AgriInvest running late also

[skhadenuf]

Remember that those with the high reference margins for Agristability are also highly profitable and highly taxable. Your comments about extended holidays, fancy trucks and equipment are because they can afford it anyways.

I do agree that something needs to change in the system to deal with the multiple loss years you are experiencing but I don't agree with setting a bar at $200 or $250 per acre. Setting the bar that high means non production costs (repairs, debt, land rent) are now part of your guaranteed income. What do you think rent, land prices, inputs and equipment prices will be then?

Even if there was such a program, what do you think is a fair price to pay for this level - 30%?. If you are a multi year claim candidate will the price you pay go up? I have no insurance brokerage experience but if we pay 6-12% for hail insurance which is a freak of nature, I have a feeling the premium will be exceptionally high for coverage that we can control parts of the outcome.

If Crop insurance took out your last 3 years of 5 that were basically 0 production as you claim, would that provide a reasonable base?

[Hopperbin]

In all fairness agristability should have the option to go back 10 years and take out a top and bottom possibly. If that does not give a farmer a margin then they should not be farming.

[Hopperbin]

Sask99 I just wish we could have a self directed investment account for agri invest, it would provide a better return than .6 percent per year from the banks now offering. Currently it is not an option. Yes agriinvest money is taken out at what ever tax rate you are in in that year as it is just claimed as income. Currently though a corp investing in self directed accounts pay only the high rate on those accounts as they are classed as passive income, just the same as if the corp cash rented out land, it is passive income.

[Hopperbin]

More investment options would be nice, but again, how much administration does a program want to have to handle all this.

I suggest, make your deposit, withdraw it right away.

You can make 6% or more applying it against intermediate debt on equipment. Do not use against land debt unless it pays off the loan.

If its a corporation, use your shareholder loan to pull out and invest it where you wish. If no shareholder loan, borrow from your company, repay the offside balance before each year end or take a dividend/mgt fee.

[skhadenuf]

so why are you guys with the good weather history getting 150,200,250 bucks guarantee margin for next to nothing, while others are getting nothing. once again you prove my point, you don't want anyone else to have 200 but you sure want to take it for next to nothing. Get rid of all that bullshit administration and that would pay a long ways into premium, As far as that bullshit line that costs would go up well are they going to go up for you guys with those margins? whether the money comes from the crop or a program if someone is taking advantage of that then that needs to be handled, you can't just say oh no payments because it raises cost of things, that just proves that the market we function in is fuxxed.

[skhadenuf]

I don't know where you get off thinking that those with good margins don't want any one else to???

The high margins are not only the result of good weather - "tons" more than that.

Their land is probably the first part - better quality because of drainage, soil type etc, and they would pay for that, in excess of $100,000 to $150,000.

No matter how much you argue the point, 2 farms side by side, all factors the same, will never end up the same production, same net worth, same reference margin. They both will make decisions based on what they think is best but will never be the same at the end of the day.

If you live in an area that you have not grown a crop for the last 5 years you better think about moving your farm to an area that doesn't experience those conditions or just get out and become Dwaine's right "hand"

[skhadenuf]

Spoken like a true right wing fanatic Reformer, Support the lucky, fuxx the rest. Like I said I hope you ****in drown and looks like it's gonna happen. The boys phoned M S at LD and they know who you are. I knew you or someone close was on government payroll and we were right.

[skhadenuf]

Ok, whatever, think what ever turns you on

You hope I drown...

Because you have said so, I already know you "have" long before me

I don't follow those that fail, a lesson to be learned

[Hopperbin]

Sask99 what administration cost are you talking about???
The bankers, I deal with RBC bend over backwards to show you how to invest. It costs 000000.0000 to learn.(to the gov't that is) We should be able to claim the gov't portion as income in the year we have the matching deposit. Then it should be tax exempt while it is gaining and the gain should be taxed at the tax rate you are paying in the year you take the money out. *** guys I am talking about the best insurance program ever, doesn't anyone see it???