Ritz' Rodeo of Words

[FarmRanger]

“Crop Advisors… advised their American clients to pre price their 2008 crop at 5.50.”

And farmers were forced to sell all of their crop at that price under threat of incarceration. Oops, pardon me, wrong country, that’s Canada that does that.

[charliep]

agstar77

Good sidestep on the first paragraph. Ignore a $40 million drawdown on the contingency (a transfer of wealth from farmers who have contributed to the fund in low payments/price years) and a gift to farmers in the past year. Or was it a gift and instead of a reflection of flaws in the CWB risk management strategy and a need to rethink their approach? Does a $40 million loss even matter?

Ah. Much better to discuss who gets the best average price. Something everyone in western Canada should try. Be average in everything.

[agstar77]

Just a question, what price are crop insurance benefits based on, What price are CAIS payments based on ? When you go for a loan how do you do projections on the highest price of the year or on a weighted average?

[agstar77]

Contingency money has to be returned to the pool account.

[Hopperbin]

Why should contingency money go back to the pool account when it didn't necessarily come from there in the first place?

[cropduster]

Hopper........cause the poolies is tooo dumb for anything else!They are the ones that NEED /WANT/DEMAND the handout!!!!!!! Think about it......like, if I were living in a quonset.....wouldn`t you think I was handicapped in some fashion?Deserving of a gift?? Aahh but then.....think of the advancement here....it`s better than a hole in the ground like some of the earlier settlers!!