INP

[iceman]

[URL="http://news.morningstar.com/all/canada-news-wire/20170711C3321/input-capital-corp-adds-124-new-canola-streams-in-q3.aspx"]http://news.morningstar.com/all/canada-news-wire/20170711C3321/input-capital-corp-adds-124-new-canola-streams-in-q3.aspx[/URL]

Actually quite shocked by this. I was not expecting 142 new contracts being issued from April 1 to June 30. Silly of Iceman to think some people wouldn't leave crop financing to the last minute.
The confusing part to FCC is all over the media saying Ag financials are perfectly fine. Well if as of April 1 143 farmers didn't have their house in order for the 2017 crop, things are not fine. Far from it actually by the looks of this.

Anyways I'm happy to play it from the long side.

Clear for departure

Iceman Out

[SASKFARMER3]

I'm not surprised by this as times get tough it's an option some look into and they get their hooks into them.

They will have lots of land again.

[the big wheel]

There are big problems at FCC. They appear to not want family farms they seem to be locked into people and corps that don't need loans and some arent even farmers but investors more than keeping communities going.

Careful people with plenty of capital can't get loans but bullsitters and ex input dealers and Chinese Africans all have a blank check. And the strange part is when the idiots oh I mean the text book farmers go broke FCC gets taken to the cleaners whereas the family farms they suck the asshole right out of them.

Something really wrong with their corporate goals. Jmo

[SASKFARMER3]

It's input capital were talking about big wheel

[RD414]

I know of three guys around me that signed up. All same common denominator, no or little backing from family, 27 to 35 years old and a strong drive. Are they spending the money wisely, don't know. Did they need to use this avenue, I think so. Banks and FCC are pulling in their horns and these guys are being squeezed. Crop in the field this spring, shit prices for what did come off in spring, a crop insurance that does not work for starting farmers, these guys are swimming awfully hard to stay afloat. Hopefully Brad and Dougs plan doesn't drown them.

[the big wheel]

Saskfarmeri know what the topic is and if FCC was doing its job and crop insurance was working there would be no input capital. This is a large scheme where tools for farmers are being intentionally screwed therefore the rise of iceman retirement fund inp. As I said FCC seems to have its favourite pets and it ain't farmers that could use their help.
Really something wrong there.

[the big wheel]

Icemans retirement fund don't give those loans without capital. So why isn't FCC taking a chance on those farmers especially if the reason for some problems is crop out etc? They obviously would be secured iceman s retirement fund is fully covered.

[iceman]

Icemans retirement fund don't give those loans without capital. So why isn't FCC taking a chance on those farmers especially if the reason for some problems is crop out etc? They obviously would be secured iceman s retirement fund is fully covered.

Retirement? No it's the Lear jet fund

I'm not buying this FCC won't lend money to family farms thing you're pitching. From what I understand they seem to be more than willing to lend piles of money out to family farms.

Who knows what they are taking for security, maybe land? Maybe it's crop insurance? There was a comment in the press release about crop insurance funds being paid in lou of canola deliveries.

The Ag sidewalk is starting to crack in imo

Iceman

Iceman Out

[SASKFARMER3]

I'm curious on the FCC thing, our area has lots of young farmers and they all use FCC. Most used the starting farmer program and most use for inputs.

I know of one guy who is now using I put capital but you can see why.

[the big wheel]

Many of the acres I took over tell the same story no help from the lenders only option was the sharks. So why is that?
And was told who was getting the loans maybe it's an area thing.
Explain to me how they got took by broad ass etc for millions? Where was their equity there?
Are you saying input doesn't take a registration on land? I don't buy that either. Nobody goes to input if they can get a loan at traditional facilities and your saying they give just on crop insurance? Hahahahaha oh my!!! Sales pitch???

[bgmb]

Big wheel fcc will lend money where banks wont. Don't deal with them anymore but when we did they were reasonable. Anyway some ppl just can't see the writing on the wall if you need input capital maybe you should change how you are doing things or get out.

[farmaholic]

Big wheel fcc will lend money where banks wont. Don't deal with them anymore but when we did they were reasonable. Anyway some ppl just can't see the writing on the wall if you need input capital maybe you should change how you are doing things or get out.

AMEN!!!!!!!!!!!!!!!

[farming101]

My understanding is if cash is advanced then security is taken against farmland

[the big wheel]

When it's this many farmers it s saying something is wrong doesn't it?

Many on here contradict themselves. In one sentence complain the programs and system isn't working and in many ways that's correct but at the sAme time all those farmers having no option except the sharks and then it's only their fault?
Which one is it?

I m only saying if there is enough equity for the sharks what's wrong with the other guys considering all of these things that are wrong.

[Misterjade9]

I have been watching this debate unfold for awhile and I have to agree with Big Wheel. FCC is not interested in lending to farmers who don't fit their ideaology of what farming is. I was literally told by a FCC customer service rep that we did not fit their mold, and as such were painted with a certain brush. Came into full time farming late, didn't have generations of equity built up, so was told I was too old and didn't have enough collateral for them to be interested in financing. FCC, like any government department, wants the public admiration of shaking hands with the Gary Pikes of the world and saying "look at us we are financing the future of farming" and when that goes south they have to recover the losses on the backs of their other customers. Big Wheel is right who at FCC was doing their due diligence to let them get 14 million into Broadacres.