UFA GIC's

[Gofer]

UFA Co-op is offering 7% for a three year GIC.
Anybody know what shape UFA is in ?

[farmaholic]

Is the principle at risk at all or is it guaranteed?

[charliep]

GIC or a bond?

[Gofer]

It is a Member Investment Plan, a term deposit really, that is neither guaranteed or insured. It is secured by UFA's balance sheet and reputation only. Interest paid semi annually by direct deposit. Details on UFA.com

[charliep]

In general, you would need to check out annual reports to answer the question you posed. Are available on the UFA website.

[wilagro]

No dividend for two years. I wouldn't touch it with a ten foot pole...in fact I am pulling my equity OUT.

[cottonpicken]

Wil,and Charlie i remembered you two as paper
pushers a while back?

Paper assets have been burning for a decade,act
accordingly,whats that insanity definition?

[GreenValley]

I am done with UFA, they cut me out. So I move over to Co-op. And never go shopping to UFA. Hope they go under. Dividend is joke.

[TOM4CWB]

"The bad thing about burning your bridges behind you is that the world is round."

Gofer,

I hope this setback for UFA teaches them to stay true to those who built this company... farmers.

If they provide good service and products... we need the competition...

[ALLFARMER]

Let's see ...they lost 50 million last year....50
million the year before that...the are now big into
some shoe store...Footlocker I think it is. Have
fired the CEO a year ago... I am a farmer and
the service has only recently gotten better but I
still rarely go there. Buy some land 10% return
easy collect rent secure

[groundspeed]

I recently lost 10000 in equity with coop, local outlet went broke, Real estate safest investment there is.

[wilagro]

Tom: I managed a corporation that provided good service and products for years. We made "profit" by considering that our customers were the most important part of our business. Too many businesses have forgotten this. I have nothing against the priciples that UFA works under...perhaps THEY have. Too much head office direction perhaps?...Investing in loss-leading ventures that others were dumping? Who know?...but the UFA management had better act quickly to rectify the situation or it is GONE. Too many of my neighbours are already "switching" to other suppliers especially after two consecutive years of loss.

[GreenValley]

Wil quote: ...in fact I am pulling my equity OUT.

And UFA not allowed to pull equity out and investment stock as well.
How do you do that pull equity out? by hack their system.. lol.

[wilagro]

I am old enough and eligible to draw the whole works out.

[Burbert]

Our local UFA store, is the store of LAST
RESORT, to expensive, goof ball managers,
staff turnover, almost daily. HIGH, HIGH
prices on everything! The only positive,
is that they hire farmers fer yard staff.
Management very arrogant, know it all
types, who are running the business into
the ground, as fast as they can, it seems.
No a UFA investment is not in the works
for our farm.......