Investment tax credit

[Rareearth]

Since our agristability programming has been
pared back, perhaps some type of equipment
investment tax credit for equipment could be put
in place to help improve productivity in a difficult
labour market, escalating land and input prices
environment. It would help stimulate the economy
and improve the competitiveness of the ag sector
in the tough markets we live in.

I know Minister Ritz would see the opportunities
as well.

[Daylate]

States have been doing this for 4 years, up to $400,000 per year, 100% tax deductable on machinery made in America. That would be nice...

[hobbyfrmr]

Rare earth is looking for a new seeding outfit!
Wow that would be helpful for sure. The
machinery companies would make more sales
and in turn hire more people etc. the farmer could
expense a good portion of machinery
sales/leases. This could be why there are so
many bigger, newer machines in the RB sales.
The US farmers get new ones, 100% expense the
purchase price for a couple of years and then get
new ones again. Heck, why not, it's almost free!

[bucket]

It also drives machinery prices through the roof.

I remember the government put a tax credit on and guys were trading 850 masseys and getting 100000 for them on a trade. The dealer jacked up the new price because all that mattered was the difference to the farmer. But the higher the cost on the new machine the better the tax credit. The farmer ends up paying very little all things considered.


Wonder why we have half million dollar combines now that are worth not much more than 250000?????

[SASKFARMER3]

Just getting on a plane for Vancouver. The tax
credit only increased price of equipment. RB
auction is Enns Bros and a few others from
Manitoba in the Saskatoon sale. Cross your
fingers maybe my Chinese investor will buy me
out for $25 mill That i want. Ha ha

[GreenValley]

Wow, almost forgot that one, sure bring em' on. Would be nice.

[ado089]

How about less government in my buisness. Farm economics have never looked better, if you can't cash flow your opperation you should look at your agronomics or maybe it's the land that is trading for 3-4 times assesment or $80 rent that seems to be no big deal. Between rain, hail, rain, wind and rain, did I mention rain, over the last three years I haven't had a crop of anytype go over 30bpa with most strugling to break 20 and even a few 0's in the mix. That said with the strong markets and a strategic approach to crop nutrition and keeping land cost resonable I'm still building equity every year.

[tubs]

we don,t need anymore distortion in ag just leave us alone

[mbratrud]

tubs amen to that!

[grrrr]

tubs-I agree