for no more than 50 percent of the purchase price, plus there is risk in a 500 dollar bike. It could be stolen then worthless, at least a shit storm maybe you could fix it. Your right parsley make him work for part of it first, at least make him have some sweat equity in the bike. Plus the 9 year old may thank you 2 weeks later when he feels something else is more important.

Parsley you are hinting towards the record interest being paid by farmers today. Record interest rate payments at record low rates???????