Farm safety net payment cap?

[Hopperbin]

Just read the article in the producer about the feds wanting to do away with the payment cap. So large farmers can recieve a larger share of agristability payments. I really do not think that is a good idea or thing to do, may get flack of course. But what is the cap any way and why do we need it that high in the first place. Canandians are not starving.

[Wheatking]

They are doing everything in there power too not get me too vote for them
again. Between christian zealot idiots like Trost and Vellacotte wanting too
take us back to the stone ages in regards to social policy, Bev Oda treating
the public purse likes it her own personal bank account, the F35 debacle, and
now this. I will keep voting for them until the board is truly and forever
out of my life, but they are making it difficult.

[fjlip]

For One Earth, Broadacre and the like perhaps?
USA has a cap on payments.

[Hopperbin]

Its like asking someone to come to Canada or Burberts Comedia and buy us out and of course we will give you the money to do it.

[fjlip]

For One Earth, Broadacre and the like perhaps?
USA has a cap on payments.

[Hopperbin]

Its like asking someone to come to Canada or Burberts Comedia and buy us out and of course we will give you the money to do it.

[Hopperbin]

Flip in that article if true they talk about doing away with the cap so that the sky is the limit. I see no point in it unless there is one hell of a huge payment to the election campain.
I am not voting conservative untill this is resolved.

[farmaholic]

Hopperbin. My 2011 COB (Calculation of Benefits) for Agristability has been processed and I have it. On the front page it states, "program benefits cannot exceed 70% of the margin decline or $3,000,000.

At a maximum of 3 million, these are fairly large operations and should spark some debate if these guys deserve this kind of protection. I don't know any farms that farmed the programs and were successful long term.
It is a losing battle with declining margins or lower average yeilds(crop insurance). Most programs are designed to barely keep you in the game, not to make money.

[SASKFARMER3]

Ok as a strong Conservative if they do
this I am tearing up my membership, and
not giving anything their way or doing
any work for them in election. This is
plain BS.
BroadAcre is a Joke and So is One Earth.
Take a drive and look at their farming
abilities my god what a joke.
Yet these supper farms because they cant
make it will get huge payouts under
these programs if the cap is lifted.
Thus giving the Retarded investors a
return on their investment.
80 plus a acre at Indian Head. Yea like
their is profit in that.
AGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG

[burnt]

Reminds me of a story about a chap propositioning a woman:

He says: Madam, would you sleep with me for five million pounds?

She says: Well, I suppose… we would have to discuss terms, of course…

He says: Would you sleep with me for five pounds?

She says: Sir, what kind of woman do you think I am?!

He says: Madam, we’ve already established that. Now we are haggling about the price.

If there are any producers out there that need $3,000,000 of support to stay in business then they are better off on the road and collecting a normal sized welfare cheque anyway.

[bucket]

Farm safety nets now are not there to protect the average farmer. Its there to protect the investors of these new companies buying land.

Wildhorse group had John Crow, former head of the bank of Canada, investing in them. Pretty sure he didn't lose that money.

One earth farms has Paul Martin, former prime minister of Canada, investing in them. Not only did he pander to the natives he was also instrumental in the current safety nets other than for some tweeking.

Viterra also took their fair share of government money through investments in farming operations.

Do you people remember Jean Chretien's embezzlements or Brian Mulroney's? The same thing is happening now just under a different set of parameters thru agriculture.

Its criminal, but how else do you roll 100 billion in farm assets when old people won't pass on the farm?

Honestly, people would rather have the sex talk with their families than talk about an intergenerational farm transfer. Which explains why you see 75 - 80 year olds writing cheques for their 50 year old son that wants a new piece of equipment. See it at alot of auctions and trade shows every year.

[cottonpicken]

The subsidies distort everything down the line.

Rents,machinery,inputs all get bid up do to the extra
money in the system.

Production also increases,which lowers prices.

Capatilism has been dead a log,long time.

[sumdumguy]

Ridiculous! The cap should be lowered. The
scamming is rampant. How much tax do these
ofs want me to pay?

Let these big shot bozos stand on their own two
feet, not on my toes.

[bucket]

The sad part is most BTOs will take a writedown sometime and no one will ever find out, but it costs all regular and honest farmers.

As far as agristabilty goes the worst thing for a farm is to be stable. A cow calf operation with a stable farm land base will never get a payout. Because its a stable low risk operation. No sense in being involved.

However if you split the operations up that is a different story.

[ALLFARMER]

Interesting comment Bucket

I switch to cow/calf from grains and oilseeds for
exactly that reason....risk. With the imput bills my
farm was at risk every year and what have input
costs done in the last 5 years?

$80/acre land rent, $50/acre for 4.5 pounds/acre
canola seed!! Neighbor has a new 500hp quad
trac (350k) and new drill (400k) so 750k seeding
rig I wish them well, looks like a nice rig.

With today's costs grain farm is all about risk
management.