INP

[hobbyfrmr]

So Input charges 14%, if you don't make your FCC /CCGA/line company input payments the default rate is 18-19%. Does that make them loan sharks? Seed companies, ie.Canola seed, goes up every year what is their ROI, we buy it does that make them loan sharks. I am neither defending nor chastising Input, with the times we are in in ag they have found a gap in traditional financing and are exploiting it to their investors advantage. This model of has been used for years in the mining sector, a junior exploration company will pre sell a portion of a known deposit for a fixed price for working capital, most often to a larger more established mining company. However they know exactly what the reserves are and know they never deplete, unlike our crops in this weather, but when you read in news that a junior has been bought or acquired by the larger company it sometimes means that they didn't fullfil the deal, but not always. I guess what I am saying is we all have a choice on how we operate and if we don't like something we don't use it, it doesn't mean it won't work for somebody else.

Excellent comparison. Its just business.

[the big wheel]

Well I guess maybe my info may be wrong but the court cases the interest is not 14% it's somewhere up in the 25
to 30 range.

I don't know exactly how it works but if things are based on 10 dollar canola and the price of canola you could have got is 12 bucks there is lots of interest right there never mind the actual amount they charge based on the 10 buck number.

Also why hasn't that issue ever been dealt with about other companies charging rip off interest? It's bullshit also.

[farmaholic]

I asked the Banker why I can't get a mortgage on land as cheap as someone can get a mortgage on a house in town or the city.....answer: foreclosing on farm property is quite onerous compared to a residential property. But I told them, "with me you'll be assuming less risk".....they said it didn't matter.

You mean it doesn't matter that I could put up enough land equity, at reduced values, that they would be basically taking no risk? ....I guess not! What a ****ed up system.

On Input. ...I wonder if the big push at Farm Progress show to sign up 40 tonnes for fall at $11.00 netted them many "contracts"(Five year contracts at future prices to be determined???????) and if those "contracts" are included in those stellar numbers they're reporting. Are those actually considered streaming contracts....I doubt it but it might get afew more unlucky people through the one-way door!

[bgmb]

I will give some free advice. Anyone who is thinking they need input capital should go see a professional 3rd party to help them with financing and debt structuring. If that doesn't work try another professional and if that doesn't work maybe try another career

[LEP]

Bgmb. LIKE.

[farmaholic]

Effective June 28, a grain dealer licence has been issued to Input Capital Corp.

That tidbit is off the CGC website.

Now a "buyer" of grain as well?

[farming101]

Yes, the next big thing.
Top shelf marketing available

[farmaholic]

Yes, the next big thing.
Top shelf marketing available

Probably better than my "bottom drawer" designation.

[Oliver88]

I will give some free advice. Anyone who is thinking they need input capital should go see a professional 3rd party to help them with financing and debt structuring. If that doesn't work try another professional and if that doesn't work maybe try another career

Well put. 👍🏻

[bgmb]

Effective June 28, a grain dealer licence has been issued to Input Capital Corp.

That tidbit is off the CGC website.

Now a "buyer" of grain as well?

Rumor is they are slow paying on the grain buying end of things heard of a guy that couldn't get paid.