Dear Charlie,
Went to one of Merle Good's seminars yesterday.
Thanks to BRRG and AB Ag for the great info! Tax advice that could save $millions for those who took the time to attend.
Here is the reason for the CWB Election debacle:
Gross Farm Income Canada;
Income less than 50,000 - 52% of farms - 5% of income,
50,000 - 99,999 - 14% of farms - 5% of income,
100,000 - 249,999 - 17% of farms - 15% of income,
250,000 - 499,999 - 10% of farms - 19% of income,
500,000 - 999,999 - 4% of farms - 16% of income,
1,000,000 and over - 3% of farms - 40% of income.
$250,000 and more = 17% of farms - 75% of farm income.
Source 2006 Statistics Canada - Census of Agriculture.
One would expect in 2011… this will be even more concentrated to fewer farms for more income.
How can those who sell 40t of wheat... over 2-3 years... make a decision for a grower that sells 5,000t a year?
On the ships alone over 4 years:
$20,000 for one grower; $80 for the other grower!
This is TalkingEskimo I know... but for any sane person to understand how we actually got to this point of insanity...
THIS does explain the problem and issue!
Some one with $80 in the pot... has the same say as another farm with $20,000 in that same pot!
Both own exactly the same amount of the Ships... and likely the grower delivering 12,000t to the CWB over 4 years is despised and hated by the CWB!
Went to one of Merle Good's seminars yesterday.
Thanks to BRRG and AB Ag for the great info! Tax advice that could save $millions for those who took the time to attend.
Here is the reason for the CWB Election debacle:
Gross Farm Income Canada;
Income less than 50,000 - 52% of farms - 5% of income,
50,000 - 99,999 - 14% of farms - 5% of income,
100,000 - 249,999 - 17% of farms - 15% of income,
250,000 - 499,999 - 10% of farms - 19% of income,
500,000 - 999,999 - 4% of farms - 16% of income,
1,000,000 and over - 3% of farms - 40% of income.
$250,000 and more = 17% of farms - 75% of farm income.
Source 2006 Statistics Canada - Census of Agriculture.
One would expect in 2011… this will be even more concentrated to fewer farms for more income.
How can those who sell 40t of wheat... over 2-3 years... make a decision for a grower that sells 5,000t a year?
On the ships alone over 4 years:
$20,000 for one grower; $80 for the other grower!
This is TalkingEskimo I know... but for any sane person to understand how we actually got to this point of insanity...
THIS does explain the problem and issue!
Some one with $80 in the pot... has the same say as another farm with $20,000 in that same pot!
Both own exactly the same amount of the Ships... and likely the grower delivering 12,000t to the CWB over 4 years is despised and hated by the CWB!
Comment