Return on AgInvest?

[caseman]

took my money out and put it towards a down payment on a sprayer..

[farmaholic]

Every one seems to have a valid point. Nisa and AgriInvest have been good programs. AgriInvest is a watered down Nisa. Can someone help me remember the percentage of sales Nisa allowed as a deposit, was it 3%? At 1.5% for AgriInvest, the accounts won't get as big as fast. Also, there are maximum account balances too(I can't find info-is it a % of "Oh Limp Pick" average?) If your max account balance is reached you had better withdraw some otherwise you are not elegible for any more matching deposits--there is a bit of an incentive to withdraw some after the account grows close to maximum values. Tier one(agriInvest), is a bit of a gift, because most farms could weather up to 15% margin loss. It is the Agristability levels that should be enhanced. Tier two from 85-70% of margin--70% loss coverage. Tier three, from 70-0% of margin--80% loss coverage. 60% coverage for negative margins.

[smallguy]

Hi all, just catching up on agriville, have been gone for awhile. What are the restrictions to this program, is it like Nisa were the gov. side is to be pulled out first, and is taxable?? Can you get in or out at any time?

[Burbert]

It is NISA, wit a new Conservative name,
AngriInvest, nothing new except the brand!

[bucket]

Actually burbert, there is a difference, they are only going 1.5 percent of ENS. Nisa used to be 3 percent.

Another fine ****ing by the conservatives, just like their promise of marketing freedom.

[bucket]

I may be wrong but when NISA came out the crow rate was still in effect.

Eligible Net sales (ENS) made sense then as the crow rate equalized sales.

Now both alberta and manitoba have higher ENS because of the freight difference.

And lucky for us in saskatchewan we have a farm group that "takes the pulse of farmers with plastic nurses". And can't add up why the other provinces are doing better.

Now add up 1.5 percent on an extra eligible net sales over 10 years and wonder why alberta farmers are buying out saskatchewan.

[$short]

I agree with countryguy....use it to pay down some debt. Its basically free money so why not use it?

[fjlip]

Gov't portion taxable when with drawn, probably counted first. Don't you all have taxable income? Take it when you need it, and are in lower tax position.