How bout some aid now boys

[bucket]

Parsley

You still voting conservative after the the Saudi intervention?

[bgmb]

You have aid it's called crop insurance doesn't look good when farmers driving 60000 dollar pickups have their hand out

[vvalk]

I'm on the fence here and I would call my self a right wing businessman. Question is do we really work in a free market? Do we really see a true value for our crops? Let's say ( after generations of hard work) that an average full time farm has 2-5 million invested in land buildings and equipment. Then add in $200-$350 an acre costs. Factor in all the potential risks that One can't hedge against. Too much/little rain, frost, bugs, disease like aster yellow etc etc. do you really think canola should be $10 and we should be happy with that. Wheat at $6. Barley at $3-$4. When we can get the real value out of our commodities because other countries quit subsidizing the shit out of their farmers, then let's scrap any government help. parsley, what makes you think other industries aren't subsidies? First supply management is subsidized by every single consumer. The whole oil insldustry is build on subsidies and continues to be. Just look at the royalty structure. They don't really pay unless they make money. As it should be. We are one of the very few industries that creates money for the economy.
Most industries just move money around.

[bucket]

Looks just as bad when a football team's ceo drives a Cadillac while getting 80 million from the province.

Or the Russian steel company one of the best in north America getting handouts while employees have new vehicles.

Let's not forget the royalty restructuring for potash either so every potash worker is driving new vehicles or rvs or boats.

[vvalk]

Bgmb. So if you drive A junker around and use old equipment etc. then its ok to get subsidized if the shit hits the fan? What if we don't get rain for 4 years straight? Will everyone on here have the same principals? The argument should be the same then as now, as to why we shouldn't get money. You don't think paying 60 percent of our crop insurance premiums isn't a great return on investment for the entire economy and all rural Canada?

[Flatlander]

Actually pars I think the $833,??? Being jacked to $1000000 is for ALL small businesses capital gains, farms, fish, and other business as well. Talk to accountant, may have to sell your shares of company but I believe available to all..

As for crop ins look at toal premium before deductions and compare to total $ coverage. WTF not to many multiples of premium to reach coverage,who collects that often?

Not trying to be a socialist here by calling for aide but bucket points out some big free enterprisers in the west and in ag, seem to be deep in the trough.

[bucket]

Vvalk

Can't argue your logic. Thumbs up.

[vvalk]

Bucket. How about the CEOs of the 3 automakers fly in their 60 million dollars private jets and 8 figure bonus get billions in subsidies. People still need jobs don't they. If business or farms fail do to the drought do they not go on unemployment or welfare etc. where's the principal argument on those subsidies. Low income purple don't really pay any tax yet use all the resources from the government. How far down the rabbit hole do you go

[vvalk]

Meant farm workers or workers from business go on unemployment. Business owners can go on unemployment

[cuban_assassin]

VValk and Bucket u boys hit the nail on the head!!! Excellent comments!!
As I mentioned before any money farmers get is going right back out into the economy anyway!
This drought will cost this industry billions!
Once we get all the dealers without deals bitching and moaning that might help us out as well. They are just as much in debt as most farmers. Hell 75% of people under 50 are maxed out and can't go more than a month without a pay check. Most big businesses are too. No one can go long anymore with any major cash-flow reduction. Look at the u.S. government their 18 trillion in debt!!
If there is no assistance the shit will hit the fan a lot faster and harder than it did in the 80's. Simple fact is it takes a tonne of money to roll through a production cycle. Its not like it use to be when u could go work all winter and pay your chem and fert bills.
Crop insurance aint enough the fixed and variable costs of farming are too high. We need a $75 to $100 an acre payout made to everyone that registers a claim with crop insurance or the provincial disaster assistance program!

[stonepicker]

What's the difference between this drought and others? The least efficient producers will fall by the wayside. ( just like any other business industry that falls on hard times ) only difference is other small businesses will never see a hand-out, whereas farmers have seen plenty of handouts over the years. Like the 80's there's lots of young farmers that have over spent ( figured they were smarter and that farming with older equip. wasn't efficient ) It's pretty hard to feel sorry for them if they fail when tough times hit. BTW bucket and others, how have you survived all these years if at every turn you're getting screwed in the right ear? You're a chronic complainer who's full of shit. If i was a terminal manager i wouldn't want to take your grain either.

[LEP]

Cuban, maybe you can drive your 4940 that is just about off lease.

Must be embarrassing to drive that old pos, that is worth more than most peoples houses.